Stories
Upper Circuit Stocks: 7000 Cr Market Cap, 3 Stocks See Only Buyers, Hit Upper Circuit.
- •Three stocks—Kabra, Hero Motors, and Indiabulls—were locked at the upper circuit until 12 PM on September 25.
- •Indiabulls agreed to acquire a 70% stake in Fintech Cloud Private Limited for ₹1,050 crore, boosting investor interest.
- •Kabra Extrusion Technik announced plans to manufacture high-voltage battery packs and commissioned a 10 MW/20 MWh battery energy storage project.
- •Hero Motors' IPO at ₹84 per share saw a strong comeback after listing, surging up to 20% on September 25.
- •A technical opinion for Hero Motors suggests a target of ₹160–₹168 with a stop loss of ₹118, based on price fluctuations.
Key Questions Answered
Indiabulls announced an agreement to acquire a 70% stake in Fintech Cloud Private Limited for ₹1,050 crore, valuing the entire company at ₹1,500 crore. The deal involves issuing up to 21 crore new shares and is expected to take 9 to 12 months to complete with necessary regulatory approvals.
Kabra plans to manufacture high-voltage battery packs for four-wheelers in Pune under its Zion brand and commissioned a 10 MW/20 MWh battery energy storage project in Rajasthan. Additionally, the company received a nomination from a Vietnamese passenger vehicle manufacturer to develop and supply battery packs.
Hero Motors debuted with an IPO priced at ₹84 per share and listed at a roughly 2% discount on September 23 before rebounding strongly. By September 25, the newly listed stock surged by up to 20%, driven by post-IPO demand and dynamic market sentiment.
