5 Small Cap Stocks Hitting Up To 20% Upper Circuit

In the morning trade on Monday, five stocks hit a nearly 20% circuit. The companies are PTC Industries, Akar Auto Industries, Urja Global, Maiden Forgings, and KP Energy. The details are given below.

The rally in these stocks was led by strong gains in the broader market. The BSE Sensex index rose 112.35 points, or 0.18%, to close at 62,737.98 points. These stocks hit upper circuits due to a variety of factors, including positive news flow. The rally in these stocks is likely to continue in the near term as the broader market remains strong. However, investors should be cautious of profit-booking in the coming sessions.

Here are 5 stocks that hit the upper circuit:

PTC Industries

PTC Industries is a small-cap company that manufactures customised high alloy castings for application in oil & gas, power and marine sectors. It was incorporated in 1999 that provides power trading solutions, cross-border power trading, and consultancy services. It has a market capitalisation of Rs 4,915.04 crores.

Akar Auto Industries

Akar Auto Industries is a small-cap company incorporated in 1989, operating in the engineering sector engaged in the manufacture and export of high-quality precision-engineered hand tools to Europe, the USA, Japan, Australia, and many other countries worldwide. The company's product range includes spanners/wrenches, carpenter / striking tools, automotive / construction aprons, packaging & electrical/electronic tools. The company is also in the business segment of hand tools, and leaf springs. It has a market capitalisation of Rs 607.66 crores. The stock hit an upper circuit of 19.32% at Rs 115.95 per share.

Urja Global

Urja Global, a smallcap company, has entered into an agreement with Tesla Power India for the manufacturing and supply of batteries under the Tesla Power USA brand. The company will be the manufacturer and supplier partner of batteries in India. It has a market capitalisation of Rs 669.43 crores. The stock of the company hit an upper circuit of 19.96% at Rs 12.74 per share.

Maiden Forgings

Maiden Forgins is a small-cap company that was listed on BSE on March 2023. The company was incorporated in 1989 that specializes in all types of Bright steel bars, stainless steel bright bars & all grades of steel wires. It has a market capitalisation of Rs 148.77 crores. The stock of the company hit an upper circuit of 19.99% at Rs 104.68 per share.

KP energy

KP Energy Limited is Gujarat's prominent balance of plant solution provider in the Wind Industry engaged, from conceptualization to the commissioning of a wind energy project. It has a market capitalisation of Rs 607.66 crores. The stock of the company hit an upper circuit of 10% at Rs 273.35 per share.

Disclaimer

Please note that the above-mentioned data that the stock price has grown should be treated as purely informational and not an advisory to investing. These should not be construed as recommendations to either hold, buy, or sell in the stocks listed above. We have not done any detailed fundamental analysis, hence caution should be exercised while investing. Neither Greynium Information Technologies nor the author would be held responsible for the losses incurred due to any decision taken based on this write-up.