Tejas Networks and 11 other stocks whose upper circuit increased from 10% to 20%

Synopsis: Stocks like Apollo Micro Systems, Avanti Feeds, Tejas Networks, Meesho, and others saw circuit limits rise to 20%, reflecting higher investor interest, improved liquidity, and positive growth expectations.

In the stock market, upper circuit limits are used to control extreme intraday price movements and protect investors from sudden volatility. When an exchange like the NSE or BSE increases a stock’s upper circuit from 10% to 20%, it allows the stock price to rise up to 20% in a single trading session, rather than being capped at 10%. Such changes are typically made when a stock demonstrates stronger liquidity, increased trading interest, or sustained positive momentum.

Raising the limit to 20% gives the stock more room for natural price discovery and helps reduce the frequency of trading halts caused by tighter circuit limits. At the same time, it indicates that the exchange believes the stock can accommodate larger price movements in an orderly manner without compromising overall market stability. Here is a list of the top 12 stocks whose upper circuit has been increased from 10% to 20%

Apollo Micro Systems Limited

With a market capitalization of Rs. 7,399.53 crore, the shares of Apollo Micro Systems Limited were currently trading at Rs. 207.10 per equity share, rising nearly 4.83 percent from its previous day’s close price of Rs. 197.55. 

Apollo Micro Systems Limited (AMS) is an Indian defence electronics and engineering company headquartered in Hyderabad, Telangana. Established in 1985, it designs, develops, and manufactures mission-critical electronic and electro-mechanical systems for aerospace, defence, space, and homeland security applications. 

Avanti Feeds Limited

With a market capitalization of Rs. 17,634.95 crore, the shares of Avanti Feeds Limited were currently trading at Rs. 1294.35 per equity share, rising nearly 4.28 percent from its previous day’s close price of Rs. 1241.20. 

Avanti Feeds Limited is an Indian company specializing in aquaculture feed and shrimp processing. It plays a leading role in India’s shrimp farming sector, supplying feed and processed seafood to both domestic and export markets.

Balu Forge Industries Limited

With a market capitalization of Rs. 5,401.74 crore, the shares of Balu Forge Industries Limited were currently trading at Rs. 469.75 per equity share, rising nearly 4.56 percent from its previous day’s close price of Rs. 449.25. 

Balu Forge Industries Limited is an Indian engineering company focused on manufacturing fully finished and semi-finished forged components, especially crankshafts and related precision parts. It serves global OEMs across automotive, agricultural, industrial, marine, rail and defence applications, positioning itself as a niche high-precision forging and machining player. 

Gokaldas Exports Limited

With a market capitalization of Rs. 4,835.78 crore, the shares of Gokaldas Exports Limited were currently trading at Rs. 660.20 per equity share, rising nearly 7.01 percent from its previous day’s close price of Rs. 616.95. 

Gokaldas Exports Limited is one of India’s leading apparel manufacturers and exporters, headquartered in Bengaluru, Karnataka. The company supplies garments to global fashion and retail brands, serving markets across North America, Europe, and Asia.

Garware Hi Tech Films Limited

With a market capitalization of Rs. 8,851.54 crore, the shares of Garware Hi Tech Films Limited were currently trading at Rs. 3810.00 per equity share, rising nearly 2.36 percent from its previous day’s close price of Rs. 3722.30. 

Garware Hi-Tech Films Limited (GHFL) is an Indian manufacturer of specialty polyester films serving automotive, architectural, and industrial markets worldwide. Formerly known as Garware Polyester Ltd., the company rebranded in 2021 to emphasize its technology-driven growth and innovation focus. It operates as part of the Garware Group, headquartered in Mumbai, India.

Indo Count Industries Limited

With a market capitalization of Rs. 5,060.29 crore, the shares of Indo Count Industries Limited were currently trading at Rs. 255.50 per equity share, rising nearly 3.63 percent from its previous day’s close price of Rs. 246.55. 

Indo Count Industries Limited is an Indian home textile company focused primarily on bed linen and related bedding products. It operates as a specialized, end-to-end bedding solutions provider and is among the largest global manufacturers of bed sheets and bed linen, with a strong export orientation, especially to the US and other developed markets.

Jayaswal Neco Industries Limited

With a market capitalization of Rs. 7,809.74 crore, the shares of Jayaswal Neco Industries Limited were currently trading at Rs. 80.43 per equity share, rising nearly 2.26 percent from its previous day’s close price of Rs. 78.65. 

Jayaswal Neco Industries Limited (JNIL) is an Indian integrated iron and steel manufacturing company headquartered in Nagpur, Maharashtra. Founded in 1972 by Basantlal Jayaswal, it is the flagship enterprise of the Neco Group and one of India’s leading producers of alloy steels, iron and steel castings, and ductile iron products.

Meesho Limited

With a market capitalization of Rs. 69,624.66 crore, the shares of Meesho Limited were currently trading at Rs. 152.55 per equity share, rising nearly 2.94 percent from its previous day’s close price of Rs. 148.20. 

Meesho Limited is an Indian e-commerce company headquartered in Bengaluru, Karnataka. Founded in 2015 as Fashnear Technologies, it operates a value-focused online marketplace connecting consumers, sellers, logistics partners, and content creators. The platform aims to make online shopping affordable and accessible to India’s mass market and small businesses.

OneSource Specialty Pharma Limited

With a market capitalization of Rs. 15,771.30 crore, the shares of OneSource Specialty Pharma Limited were currently trading at Rs. 1375.95 per equity share, down nearly 0.07 percent from its previous day’s close price of Rs. 1376.90. 

OneSource Specialty Pharma Limited is an Indian biopharmaceutical and contract development and manufacturing organization (CDMO) headquartered in Bengaluru, Karnataka. Formed in 2024 through the consolidation of three CDMO businesses under the Strides Group, it provides integrated development and manufacturing services across biologics, complex injectables, and drug-device combinations for global pharmaceutical clients.

Tejas Networks Limited

With a market capitalization of Rs. 7,750.57 crore, the shares of Tejas Networks Limited were currently trading at Rs. 436.25 per equity share, rising nearly 4.20 percent from its previous day’s close price of Rs. 418.65. 

Tejas Networks Limited is an Indian telecommunications equipment company specializing in high-performance wireline and wireless networking products. Headquartered in Bengaluru, it operates globally across more than 75 countries and is part of the Tata Group through majority ownership by Panatone Finvest, a subsidiary of Tata Sons Private Limited.

Thangamayil Jewellery Limited

With a market capitalization of Rs. 12,657.69 crore, the shares of Thangamayil Jewellery Limited were currently trading at Rs. 4072.35 per equity share, rising nearly 5.55 percent from its previous day’s close price of Rs. 3858.30. 

Thangamayil Jewellery Limited is an Indian jewelry retail chain headquartered in Madurai, Tamil Nadu. Founded in 2000, it operates over 60 showrooms primarily across Tamil Nadu, offering gold, silver, diamond, and platinum jewelry.

Servotech Renewable Power System Limited

With a market capitalization of Rs. 1,691.81 crore, the shares of Servotech Renewable Power System Limited were currently trading at Rs. 74.91 per equity share, rising nearly 6 percent from its previous day’s close price of Rs. 70.67. 

Servotech Renewable Power System Limited is an Indian public company specializing in solar energy products and electric vehicle (EV) charging infrastructure. It has emerged as a key contributor to India’s clean-energy transition through indigenous technology and large-scale renewable deployments.

Why does the upper circuit change from 10% to 20%?

Stocks may be moved from a 10% upper circuit to a 20% band to improve price discovery while still maintaining market discipline. This adjustment is typically made by exchanges for several reasons:

Increased volatility: When a stock frequently hits the 10% limit or shows larger natural price swings, a wider 20% band allows prices to adjust more freely without constant interruptions.

Higher trading activity: A surge in buying or selling interest can cause sharper intraday movements, and expanding the circuit helps prevent repeated halts in trading.

Investor protection with flexibility: Even at 20%, circuit filters continue to act as a safeguard against extreme price spikes, while giving the stock more room to reflect true market demand and supply.

Improved market efficiency: Exchanges periodically review trading patterns and revise circuit limits to ensure orderly functioning and minimize unnecessary disruptions caused by tight bands.

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