354 stocks locked in upper circuit | IFCI, MMTC, STC, Suzlon, Raymond
IFCI
MMTC
State Trading Corporation of India (STC India)
Suzlon Energy
Raymond
Shakti Pumps (India)
Heritage Foods
BSE Sensex
Black Box
Swan Energy
Aurionpro Solutions
Jai Balaji Industries
Ramco Systems
PC Jeweller
Suraj Estate Developers
Reliance Power
Apollo Micro Systems
BSE Smallcap Index
Upper Circuit
Suzlon Q1FY25 Results
EBITDA
Wind Energy
Shakti Pumps India
Solar Pumps
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IFCI, MMTC, STC India, Suzlon Energy, Raymond, Shakti Pumps, and Heritage Foods were among 354 stocks locked in the upper circuit on the BSE on Wednesday at 2:18 pm, despite a weak market. The BSE Sensex was down 0.56% at 79,981.
Black Box, Swan Energy, Aurionpro Solutions, Jai Balaji Industries, Ramco Systems, PC Jeweller, Suraj Estate Developers, Reliance Power, and Apollo Micro Systems from the BSE Smallcap index were also locked at the 5% upper circuit.
Among individual stocks, IFCI (Rs 84), MMTC (Rs 102.60), and STC India (Rs 203.40) were frozen at the 20% upper circuit on the BSE. Suzlon Energy’s shares hit the upper circuit for the second straight day, rising 5% to Rs 60.71, following strong Q1FY25 results with the highest EBITDA in 7 years at Rs 370 crore. The stock traded at its highest level since April 2011, with a 662% increase in the past 15 months.
In Q1FY25, Suzlon’s revenue surged 50% YoY to Rs 2,021 crore, and its order backlog reached 3817 MW. The company reported a three-fold increase in net profit to Rs 302.29 crore, with EBITDA margins at 18.4%. Suzlon is India’s leading wind energy service provider with over 14.8 GW in wind energy assets and 6 GW installed capacity outside India.
Shakti Pumps (India) shares were locked in the upper circuit for the third straight day, up 5% at Rs 4,514.80, after Q1FY25 profit jumped to Rs 92.6 crore from Rs 1.0 crore YoY. EBITDA increased to Rs 135.9 crore, with a margin of 23.9%. Revenue soared 402% YoY to Rs 567.6 crore. The company maintains a healthy order book of Rs 2,000 crore and expects more orders from state governments for solar pumps.
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