Domestic benchmarks BSE Sensex and NSE Nifty50 opened lower on Thursday amid largely negative cues from global markets. Losses in IT shares led the headline indices lower. The Sensex was at 60,832.20 points, down 0.38% and the Nifty was at 18,102.65 points, down 0.35% at 02:38 PM on Thursday.
Here are three stocks that hit the 20% upper circuit, in an otherwise weak market:
Remedium Lifecare Ltd
Remedium Lifecare is in the business of trading in advanced pharmaceutical intermediates and other pharma products. It trades and sells API intermediates (KSMs & CRMs) and various other raw materials used in API trading to innovator and generic pharmaceutical players in domestic and international markets.
The company’s share price increased to ₹ 168.90 on Wednesday against its closing price of ₹ 140.75 on Wednesday and hit the 20% upper circuit. It has a market capitalization of ₹ 51 crores and is a microcap company.
MRO-TEK Realty Ltd
MRO-TEK Realty manufactures, supplies and distributes access and networking equipment & solutions. In addition, it is in the real estate business.
The company’s share price increased to ₹ 69.75 apiece against its closing price of ₹ 58.15 on Wednesday and hit the 20% upper circuit. It has a market capitalization of ₹ 109 crores and is a microcap company.
Vaswani Industries Ltd
Vaswani Industries was established with the objective of manufacturing sponge iron, steel billets and captive power generation. Currently, it is in the business of iron & steel, power, real estate and agri division.
The company’s share price increased to ₹ 25.30 apiece against its closing price of ₹ 21.10 on Wednesday and hit the 20% upper circuit. It has a market capitalization of ₹ 63 crores and is a microcap company.
Written by Simran Bafna
