Upper circuits indicate strong sentiments from investors along with potential growth opportunities. Naturally, shares in their upper circuit appeal to market watchers. We have curated this list of 10 popular companies that have consistently hit upper circuits. Based on your investment strategy, you may consider including some of them in your portfolio.
Companies with Shares with Upper Circuit to Check Out
If you are looking for a consistent growth trajectory, look out for these
shares with upper circuit (as of Sept 2024).
1. Radico Khaitan- CMP: 2,002.85
- Market Cap: INR 26,794 crore
Radico Khaitan is a leading player in the alcoholic beverages industry in India. It is known for its premium brands like Magic Moments vodka and 8 PM whisky. The company has attracted investors consistently with its robust distribution network and innovative marketing strategies.
2. PNB Housing Finance- CMP: INR 990.70
- Market Cap: INR 25,220.19 crore
PNB Housing Finance is a prominent name in the Indian housing finance sector. The shares of this company have been consistently rising in value, thanks to the company’s focus on affordable housing. It has disbursed large volumes of loans to property buyers in the last few months.
3. Netweb- CMP: INR 2,772.40
- Market Cap: INR 15,321 crore
A prominent player in the IT services sector, Netweb Technologies has been gaining traction with its innovative solutions and expanding global footprint. It specializes in cloud services, data analytics, and cybersecurity. In recent years, the company has positioned itself as a leading business rapidly expanding its digital infrastructure.
4. Dalmia Sugar- CMP: INR 474.15
- Market Cap: INR 3,827 crore
Dalmia Sugar is a leading company in the sugar and ethanol industry. In recent months, it has benefited significantly from favorable government policies and rising demand for ethanol-blended fuels.
5. Swaraj Engines- CMP: INR 3,332.45
- Market Cap: INR 4,062.4 crore
Swaraj Engines is a top manufacturer of diesel engines for agricultural applications. It has shown a strong growth trajectory, focusing on innovation and quality. The company has built a loyal customer base among farmers. With its strategic partnerships and commitment to sustainability, it has strengthened its market position.
6. Chola Invest- CMP: INR 1,486.30
- Market Cap: INR 1,24,946 crore
This company has established itself as a leading player in the NBFC sector. It offers a wide range of financial products, including vehicle finance, home loans, and SME loans. The prudent risk management practices of the company and strong relations with customers led to its impressive growth.
7. Bansal Wires - CMP: INR 438.70
- Market Cap: INR 6,762 crore
One of the leading manufacturers of high-quality wires and cables, Bansal Wires has witnessed a surge in demand due to growing construction activities in India. With the growth of infrastructure, the company has shifted its focus on product innovation and expanding into new markets.
8. Geojit Fin- CMP: INR 151.21
- Market Cap: INR 3,253.56 crore
Geojit Financial Services is a leading brokerage firm, leading the financial service sector in India. Incorporating advanced technologies, it significantly enhances customer experience.
9. Arihant Capital: - CMP: INR 94.09
- Market Cap: INR 986 crore
An established investment advisory firm, Arihant Capital has progressed rapidly with its client-centric approach and comprehensive financial services. Its growth is driven by its focus on research-driven investment strategies and personalized advisory services.
10. Indiabulls Ent.- CMP: INR 13.17
- Market Cap: INR 275 crore
Although this company has a limited market capitalization, it has made waves in the stock market with its diverse business interests. It ranges from real estate to financial services. The strategic moves of the company, including divestments and new ventures, led to its strong performance in 2024.
Conclusion
While several other companies have hit upper circuits in 2024, we have shortlisted only the ones with strong growth potential. This consistency reflects the confidence of investors and strong business fundamentals.
While these stocks have a good growth potential, it is very important to analyse their fundamentals and technicals using a good
stock market app that can help you make informed decisions. Happy Investing!
