Stock Market Today: 15 BSE-Listed Shares Hit Upper Circuit – Do You Own Any?
Shares Hit Upper Circuit : The Indian stock market witnessed a day of mixed movements as 15 BSE-listed stocks hit their upper circuit on Tuesday, despite ongoing volatility. Investors saw a rebound in key indices, with IT stocks providing much-needed support amid weakness in consumer stocks.
Let’s take a closer look at the market’s performance today, the stocks that surged, and whether you own any of these gainers.
Stock Market Recap: A Day of Recovery
Tuesday’s trading session began on a negative note, with both Sensex and Nifty 50 opening in the red and extending losses up to 0.70%. However, the market saw a turnaround, rebounding from intraday lows as buying interest emerged in beaten-down stocks.
- Nifty 50 recovered 137 points from its lowest point to close at 22,945, recording a 0.06% decline from the previous session.
- Sensex rebounded 491 points during the session and ended at 75,967, marking a 0.04% gain.
- The broader market saw mixed action, with Nifty Midcap100 dropping 0.2% and Nifty Smallcap100 falling 1.6%.
According to market experts, the recovery was largely driven by technical rebounds, with investors taking advantage of oversold conditions. IT stocks led the gains, while Oil & Gas stocks also witnessed buying interest.
“The Nifty50 index has been finding strong support at 22,800 for the past five sessions. Buying interest is evident at lower levels, signaling resilience in the market,” said Siddhartha Khemka, Head of Research, Motilal Oswal Financial Services.
15 Stocks That Hit Upper Circuit on BSE
Amid the volatile market conditions, 15 stocks from the Bombay Stock Exchange (BSE) hit their upper circuit on Tuesday, signaling strong buying momentum. Here’s the list of top gainers:
| Stock Name | Last Traded Price (₹) | Upper Circuit (%) |
|---|---|---|
| Mangalam Organics Ltd | 735.50 | 5% |
| Manoj Ceramic | 61.80 | 10% |
| Bodhi Tree Multimedia | 69.00 | 5% |
| Shekhawati Industries | 9.30 | 5% |
| Orient Press | 43.20 | 5% |
| Shashijit Infraprojects | 7.45 | 10% |
| Priya Ltd | 18.65 | 5% |
| Ken Financial Services | 36.20 | 5% |
| Jay Bharat Credit | 23.85 | 5% |
| Universal Office Automation | 12.60 | 5% |
| Checkpoint Trends | 21.10 | 5% |
| Epsom Properties | 13.95 | 5% |
| Mudunuru | 10.40 | 5% |
| MKP Mobility | 25.60 | 5% |
| Jyoti Infraventures | 11.20 | 5% |
These stocks saw significant buying interest, hitting their daily price limits. If you own any of these, you might have seen a positive move in your portfolio today!
Financial Ratios of Top Upper Circuit Stocks
For investors looking to analyze these stocks fundamentally, here are some key financial ratios:
| Stock Name | P/E Ratio | P/B Ratio | ROE (%) | Debt/Equity Ratio |
|---|---|---|---|---|
| Mangalam Organics Ltd | 12.5 | 2.1 | 18.7 | 0.32 |
| Manoj Ceramic | 8.7 | 1.5 | 14.2 | 0.25 |
| Bodhi Tree Multimedia | 15.2 | 1.8 | 12.4 | 0.40 |
| Shekhawati Industries | 9.4 | 0.9 | 10.1 | 0.30 |
| Orient Press | 10.8 | 1.3 | 15.6 | 0.35 |
These ratios provide insights into valuation (P/E ratio), asset efficiency (P/B ratio), profitability (ROE), and financial stability (Debt/Equity ratio).
Market Outlook: What’s Next?
The stock market has been experiencing high volatility due to global economic uncertainties, fluctuating oil prices, and changing investor sentiment. However, today’s session highlights that buyers are stepping in at lower levels, leading to selective stock recoveries.
Experts believe that while the short-term trend remains uncertain, stocks with strong fundamentals could continue to see positive momentum.
“Investors should focus on quality stocks with strong earnings growth. The broader trend in IT and energy sectors remains favorable,” added Khemka.
Key Takeaways for Investors
- Market Recovers: Despite an initial dip, Nifty and Sensex closed near flat, indicating resilience.
- Stock-Specific Gains: 15 stocks hit the upper circuit, showing selective buying interest.
- Sector Rotation: IT and Oil & Gas stocks attracted investors, while consumer stocks lagged.
- Opportunities Ahead: Stocks at oversold levels could provide good entry points for long-term investors.
As markets remain dynamic, investors should focus on risk management and diversify their portfolios to navigate fluctuations effectively.
Do you own any of these upper circuit stocks? Let us know in the comments!
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.