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Suzlon Energy and Vakrangee Hits 20% Upper Circuit Today

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On Monday, Nifty opens 25 points plus and settle at 17665 with a gain of 126 points. We also saw a good buying in the Midcap and SmallCap stocks today. The top Large-Cap gainers of today’s session include Hindalco, JSW Steel, Reliance Industries, ITC, and NTPC. Meanwhile, the Top Losers comprise Bajaj Auto, Nestle, Britannia, Apollo Hospitals, and Eicher Motors.  

Over here we would like to give a special mention to two stocks, they are, Suzlon Energy and Vakrangee. Both stocks have closed on a 20% upper circuit and let’s find out what’s behind it.

Suzlon Energy: ₹ 10.55

We have seen a huge buying in the stock from the pre-open session itself. the stocks Suzlon Energy opened at 9.15 and make a great move of ₹1.40 intraday and get locked at the 20 percent upper circuit at ₹ 10.55 in NSE and ₹ 10.57 in BSE. Many news and rumors are going around the stock and it is also said that Adani Green will acquire a majority stake in the Windmill manufacturing company.

Suzlon Energy in a regulatory filing on September 5, 2022, informed that “SBICAP Trustee is acting as trustees for the benefit of REC led consortium (comprising of REC Limited and Indian Renewable Energy Development Agency Limited), who have financed the Company and its certain specified subsidiaries.

Vakrangee: ₹ 32.90

The stock opened flat and was trading around ₹27, but after 11 AM, the upmove started in it. It was very bullish on technical charts above the price of ₹28. You can see a triangle pattern breakout in Vakrangee today and it is expected to give more return going forward. Vakrangee announced that the 32nd Annual General Meeting (AGM) of the company will be held on 27 September 2022.

Vakrangee Breakout Chart
Vakrangee Breakout Chart

Vakrangee Limited is a technology company based in Mumbai, India that provides banking, insurance, e-governance, e-commerce, and logistics services. The company is one of the main providers of software and equipment for voter id cards and Aadhaar cards.

These are the two stocks that gave an amazing move today and we can surely expect some more upside going forward. Also, the small companies have gave some good moves today, The top gainers propelling the midcap index are Fermenta Biotech, Suzlon Energy, Dish TV, Vakrangee, Jai Corp, and Universal Cables.  

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