Today, four stocks hit their 20 percent daily limit, indicating strong investor interest in small, fast-growing companies. This surge suggests that investors are increasingly willing to take risks and see potential in undervalued sectors. However, such rapid gains can be volatile, so investors should proceed with caution and conduct thorough research before making any decisions.
Here is a list of stocks that hit their 20 percent upper circuit limit:
Jayaswal Neco Industries Limited
Jayaswal Neco Industries Limited, founded in 1972, is one of India’s leading manufacturers of iron and steel castings. It serves diverse industries such as automotive, power, railways, and heavy engineering. The company has an integrated steel plant in Raipur and produces specialty steels like hot-rolled bars and wire rods.
With a market capitalization of Rs. 4,114.12 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 42.37 per share on Monday, up from its previous closing price of Rs. 35.31 per share.
Positron Energy Limited
Positron Energy Limited is a company that focuses on the distribution of coal-bed methane and natural gas. Founded in 2008, the company also provides LNG distribution, dual fuel conversion kits, and engineering consulting services. It serves both domestic and international markets, including exports to countries like Saudi Arabia and Rwanda.
With a market capitalization of Rs. 294.48 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 387.45 per share on Monday, up from its previous closing price of Rs. 322.90 per share.
DU Digital Global Ltd
DU Digital Global Ltd is a digital services provider specializing in government digital partnership solutions, such as visa services and company formation assistance. The company aims to simplify administrative processes for clients by offering comprehensive digital solutions. It operates across various sectors, including technology and e-commerce.
With a market capitalization of Rs. 376.44 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 54.00 per share on Monday, up from its previous closing price of Rs. 45.00 per share. Since then, the stock has retreated and is currently trading at Rs. 53.95 per equity share.
Shiva Mills Limited
Shiva Mills Limited is a textile manufacturing company based in Coimbatore, primarily producing 100% cotton yarn and fabric. Established in 2015, the company caters to the knitting industry and operates in spinning, weaving, and finishing. It aims to be a significant player in the textile sector with high-quality products.
With a market capitalization of Rs. 67.94 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 88.32 per share on Monday, up from its previous closing price of Rs. 73.60 per share. Since then, the stock has retreated and is currently trading at Rs. 78.62 per equity share.
Written by Sridhar J
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