Indian equity markets saw strong stock-specific buying on Tuesday, with eight stocks locking in their 20 percent upper circuit limits.
The gains came across sectors including auto accessories, engineering, textiles, industrial equipment, alcoholic beverages and gems & jewellery. Increased trading activity pushed these counters among the day’s top performers.
Studds Accessories hits upper circuit
Shares of Studds Accessories Limited hit the 20 percent upper circuit at Rs. 527.15, against the previous close of Rs. 439.30.
The company has a market capitalization of around Rs. 2,070 crore. It manufactures two-wheeler helmets and motorcycle accessories under the Studds and SMK brands. Its products are exported to countries in Europe, Asia and the Americas.
JNK India locks in 20% gains
JNK India Limited ended at its 20 percent upper circuit of Rs. 502. The stock had closed at Rs. 418 in the previous session.
The company is valued at about Rs. 2,781 crore. It provides process-fired heaters, reformers and cracking furnaces for the oil refining, petrochemical and fertilizer industries. It also offers engineering, procurement, manufacturing and commissioning services for thermal equipment projects.
Menon Bearings rallies sharply
Shares of Menon Bearings Limited touched the upper circuit at Rs. 170.90, up from the previous close of Rs. 142.42.
Its market capitalization stands at nearly Rs. 953 crore. The company manufactures:
- Engine bearings
- Bushings
- Thrust washers
- Precision-engineered components
These products are used in automotive and industrial applications. The company also supplies leading OEMs and export markets.
Electrotherm reaches upper circuit
Electrotherm (India) Limited hit the 20 percent upper circuit at Rs. 1,063.70. It had settled at Rs. 886.45 in the previous session.
The company has a market capitalization of around Rs. 1,321 crore. Its businesses include:
- Steel products
- Induction melting equipment
- Electric vehicles
- Engineering solutions
The company serves customers in domestic and overseas markets.
Textile stocks among gainers
Shares of Orbit Exports Limited touched the upper circuit at Rs. 222, compared with the previous close of Rs. 185.
The company is valued at around Rs. 594 crore. It manufactures and exports:
- Novelty fabrics
- Woven textiles
- Embroidered products
Its products cater to apparel, fashion, home furnishing and decorative textile segments.
Eurotex Industries and Exports Limited also locked in 20 percent gains and closed at Rs. 18.62. The stock had ended the previous session at Rs. 15.52.
The company has a market capitalization of nearly Rs. 17 crore. It manufactures cotton yarn and textile products for domestic and export markets.
Grand Oak Canyons Distillery gains 20%
Shares of Grand Oak Canyons Distillery Limited hit the upper circuit at Rs. 32.49, up from Rs. 27 previously.
The company has a market capitalization of around Rs. 1,697 crore. It is involved in the production, marketing and distribution of liquor products. It operates in the Indian spirits market through multiple brands and distribution channels.
Amrapali Industries closes at upper circuit
Amrapali Industries Ltd ended at Rs. 25.33, its 20 percent upper circuit level. The stock had closed at Rs. 21.11 in the previous session.
The company is valued at approximately Rs. 130 crore. It trades in:
- Precious metals
- Jewellery
- Diamonds
- Related products
The company operates across bullion and gems segments and serves wholesale as well as retail customers.
Stocks that hit the 20% upper circuit on Tuesday
| Company | Upper Circuit Price | Previous Close | Market Cap |
|---|---|---|---|
| Studds Accessories Limited | Rs. 527.15 | Rs. 439.30 | Rs. 2,070 crore |
| JNK India Limited | Rs. 502 | Rs. 418 | Rs. 2,781 crore |
| Menon Bearings Limited | Rs. 170.90 | Rs. 142.42 | Rs. 953 crore |
| Electrotherm (India) Limited | Rs. 1,063.70 | Rs. 886.45 | Rs. 1,321 crore |
| Orbit Exports Limited | Rs. 222 | Rs. 185 | Rs. 594 crore |
| Eurotex Industries and Exports Limited | Rs. 18.62 | Rs. 15.52 | Rs. 17 crore |
| Grand Oak Canyons Distillery Limited | Rs. 32.49 | Rs. 27 | Rs. 1,697 crore |
| Amrapali Industries Ltd | Rs. 25.33 | Rs. 21.11 | Rs. 130 crore |
TL;DR:
Eight stocks from sectors such as engineering, textiles, auto accessories and liquor hit their 20 percent upper circuit limits on Tuesday amid strong stock-specific buying.
AI summary:
- Eight stocks locked in their 20% upper circuits on Tuesday.
- Studds Accessories closed at Rs. 527.15.
- JNK India touched Rs. 502.
- Textile stocks Orbit Exports and Eurotex Industries were among the gainers.
- Grand Oak Canyons Distillery and Amrapali Industries also ended at upper circuit limits.
