Hindustan Zinc Circuit Limit Revised to 10%: Discover Other Stocks with Revised Circuit Limits

In the latest trading session, while the frontline indices ended with mixed results, the Nifty Metal Index emerged as the star performer. Metal stocks such as Hindustan Zinc, Hindalco, Hind Copper, and Vedanta captured significant attention as copper prices soared towards record highs. This surge was driven by the Chinese government’s decision to purchase unsold housing inventory to prevent defaults among distressed developers.

Hindustan Zinc’s Notable Performance

On Tuesday, Hindustan Zinc reached its upper circuit limit of 20% amidst the ongoing metal rally. However, effective May 22, the BSE exchange revised Hindustan Zinc’s circuit limit from 20% to 10%. This adjustment came as a response to the significant movements in the stock.

Other Stocks with Revised Circuit Limits

Several other stocks also saw changes in their circuit limits. These include Bharat Bijlee, Elixir Capital, and others, reflecting the dynamic nature of the market.

Circuit Limit Revised from 20% to 10%

3 stocks had their circuit limits reduced from 20% to 10%:

• Bharat Bijlee
• Hindustan Zinc
• Elixir Capital

Interestingly, all three stocks hit their 20% upper circuit limit in Tuesday’s session.

Circuit Limit Revised Upwards to 20%

Amkay Products Ltd: Previously locked at the lower circuit limit of 5% on Tuesday, its upper circuit limit has been increased to 20%, effective May 22.

Storage Technologies & Automation Ltd: This stock hit an upper circuit of 5% on Tuesday, and its circuit limit has been raised to 20%, starting Wednesday, May 22, 2024.

Circuit Limit Revised Upwards to 10%

Sai Swami Metal and Alloys Ltd: Locked at the lower circuit limit of 5% on Tuesday, its circuit limit has been revised upwards from 5% to 10%, effective May 22, 2024.

Stocks with a 5% Circuit Limit

4 stocks have their circuit limit set at 5%:

• Varyaa Creations
• Transvoy Logistics India Ltd
• Dev Labtech Venture Ltd
• Semac Consultants Ltd

Also Read: 80 Stocks’ Circuit Limits Revised on BSE

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.