Synopsis:
Several stocks witnessed their price bands widened to 20 percent by exchanges to boost liquidity, reflecting sustained investor interest and strong price momentum across sectors.
Investor sentiment turned upbeat on Wednesday as several stocks saw their daily price movement limits widened by the exchanges. The revision, which raised the permissible price bands from 5–10 percent to 20 percent for select counters, is aimed at improving liquidity and accommodating heightened trading activity in companies that have shown strong price momentum and consistent investor interest in recent months.
1. Garden Reach Shipbuilders & Engineers Ltd (GRSE)
Incorporated in 1934, Garden Reach Shipbuilders & Engineers Ltd is primarily engaged in the construction of warships and associated engineering works. Its business portfolio spans shipbuilding, engineering, diesel engines, and ship repair segments.
While the company caters to both defence and civil sectors, the majority of its supplies are for the Indian Defence Services, including the Indian Navy, Indian Coast Guard, Indian Army, and Border Roads Organisation. The company’s presence extends across India through defence channels and has also established an international footprint.
The company holds a market capitalization of Rs. 30,904.98 crore, with shares currently trading at Rs. 2,697.90. The stock trades at a price-to-earnings (PE) ratio of 55.1, compared to the industry average of 71.2. Over the past six months, the stock has delivered an impressive return of 72.37 percent. Its price band has been revised from 10 percent to 20 percent.
2. Lumax Auto Technologies Ltd
Lumax Auto Technologies Ltd, through its subsidiaries, manufactures a comprehensive range of automotive components including advanced plastic parts, 2/3-wheeler lighting systems, chassis, gear shifters, shift towers, emission systems, seat frames, oxygen sensors, and CNG delivery systems.
It is a market leader in the design, testing, and manufacturing of gear shifters and interior solutions in India. With 30 manufacturing facilities across major auto clusters, the company maintains a strong pan-India distribution network and serves top clients such as Mahindra & Mahindra, Bajaj Auto, Maruti Suzuki, Honda Motorcycles, Tata Motors, Daimler India, and Volkswagen.
The company holds a market capitalization of Rs. 8,459.39 crore, with the stock trading at Rs. 1,241.15. Lumax Auto’s PE ratio stands at 45.2, higher than the industry average of 30. Over the last six months, the stock has surged by 144.36 percent. The price band for the stock has now been widened from 10 percent to 20 percent.
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3. Senco Gold Ltd
Senco Gold Ltd is one of India’s leading jewellery retailers with a legacy of over 85 years. It operates the largest organized retail presence in Eastern India and, as of June 2025, manages 186 showrooms across India and Dubai through both company-owned and franchise models.
The company’s design-led portfolio includes over 182,600 gold jewellery designs and 104,200 diamond designs, crafted in-house by skilled artisans. Senco is widely recognized for its brand trust, craftsmanship, and customer experience, and has received multiple industry awards for excellence.
The company holds a market capitalization of Rs. 5,566.42 crore, with shares trading at Rs. 340. The stock’s PE ratio is 25.8, slightly below the industry average of 29.4. Over the last six months, Senco Gold has generated a return of 12.22 percent. The company’s price band has been revised upward from 10 percent to 20 percent.
4. Jaiprakash Power Ventures Ltd (JPVL)
Incorporated in 1994 as part of the Jaypee Group, Jaiprakash Power Ventures Ltd (JPVL) focuses on power generation through both hydro and thermal energy projects. The company operates a 400 MW hydropower project in Vishnuprayag, Uttarakhand, along with two major thermal power projects in Madhya Pradesh—the 1,320 MW Nigrie plant and the 500 MW Bina plant. Listed on the NSE and BSE since 2005, JPVL remains a key player in India’s independent power generation segment.
The company holds a market capitalization of Rs. 12,301.96 crore, with shares currently priced at Rs. 17.93. Its PE ratio stands at 16.5, considerably lower than the industry average of 28.9. The stock has delivered a six-month return of 23 percent, and its price band has been increased from 5 percent to 20 percent.
Written By Manan Gangwar
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