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:
Pasupati Acrylon Ltd
Pasupati Acrylon Ltd is indeed a prominent manufacturer of acrylic fibers and yarn in India. The company is involved in the production of various textile products, particularly acrylic fibers, which are used in textiles, apparel, and home furnishings.
With a market capitalization of Rs. 453.33 crores, saw its stock surge by 20 percent, hitting an upper circuit of Rs. 51.25 per share on Tuesday, up from its previous closing price of Rs. 42.71 per share.
Italian Edibles Ltd
Italian Edibles Limited offers a diverse selection of confectionery items, including Rabdi (Meethai Sweet), milk paste, chocolate paste, lollipops, candies, jelly sweets, multigrain puffed buns, and fruit-based products, all marketed under its OfCour’s brand.
With a market capitalization of Rs. 53.94 crores, saw its stock surge by 20 percent, hitting an upper circuit of Rs. 37.35 per share on Tuesday, up from its previous closing price of Rs. 31.15 per share. Since then, the stock has retreated and is currently trading at Rs. 36.50 per equity share.
M M Rubber Co Ltd
M M Rubber Co. Ltd specializes in manufacturing mattresses, cushions, and pillows. The company is known for producing high-quality comfort products and caters to the needs of the bedding and home goods industry.
With a market capitalization of Rs. 57.12 crores, saw its stock surge by 20 percent, hitting an upper circuit of Rs. 94.14 per share on Tuesday, up from its previous closing price of Rs. 78.45 per share.
Aadi Industries Ltd
Aadi Industries is involved in the trading and manufacturing of plastic products. The company primarily deals in plastic raw materials, which are categorized into commodity, engineering, and specialty plastics.
With a market capitalization of Rs. 5.99 crores, saw its stock surge by 20 percent, hitting an upper circuit of Rs. 6.31 per share on Tuesday, up from its previous closing price of Rs. 5.26 per share. Since then, the stock has retreated and is currently trading at Rs. 5.99 per equity share.
Written by Sridhar J
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