20% Upper Circuit: Goyal Aluminiums and 7 other stocks that saw huge buying interest

Synopsis: Today, many stocks surged by 20%, signalling strong investor interest in small, fast-growing companies, which include Shankara Building Products, Indbank Merchant Banking Services, Manaksia Aluminium Company and others

Today, several stocks have hit their 20 percent daily limit, indicating strong investor interest in small, fast-growing companies. This surge suggests that investors are increasingly willing to take risks and see potential in undervalued sectors. However, such rapid gains can be volatile, so investors should proceed with caution and conduct thorough research before making any decisions.

Here is a list of a few stocks that hit their 20 percent upper circuit limit:

Shankara Building Products Limited

Shankara Building Products Limited (Shankara Buildpro) is a leading Indian organized retailer and omnichannel marketplace for home improvement and construction materials, offering a vast range of products from steel, roofing, and plumbing to tiles and electricals, operating through numerous stores and fulfilment centres across India.

With a market capitalization of Rs. 309.91 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 127.80 per share on Tuesday, up from its previous closing price of Rs. 106.50 per share. 

Indbank Merchant Banking Services Limited

Indbank Merchant Banking Services Ltd., a subsidiary of Indian Bank, provides a range of financial services including merchant banking, stock broking, and depository services. Registered with SEBI as a Merchant Banker, it helps clients with capital raising, IPOs, and portfolio management. 

With a market capitalization of Rs. 185.50 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 41.80 per share on Tuesday, up from its previous closing price of Rs. 34.84 per share. 

Manaksia Aluminium Company Limited

Manaksia Aluminium Company Limited (MALCO) is the flagship entity of the Manaksia Group, a leading Indian manufacturer of value-added aluminium rolled products like coils, sheets (plain, roofing, colour-coated, flooring) and special alloy ingots for construction, packaging, and automotive sectors.

With a market capitalization of Rs. 254.47 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 40.26 per share on Tuesday, up from its previous closing price of Rs. 33.55 per share. Since then, the stock has retreated and is currently trading at Rs. 38.83 per equity share.

Exim Routes Limited

Exim Routes Limited is a global B2B platform specialising in sourcing, logistics, and trading of recyclable paper materials for Indian paper mills, using its AI-powered platform, ERIS, for efficient supply chain management, price discovery, and market intelligence, operating internationally with a focus on technology and a diverse global network to serve the recycling industry. 

With a market capitalization of Rs. 399.70 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 213.15 per share on Tuesday, up from its previous closing price of Rs. 177.65 per share. 

Goyal Aluminiums Limited

Goyal Aluminiums Limited is an Indian company, established in 2017 and listed on NSE/BSE (GOYALALUM), that trades and manufactures aluminium products like coils, sheets, and sections, also dealing in allied metals and expanding into EV component leasing.

With a market capitalization of Rs. 148.30 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 10.39 per share on Tuesday, up from its previous closing price of Rs. 8.66 per share. 

Shigan Quantum Technologies Limited

Shigan Quantum Technologies Limited (SQTL) is an Indian company specializing in green mobility solutions, designing, developing, and manufacturing alternative fuel systems (CNG, LPG, Hydrogen) and components for automotive, locomotive, and power applications.

With a market capitalization of Rs. 112.21 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 55.20 per share on Tuesday, up from its previous closing price of Rs. 46.00 per share. 

Tahmar Enterprises Ltd

Tahmar Enterprises Ltd is an Indian company, now a key manufacturer of grain-based specialty products, focusing heavily on ethanol (for biofuel/solvents), Extra Neutral Alcohol (ENA) for industrial/beverage use, and Indian Made Foreign Liquors (IMFL), also producing related products like DDGS (animal feed) and alcohol sanitizers.

With a market capitalization of Rs. 183.21 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 11.76 per share on Tuesday, up from its previous closing price of Rs. 9.80 per share. 

United Van Der Horst Ltd

United Van Der Horst Ltd (UVDHL) is an Indian engineering company specializing in reconditioning, re-standardizing, reverse engineering, and manufacturing heavy mechanical components for core industries like marine, oil & gas, power, and mining, using patented chrome plating & welding technologies.

With a market capitalization of Rs. 362.48 crores, it saw its stock surge by 20 percent, hit an upper circuit of Rs. 263.20 per share on Tuesday, up from its previous closing price of Rs. 219.35 per share. 

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 20% Upper Circuit: Goyal Aluminiums and 7 other stocks that saw huge buying interest appeared first on Trade Brains.