Six stocks touched their 20 percent upper circuit today, indicating robust investor interest in firms with strong growth prospects. While these points offer opportunities in undervalued sectors, these stocks are often volatile, so investors should approach them with caution and perform careful research.
Here’s the list of stocks that hit a 20% upper circuit:
1. Jindal Photo Limited
Jindal Photo Limited is among India’s leading manufacturers of photographic and related products. The company produces photographic paper and films, offering a diverse range of items including color roll films, cameras, photographic color paper, medical X-ray films and equipment, cine color positive films, and photo processing equipment.
With a market capitalization of Rs.1,423.86 crores, saw its shares rise 20 percent on Thursday, hitting the upper circuit at Rs.1,388 per share, up from the previous close of Rs.1,156.70.
2. Nagreeka Capital & Infrastructure Limited
Nagreeka Capital & Infrastructure Ltd is in the business of trading in shares and securities, derivatives, etc. With a market capitalization of Rs.44.54 crores, saw its shares rise 20 percent on Thursday, hitting the upper circuit at Rs.35.31 per share, up from the previous close of Rs.29.43.
3. Nikita Papers Limited
Nikita Papers Limited is a prominent Indian manufacturer specializing in eco-friendly recycled kraft paper. Established in 1992, the company has significantly expanded its production capacity from 3,000 tonnes per annum to over 133,000 tonnes per annum, catering to both domestic and international markets.
With a market capitalization of Rs.337.83 crores, saw its shares rise 20 percent on Thursday, hitting the upper circuit at Rs.136.95 per share, up from the previous close of Rs.114.15.
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4. GM Breweries Limited
G.M. Breweries Limited is a prominent Indian company specializing in the production and marketing of alcoholic beverages, including Country Liquor and Indian Made Foreign Liquor. It has grown to become the largest manufacturer of country liquor in Maharashtra, with a significant market share in the state.
With a market capitalization of Rs.2,047 crores, saw its shares rise 20 percent on Thursday, hitting the upper circuit at Rs.916 per share, up from the previous close of Rs.896.
5. Alkali Metals Limited
Alkali Metals Limited is an Indian chemical manufacturer specializing in specialty chemicals, pharmaceutical intermediates, and fine chemicals.The company has over five decades of expertise in chemical innovation and manufacturing.
With a market capitalization of Rs.102.89 crores, saw its shares rise 20 percent on Thursday, hitting the upper circuit at Rs.107.38 per share, up from the previous close of Rs.101.05.
6. Jindal Poly Investment & Finance Company Limited
Jindal Poly Investment & Finance Company Limited is an Indian holding company that focuses on investing in and holding stakes in its subsidiary companies, with a significant emphasis on the power sector.
With a market capitalization of Rs.1,081.94 crores, saw its shares rise 20 percent on Thursday, hitting the upper circuit at Rs.1,110.30 per share, up from the previous close of Rs.925.25.
Written by Jhanavi Sivakumar
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