Synopsis: There have been quite a few stocks that witnessed an increase to 20 percent upper circuit during the course of the day on account of high buying pressure in particular sectors like manufacturing, chemical, IT service, logistic, and infrastructure.
The Indian markets had significant buying interest for certain counters, with some stocks hitting their 20 percent circuit limit on Monday. This was mainly on account of sector-specific momentum in manufacturing, chemicals, IT services, logistics, and infrastructure, which were indicative of high levels of participation from investors in midcap and small-cap segments.
Today, stocks are seeing significant action due to sectoral strength and buying activity on certain shares. Market mood remained upbeat with Nifty at 24,102.90, up by 0.37 percent from its last close and Nifty Smallcap 250 closing at 17,849.75, up 0.77 percent. Here are the stocks that hit upper circuit in the day’s trade
Kirloskar Oil Engines Ltd
Kirloskar Oil deals with manufacturing and engineering activities in lubrication systems and industries. The company tries to increase operational efficiency through their portfolio of products and services. It works with several industry segments like automobiles and manufacturing through a strong distribution network and continuous product development and cost-saving efforts.
With a market capitalization of Rs 34,757 crores, the shares of the company hit a 20 percent upper circuit of Rs 2,390.80 per share on Monday, up from its previous closing price of Rs 1,992.35 per share.
NOCIL Ltd
NOCIL Ltd works in the chemicals industry, mainly producing rubber chemicals used in tyres and industrial uses. The company works both domestically and internationally providing performance and durability of its products. The company enjoys a good production capacity, strong demand for its products from the automotive industry, and efficiency of processes and expansion plans.
With a market capitalization of Rs 3,185 crores, the shares of the company hit a 20 percent upper circuit of Rs 190.70 per share on Monday, up from its previous closing price of Rs 158.95 per share.
Sahara Maritime Ltd
Sahara Maritime Ltd is involved in maritime logistics and shipping activities. The company is involved in cargo transport services through efficient transport solutions. The company operates in the logistics chain serving industrial customers.
With a market capitalization of Rs 7.46 crores, the shares of the company hit a 20 percent upper circuit of Rs 24.30 per share on Monday, up from its previous closing price of Rs 20.25 per share.
P B A Infrastructure Ltd
P B A Infrastructure Ltd undertakes infrastructure development operations, such as construction and civil engineering works. The firm engages itself in the execution of projects related to roads, buildings, and other public infrastructures. P B A Infrastructure Ltd collaborates with the governments and the private sector to increase efficiency and manage costs associated with projects.
With a market capitalization of Rs 18.5 crores, the shares of the company hit a 20 percent upper circuit of Rs 13.69 per share on Monday, up from its previous closing price of Rs 11.41 per share.
Blue Cloud Softech Solutions Ltd
Blue Cloud Softech Solutions Ltd operates in IT services and solutions, focusing on digital transformation, cloud solutions and enterprise applications. The firm provides services and solutions to different industries in order to make their technology infrastructure more efficient. The emphasis lies on innovations and expansion in the IT service market.
With a market capitalization of Rs 2,000 crores, the shares of the company hit a 20 percent upper circuit of Rs 21.67 per share on Monday, up from its previous closing price of Rs 18.06 per share.
Themis Medicare Ltd
Themis Medicare Ltd is a pharmaceutical company undertaking formulation and manufacture of medicines. The company’s goal is to offer high quality medicines in various therapeutic segments. The company will benefit from the regulation of the process of manufacturing, emphasis on research and rising demand for affordable medicines.
With a market capitalization of Rs 1,096 crores, the shares of the company hit a 20 percent upper circuit of Rs 122.40 per share on Monday, up from its previous closing price of Rs 102 per share.
Odyssey Technologies Ltd
Odyssey Technologies Ltd operates in the field of software solutions, specifically IT security solutions. The firm offers solutions in the field of identity management and digital authentication. The company’s target customers are enterprises and financial institutions requiring secure technology platforms.
With a market capitalization of Rs 72.7 crores, the shares of the company hit a 20 percent upper circuit of Rs 46.08 per share on Monday, up from its previous closing price of Rs 38.40 per share.
Kalpa Commercial Ltd
Kalpa Commercial Ltd is an operating company engaged in trading and commercial activity involving different types of goods and supply chain service. Its core competencies include efficient transportation, procurement, and partnership with business partners. Kalpa Commercial Ltd operates in several markets to enhance its trade performance and increase its market share.
With a market capitalization of Rs 10 crores, the shares of the company hit a 20 percent upper circuit of Rs 9.96 per share on Monday, up from its previous closing price of Rs 8.30 per share.
Ashwini Container Movers Ltd
Ashwini Container Movers Limited is a logistics and container mover company which is involved in cargo management and transportation. This company facilitates trade operations through its road and container logistics services. The key areas of focus include delivery, efficient utilization of the fleet, and growth in the logistics and transportation industry.
With a market capitalization of Rs 246 crores, the shares of the company hit a 20 percent upper circuit of Rs 164.70 per share on Monday, up from its previous closing price of Rs 137.25 per share.
Kirloskar Industries Ltd
Kirloskar Industries Ltd is a diversified industrial company that operates in engineering, manufacturing, and real estate activities. Kirloskar Industries Ltd creates long-term value through its activities in castings, iron, and infrastructure assets. The key advantages include a well-established brand and diversified income sources within the industrial sector.
With a market capitalization of Rs 4,553 crores, the shares of the company hit a 20 percent upper circuit of Rs 4,497.95 per share on Monday, up from its previous closing price of Rs 3,748.30 per share.
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