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Websol Energy System, Zen Technologies and Asian Energy Services hit the upper circuit
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5 min read | Updated on August 27, 2024, 14:27 IST
SUMMARY
On Tuesday, the NIFTY50 index traded in positive terrain above 25,000 levels. Websol Energy System, Zen Technologies and Asian Energy Services hit the 5% upper circuit. Sakuma Exports hit the 10% lower circuit while Reliance Power hit the 5% lower circuit today.
Websol Energy System, Zen Technologies and Asian Energy Services hit the upper circuit while Sakuma Exports and Reliance Power hit the lower circuit today
Domestic equity bourses, NIFTY50 and SENSEX, were trading in the green, both advancing by 0.06%. Nifty Midcap 100 index and Nifty Smallcap 100 index are in green increasing by 0.45% and 0.72%, respectively.
On the NSE, 94 stocks hit the upper price band (Upper Circuit), and 34 stocks hit the lower price band (Lower Circuit).
Here is the list of stocks (market cap above ₹1,000 crore) locked in upper and lower circuits in today’s trading session.
Stocks hitting the upper circuit on Tuesday (August 27, 2024)
Websol Energy System Ltd
The company's financial results for Q1FY25 stand at ₹111.83 crore from ₹0.3 crore in Q1FY24. PAT has increased from a net loss of ₹5 crore in Q1FY24 to ₹22.88 crore. Q1FY25 was the company's first quarter where it has clocked revenue more than ₹100 crore and PAT more than ₹20 crore in the last 13 quarters.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 111.83 | 25.69 | 0.3 | 37176.67% | 335.31% |
| PAT | 22.88 | -58.57 | -5 | - | - |
Zen Technologies Ltd
The company designs, develops, and manufactures combat training solutions and counter-drone solutions for defence and security forces. It is actively involved in the indigenization of technologies that benefit Indian armed forces, state police forces, and paramilitary forces. The company has a market capitalisation of ₹15,900 crore. Over the past year, its shares have climbed by 133%.
Asian Energy Services Ltd
Recently the company has declared financial results for Q1FY25. In the quarter, it reported a 26.11% increase in total income from ₹48.76 crore in Q1FY24 to ₹61.49 crore. PAT has increased from a net loss of ₹3.03 crore in Q1FY24 to ₹2.06 crore. The total order book as of Q1FY25 is at ₹1,022 crore, where 61% is attributable to infra or CHP, 34% to operations and maintenance and 5% to seismic.
Asian Energy Services is an oilfield service and reservoir imaging company, offering a suite of geophysical services specialising in land and well seismic services and operation and maintenance services for oilfields. It is one of the few companies providing end-to-end services in the upstream oil segment. The company has a market capitalisation of ₹1,800 crore. Over the past year, its shares have climbed by 203%.
| (₹ in crores) | Growth | ||||
|---|---|---|---|---|---|
| Particulars | Q1FY25 | Q4FY24 | Q1FY24 | YoY | QoQ |
| Total Income | 61.49 | 119.55 | 48.76 | 26.11% | -48.57% |
| PAT | 2.06 | 14.67 | -3.03 | - | -85.96% |
Stocks hitting the lower circuit on Tuesday (August 27, 2024)
Sakuma Exports Ltd
Sakuma Exports is engaged in buying, processing, marketing, and exporting bulk agricultural commodities like sugar, edible oils, oil seeds, pulses, cotton, etc. It also offers innovative financial structured products linked to physical commodities. The company has a market capitalisation of ₹1,012 crore.
Reliance Power Ltd
Reliance Power has been established to develop, construct and operate power projects both in India as well as internationally. The company on its own and through its subsidiaries has a large portfolio of power generation capacity, both in operation as well as capacity under development. The company has a market capitalisation of ₹12,500 crore.
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