Indian Stock Market Update: Top 5 Gainers and Losers

Locked stocks exceed ₹1000 crore

The domestic equity markets, NIFTY50 and SENSEX, are trading slightly lower, down by 0.10% and 0.01%, respectively. Additionally, both the Nifty Midcap 100 and Nifty Smallcap 100 indices are in negative territory, with declines of 0.58% and 0.15%.

On the NSE, 74 stocks have hit their upper price limits (Upper Circuit), while 35 stocks have reached their lower price limits (Lower Circuit).

Below is a list of stocks with a market capitalization exceeding ₹1,000 crore that are currently locked in upper circuits during today’s trading session.

Indian Stock Market Update: Top 5 Gainers and Losers Reliance Power shares hit a 5% upper circuit, reaching a new 52-week high of ₹42.06 during Wednesday’s early session. This surge follows the company’s announcement of a preferential issue of 46.2 crore equity shares, valued at ₹1,524.60 crore at ₹33 per share. The issue will be offered to promoter Reliance Infrastructure Ltd and non-promoter entities, Authum Investment and Infrastructure Ltd, and Sanatan Financial Advisory Services Private Ltd (Sanjay Kothari and Meenakshi Sanjay Kothari).

Reliance Power stated it is now free of bank debt on a standalone basis and is gearing up for growth, particularly in the renewable energy sector, through direct initiatives and its special-purpose vehicles and subsidiaries. Last week, the company was released from its corporate guarantees and obligations tied to ₹3,872.04 crore in debt from its subsidiary Vidarbha Industries Power Limited (VIPL), having settled all disputes with CFM Asset Reconstruction Private Limited (CFM). VIPL’s shares were pledged to CFM in exchange for the discharge of Reliance Power’s corporate guarantees.

Reliance Power focuses on developing, constructing, and operating power projects both domestically and internationally. The company, with a market capitalization of ₹16,800 crore, has seen its shares rise by 122% over the past year.

Indian Stock Market Update: Top 5 Gainers and Losers On Wednesday, Servotech Power Systems shares hit a 5% upper circuit, reaching a new 52-week high of ₹201.58. The company, known for its tech-enabled EV charging solutions, leverages over two decades of expertise in the electronics industry.

On September 23, Servotech announced a preferential issue of warrants that are convertible into equity shares. The issue includes 58,50,000 warrants priced at ₹167.40 per warrant, with a total value of up to ₹97.92 crore. The company currently has a market capitalization of ₹4,500 crore, and its stock has surged by 160% over the past year.

Indian Stock Market Update: Top 5 Gainers and Losers KPI Green Energy shares hit the 5% upper circuit at ₹901.30 during Wednesday’s early session. Based in Gujarat, the company specializes in renewable energy, focusing on the development, ownership, and operation of solar power plants as both Independent Power Producers (IPP) and Captive Power Producers (CPP).

Recently, rating agency ICRA upgraded the company’s long-term rating from A- to A, while reaffirming its short-term rating and shifting the outlook from stable to positive. KPI Green Energy reported impressive financial performance for Q1FY25, with consolidated total income growing by 83.58%, from ₹190.57 crore in Q1FY24 to ₹349.85 crore, and PAT increasing by 98.77%, from ₹33.26 crore to ₹66.11 crore.

The company’s order book stands at over 2,327 MW, with 1,260+ MW in the IPP segment and 1,067+ MW in the CPP segment. KPI Green Energy’s market capitalization is ₹11,560 crore, and its shares have surged by 220% over the past year.

Indian Stock Market Update: Top 5 Gainers and Losers Unitech shares reached the 5% upper circuit limit, trading at ₹12.68 during Wednesday’s early session. Founded in 1971, Unitech operates in real estate, power transmission, and hospitality sectors.

On September 19, the company announced the acquisition of 9,37,500 equity shares with a face value of ₹10 each, purchasing them at a premium of ₹150 per share from Unitech Holdings Limited (UHL), its wholly-owned subsidiary. UHL is registered as a Non-Banking Financial Company (NBFC) with the Reserve Bank of India (RBI).

Unitech currently has a market capitalization of ₹3,300 crore, and its shares have surged by 289% over the past year.