Top Upper Circuit Stocks in India (2024)

Upper circuit stocks are high-flying stocks that have taken the market by storm, capturing the attention of investors everywhere with their potential for significant gains and exciting trading opportunities. 

But before you jump in, it’s important to understand the ins and outs of these upper circuit shares. In this comprehensive guide, we’ll take a deep dive into the world of upper circuit stocks, exploring what they are, how they work, how to buy shares in upper circuit, and the strategies you can use to make the most of them.

List of Top Upper Circuit Stocks on NSE

Check out the upper circuit stock list below:

Company Name	Sub-Sector	Market Cap (Rs. in cr.)	Close Price (Rs.)	PE Ratio	1D Return (%)
Godrej Industries Ltd	Diversified Chemicals	34,476.68	1,023.80	574.90	9.86
National Aluminium Co Ltd	Metals - Aluminium	44,066.31	239.93	22.16	9.12
Sammaan Capital Ltd	Home Financing	10,548.16	144.59	8.69	7.21
Swan Energy Ltd	Textiles	17,095.94	545.40	56.77	6.74
Muthoot Finance Ltd	Consumer Finance	75,702.04	1,885.65	17.51	6.18
Varun Beverages Ltd	Soft Drinks	198,123.52	609.85	96.37	5.94
IFCI Ltd	Specialized Finance	15,867.11	60.71	153.08	5.07
Equitas Small Finance Bank Ltd	Private Banks	7,482.65	65.69	9.37	4.89
GE Vernova T&D India Ltd	Heavy Electrical Equipments	47,391.65	1,850.90	261.76	4.77
Aegis Logistics Ltd	Oil & Gas - Storage & Transportation	29,585.79	842.90	51.98	4.70

Disclaimer: Please note that the above list is for educational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing.

Note: The data on this list of upper circuit stocks today is from 19th November 2024. This data is derived from Tickertape Stock Screener using the following parameters:

• Stock Universe: Nifty 500
• 1D Return: Sorted from Highest to Lowest

🚀 Pro Tip: You can use Tickertape’s Stock Screener to research and evaluate stocks with over 200+ filters and parameters.

Best Upper Circuit Stocks in India (2024): An Overview

Godrej Industries Ltd

ICICI Bank Ltd is one of India’s foremost private sector banks, known for its comprehensive range of financial services and strong presence nationwide. Founded in 1994 and headquartered in Mumbai, Maharashtra, ICICI Bank has grown into a leading financial institution that serves millions of customers, encompassing individuals, small businesses, and large corporations. As of 19th November 2024, the company had a market capitalisation of Rs. 34,476.68 cr., and its share price closed at Rs. 1,023.80. Furthermore, the company had a PE ratio of 574.90, and recorded a 1 day change of 9.86%. 

National Aluminium Co Ltd

National Aluminium Company Ltd (NALCO) is a leading public sector enterprise and one of India’s major producers of aluminium and alumina. The company is renowned for being an integrated producer, with operations spanning the entire value chain from bauxite mining and alumina refining to aluminium smelting, power generation, and producing rolled and cast aluminium products. As of 19th November 2024, the company had a market capitalisation of Rs. 44,066.31 cr., and its share price closed at Rs. 239.93. Furthermore, the company had a PE ratio of 22.16 and recorded a 1-day change of 9.12%. 

Sammaan Capital Ltd

Sammaan Capital Ltd is an emerging financial services company in India dedicated to fostering inclusive growth and empowering underserved communities through innovative financial solutions. Headquartered in India, Sammaan Capital aims to bridge the gap between mainstream financial institutions and those with limited access to conventional banking services, thereby promoting financial inclusion across the country. As of 19th November 2024, the company had a market capitalisation of Rs. 10,548.16 cr., and its share price closed at Rs. 144.59. Furthermore, the company had a PE ratio of 8.69 and recorded a 1-day change of 7.21%. 

Swan Energy Ltd

Swan Energy Ltd is an established Indian company with a diverse portfolio spanning the textile and energy sectors. Headquartered in Mumbai, Maharashtra, the company traces its roots back to the early 1900s. It has evolved significantly over the decades to align with the changing needs of the market and the country’s economic landscape. As of 19th November 2024, the company had a market capitalisation of Rs. 17,095.94 cr., and its share price closed at Rs. 545.40. Furthermore, the company had a PE ratio of 56.77 and recorded a 1-day change of 6.74%. 

Muthoot Finance Ltd

Muthoot Finance Ltd is the flagship company of the Muthoot Group. It is recognised as one of India’s largest and most trusted financial services providers, particularly in gold loans. Headquartered in Kochi, Kerala, Muthoot Finance has a rich legacy dating back to 1887, evolving from a small trading business into a financial powerhouse that supports millions of customers across the country. As of 19th November 2024, the company had a market capitalisation of Rs. 75,702.04 cr., and its share price closed at Rs. 1,885.65. Furthermore, the company had a PE ratio of 17.51 and recorded a 1-day change of 6.18%. 

Varun Beverages Ltd

Varun Beverages Ltd (VBL) is one of India’s leading beverage companies and a key player in the country’s fast-moving consumer goods (FMCG) sector. As the largest bottler for PepsiCo products outside the United States, VBL holds a significant position in the manufacturing, bottling, and distributing a wide array of non-alcoholic beverages. As of 19th November 2024, the company had a market capitalisation of Rs. 198,123.52 cr., and its share price closed at Rs. 609.85. Furthermore, the company had a PE ratio of 96.37 and recorded a 1-day change of 5.94%. 

IFCI Ltd

IFCI Ltd (Industrial Finance Corporation of India) is one of India’s oldest and most prominent financial institutions, established in 1948 to support the country’s industrial development and post-independence economic growth. As of 19th November 2024, the company had a market capitalisation of Rs. 15,867.11 cr., and its share price closed at Rs. 60.71. Furthermore, the company had a PE ratio of 153.08 and recorded a 1-day change of 5.07%. 

Equitas Small Finance Bank Ltd

Equitas Small Finance Bank Ltd is a prominent player in India’s small finance banking sector, committed to driving financial inclusion and serving underbanked and unbanked segments of the population. Headquartered in Chennai, Tamil Nadu, Equitas Small Finance Bank began operations in 2016 following its establishment as a small finance bank under the guidelines set by the Reserve Bank of India (RBI). As of 19th November 2024, the company had a market capitalisation of Rs. 7,482.65 cr., and its share price closed at Rs. 65.69. Furthermore, the company had a PE ratio of 9.37 and recorded a 1-day change of 4.89%.

GE Vernova T&D India Ltd

GE Vernova T&D India Ltd is a significant player in the power transmission and distribution sector in India, operating as part of GE Vernova, the energy arm of General Electric (GE). This company is pivotal to supporting India’s energy infrastructure, delivering solutions that facilitate reliable and efficient electricity transmission nationwide. As of 19th November 2024, the company had a market capitalisation of Rs. 47,391.65 cr., and its share price closed at Rs. 1,850.90. Furthermore, the company had a PE ratio of 261.76 and recorded a 1-day change of 4.77%.

Aegis Logistics Ltd

Aegis Logistics Ltd is a prominent player in India’s logistics and energy infrastructure sector, specialising in the handling, storing, and distributing of petroleum, liquefied petroleum gas (LPG), and chemicals. Established in 1956 and headquartered in Mumbai, Maharashtra, Aegis Logistics has grown into a significant provider of integrated logistics solutions, supporting India’s fast-growing energy industry. As of 19th November 2024, the company had a market capitalisation of Rs. 29,585.79 cr., and its upper circuit share price closed at Rs. 842.90. Furthermore, the company had a PE ratio of 51.98 and recorded a 1-day change of 4.70%.

How Does Trading in the Upper Circuit Stocks Work?

Trading in share with the upper circuit in NSE works differently from other stocks. The exchange sets the limit and varies from stock to stock. Once a stock hits its upper circuit limit, trading in that stock is suspended for a certain period. Typically between 15-45 minutes. 

This is done to prevent excessive speculation and price manipulation. Furthermore, it allows the market to cool down and for traders and investors to analyze the situation before resuming trading. During the suspension, only buyers stocks’ orders can be placed. However, the sellers cannot place orders to sell until trading resumes. 

Once trading resumes, the stock may continue to trade at its today’s upper circuit stocks price or may fall below that price.

What is an Upper Circuit?

During a trading session, an upper circuit represents the maximum allowable increase in the price of a stock or index. When a stock reaches its upper circuit limit, trading for that stock is suspended either temporarily or for the remainder of the day. This situation typically arises when there is a significant increase in demand or positive news regarding a company or the market. An upper circuit also signals that there are only buyers and no sellers in the market. This occurrence can contribute to a positive sentiment among investors and traders, potentially impacting the market positively.

What are Upper Circuit Stocks on NSE?

Upper circuit stocks are stocks that have hit their upper circuit limit. This means their price has risen to the maximum percentage allowed by the stock exchange for that particular trading day.

How to Identify Upper Circuit Stocks?

The stock exchange determines the upper circuit limit for a stock and varies based on the stock’s price and volatility. The circuit limit is a percentage change from the stock’s previous closing price. The percentage change varies from stock to stock and can range from 2% to 20%. For example, if the circuit limit for a stock with an upper circuit is set at 10%, the stock can only rise 10% from its previous day’s closing price. Let us learn how to buy upper circuit shares and how they work!

What Happens When a Stock Hits Upper Circuit?

The upper circuit meaning is the highest percentage rise in a stock’s price during one trading session. When a stock reaches its upper circuit in Nifty, trading for that stock halts temporarily. This measure aims to curb investors from consistently purchasing the stock at exaggerated prices, thus mitigating the risk of market bubbles.

Who Should Invest in Upper Circuit Stocks?

1. Investing in stocks upper circuit, including upper circuit penny stocks, attracts traders and investors seeking potential opportunities in stocks with limited trading availability. 
2. Traders interested in short-term gains and volatility may find upper circuit stocks intriguing due to their restricted trading conditions. 
3. Investors with a higher risk tolerance and an interest in emerging trends might also explore upper circuit stocks NSE today to explore potential growth opportunities. 

However, thorough research and analysis are necessary before investing, as upper circuit stocks can be highly volatile and speculative. Additionally, investors should consider the risks associated with these stocks, such as sudden price reversals and liquidity constraints.

Factors That Can Trigger Upper Circuit in Stock Market

Now that we know how to buy shares in upper circuit, let’s look at a few factors that can trigger upper circuits in the stock market. Several factors can trigger upper circuits stocks in the stock market. Here are a few:

• Positive News and Announcements: Positive news about a company, such as a new product launch, expansion plans, or a significant order win, can trigger an upper circuit in its stock price. For example, if a company announces a major merger or acquisition, it can make its stocks hit the upper circuit as investors rush to buy stocks that hit upper circuit today in the market. 
• Strong Financial Results: When a company reports better-than-expected financial results, it can increase buying interest from investors. As a result, this can lead to an upper circuit in its stock price.
• Positive Market Sentiment: A positive market mood index (MMI), driven by political stability, economic growth, or global market trends, can lead to an upper circuit in stock prices across the market.

When to Invest in Upper Circuit Stocks?

When trading upper circuit stocks, timing is crucial for maximising potential gains. Investors can consider entering the market when there is high demand for the stock, indicated by increased trading volumes and positive market sentiment. Monitoring market trends and news related to the specific stock or industry can help identify opportune moments to engage in upper circuit trading. Additionally, understanding the factors driving the stock’s price movement, such as company performance or industry developments, can aid in making informed decisions on when to participate in upper circuit trading activities.

Benefits of Investing in Upper Circuit Stocks NSE

Now that we know what is upper circuit in share market, let’s explore a few benefits of investing in these shares. Investing in NSE upper circuit stocks today NSE can offer potential benefits, but it’s essential to understand the associated risks and exercise caution. Here are some potential advantages:

• High Growth Potential: Upper circuit stock today usually shows strong upward momentum. This, in turn, can attract investors who might be seeking substantial returns within a short period.
• Market Sentiment: Stocks hitting upper circuits can often garner attention due to positive news, market sentiment, or favourable developments.
• Liquidity: During the trading halt caused by an upper circuit, investors may have the time to assess their positions and make informed decisions. This can help prevent hasty or impulsive trading.

Now that we know how to find upper circuit stocks, it is important to employ strategies to upper circuits to your advantage.

Strategies to Use Upper Circuit Or Price Bands to Your Advantage

Here are some strategies you can use for investing in upper circuit stock list today to your advantage: 

Understand Market Trends and Sentiments

Keep an eye on the overall market trends and sentiments, as these can impact upper circuit stocks. Look for sectors that are performing well or have positive news. As these can be good places to start your research.

Plan Your Entry and Exit Points

If you plan to invest in a particular stock, it can be a good idea to check its today upper circuit stocks and lower circuit stock limits. Thus, you can use these limits to determine the stock’s entry and exit points.

Conduct Thorough Research

Before investing in stocks hitting upper circuits, conduct thorough research on the company, its financials, and its future growth prospects. Thus, look for strong fundamentals and positive news supporting the stock price increase.

Be Aware of Trading Patterns and Volume

Closely monitor trading patterns and volume for upper circuit & lower circuit stocks. High trading volumes can be a positive sign and indicate a lack of liquidity.

Manage Your Risk

Circuits or price bands can help you manage your risk. If you have invested in a stock that has hit its circuit limit, you can be sure that the price will not move beyond a specific range in a single trading session. Thus, this can help you limit your losses and manage your risk effectively.

Set Realistic Profit Targets and Minimize Losses

Determine your entry and exit points for upper circuit stocks, and set realistic profit targets based on your research.

Avoid Sudden Price Movements

Circuits or price bands can help you avoid sudden price movements in a stock. If a stock has hit its circuit limit, therefore, the trading in that stock will be suspended for some time.

As always, please do your own research and/or consult a financial advisor before investing.

Factors to Consider While Investing in Upper Circuit Stocks

If you find yourself wondering, ‘can we buy shares after upper circuit?’, consider these following options, Though investing in continuous upper circuit stocks in NSE today can potentially lead to high returns, it is important to consider the following factors, now that we know how to buy shares in upper circuit:

• Lack of Liquidity: Today’s upper circuit stocks can have low trading volumes, which can make it difficult to buy or sell UC stocks when you need to. This can result in higher bid-ask spreads, which might impact your returns.
• Limited Price Discovery: The upper circuit limit can artificially inflate the stock price, making it difficult to determine its fair value. This can lead to increased volatility in the stock price when trading resumes.
• Risk of Price Manipulation: The limited price discovery and lack of liquidity can make today upper circuit shares vulnerable to price manipulation. This can result in sudden and sharp price movements, impacting your returns.
• Potential Downsides: Investing in continuous Nifty upper circuit stocks can yield high returns. However, it is important to note that there are potential downsides. Such as a sudden drop in the stock price when trading resumes or a lack of fundamentals to support the price increase.

To Wrap It Up…

Investing in upper circuit stocks can be a potentially rewarding but risky venture. Hence, to avoid the potential downsides and use circuits or price bands to your advantage, it is important to conduct thorough research and follow all the strategies that we have shared above.  Moreover, when approaching investing, you can also consider using smallcase. It is a platform that provides pre-built portfolios of stocks that align with different investment themes and strategies.

Frequently Asked Questions About Upper Circuit Stocks

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