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  5. Upper circuit stocks: NACL Industries and Kernex Microsystems are locked in upper circuit; here's why

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Upper circuit stocks: NACL Industries and Kernex Microsystems are locked in upper circuit; here's why

Upstox
By Upstox News Desk

2 min read | Updated on April 02, 2025, 13:22 IST

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SUMMARY

Indian benchmark indices recouped partial losses of Tuesday as NIFTY50 and SENSEX jumped 114 and 500 points, respectively, on Wednesday. 167 stocks were locked in the upper circuit as against 78 in the lower circuit.

Stock list

NACLIND
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KERNEX
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Upper circuit stocks today: Here’s why NACL Industries and Kernex Microsystems are locked in upper circuit

Upper circuit stocks today: Here’s why NACL Industries and Kernex Microsystems are locked in upper circuit | Image: Shutterstock

NIFTY and SENSEX rebounded in today's trading session on account of buying by fund and retail investors. Meanwhile, broader indices were also trading in green with BSE Mid cap index and Small cap index gaining in the range of 0.30-0.65%. Hectic buying in Indusind Bank, Maruti Suzuki, Tech Mahindra, Titan and Bharti Airtel companies’ stocks helped the markets to maintain their gains

The broader market strength remains in favour of bulls as 1,886 stocks traded in green as against 782 in the red. Similarly,167 stocks hit the upper circuit levels, and 78 hit the lower circuit levels on Wednesday.

Here’s why shares of NACL Industries and Kernex Microsystems are locked in the upper circuit

NACL Industries

NACL Industries share price hit 10% upper circuit on Wednesday at ₹123 apiece on the NSE. The shares are in focus after the Murugappa group’s Coromandel International plans to acquire a majority stake in the company. The shares have rallied 65% after the announcement of the acquisition. The rally in shares of loss-making NACL industries was largely driven by optimism around the company’s turnaround after Murugappa Group’s Coromandel International planned to acquire a controlling stake in the company.

Kernex Microsystems India

Shares of Kernex Microsytems India were locked in a 5% upper circuit at ₹859 apiece on the NSE. Kernex Microsystems (India) has received a letter of Acceptance (LoA) from North Central Railways, Prayagraj. The letter of acceptance is for the provision of KAVACH (Train Collision Avoidance System), along with a tower and 4X48 fibre OFC as a backbone on the Shuteshwar (INCL) - Dholpur (INCL) section in North Central Railway. The accepted bid cost for the project is ₹85.14 crore (Including GST at 18%). The completion period is 500 days from the date of the LoA.

The total value of all the Kavach contracts to date (from April 2024 to till date) is ₹2,470.25 crore.

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About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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