On March 17, 2025, BSE Sensex closed at 74,169.95 up by 0.46%, while Nifty50 rose by 0.5% to 22,508.75. Stocks like Senco Gold and EPACK Durable hit circuit limits, reflecting significant price movements. Check out the full list of stocks hitting circuits today.

Stocks That Hit Upper Circuit on March 17, 2025

Stocks That Hit Lower Circuit on March 17, 2025

Overview of Companies Hit Circuits Today

• Oriana Power

Oriana Power saw a drop in its stock price, declining by 5% to close at ₹1,028.70. The stock opened at ₹1,075.75 and reached a low of ₹1,028.70. 

• EPACK Durable

EPACK Durable experienced a drop in its stock price, dropping by 5% to close at ₹326.85. The stock opened at ₹346.80 and reached a low of ₹326.85.

• Senco Gold

Senco Gold saw its stock price drop by 5.76% to close at ₹238.10. The stock opened at ₹256.45 and dropped to ₹227.40 at the low of the day.

• 63 Moons Technologies

63 Moons Technologies experienced notable growth in its stock price, rising by 2.41% to close at ₹695.35. The stock opened at ₹680.50 and touched a high of ₹712.95.

• E2E Networks

E2E Networks saw an increase in its stock price, rising by 0.83% to close at ₹1,826.00. The stock opened at ₹1,810.95 and rose to a day’s high of ₹1,901.45.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

As climate change continues to push global temperatures higher, India is bracing for another scorching summer in 2025. The India Meteorological Department (IMD) has already reported that February 2025 was the warmest February since 1901, signaling an early and intense summer ahead. With rising heat waves and soaring temperatures, the demand for room air conditioners (RACs) is expected to surge significantly, fueling rapid growth in the industry.

Rising Demand for ACs Amid Heatwaves

India’s room air conditioner market has been experiencing an upward trajectory, driven by both changing weather patterns and evolving consumer behavior. 

According to a study by ICRA, the Indian RAC industry is expected to witness a year-on-year (YoY) sales growth of 20-25% in FY 2024-25, reaching record levels of 12-12.5 million units. This growth is attributed to factors such as rising urbanisation, increasing disposable incomes, greater affordability due to financing options, and more households opting for multiple RAC units.

The past few years have seen a steady increase in heatwave days, further accelerating the need for cooling solutions. The previous summer saw a robust YoY growth of 40-50% for most original equipment manufacturers (OEMs), setting a strong precedent for the coming years. While ICRA predicts a growth rate of 10-12% in FY 2025-26, the overall industry outlook remains optimistic.

Production and Supply Chain Expansion

To meet this growing demand, India’s domestic RAC manufacturing capacity is set to expand by over 40% in the next three years. Leading OEMs and contract manufacturers are ramping up production facilities, aided by government initiatives such as the Production-Linked Incentive (PLI) scheme for the consumer durables sector. This scheme has boosted localisation in AC component manufacturing, reducing reliance on imports and strengthening the domestic supply chain.

Market Size and Competitive Landscape

The Indian RAC market is projected to grow at a compound annual growth rate (CAGR) of 12%, reaching an estimated value of $5.6 billion (₹50,000 crore) by FY 2028-29, as per Voltas’ annual report in June 2024. The market is becoming increasingly competitive, with both domestic and foreign brands vying for a larger share. 

Performance of Key Players in the AC Industry

1. Voltas Ltd

Voltas, a market leader in India’s RAC segment, sold over 2 million AC units in FY 2023-24, marking the highest number of ACs sold by a single brand in one year. Between January 2024 and April 2024, the company reported selling 1 million AC units within just 110 days. The company maintained its leadership position in both Split and Window AC categories, holding an exit market share of 20.5% as of December 2024.

2. Blue Star Ltd

Blue Star has also witnessed remarkable growth in its RAC segment, capturing a quarterly market share of 14%. The company continues to strengthen its presence in the premium and energy-efficient AC categories.

3. Johnson Controls-Hitachi Air Conditioning India Ltd

Johnson Controls-Hitachi remains a contender in the Indian RAC market, offering a range of cooling products, including air conditioners, refrigerators, and chillers. For the quarter ending December 2024, the company reported revenue of ₹4,184.6 million from its cooling products segment, reflecting steady demand growth from ₹3,830.0 million during the same period in the previous year.

4. Amber Enterprises

Amber Enterprises, a key contract manufacturer for AC components, has seen growth driven by the industry’s rising demand. The company’s Consumer Durables division reported a 67% YoY revenue increase in Q3 FY 2024-25, mainly due to RAC industry channel inventory stocking ahead of the peak summer season. The RAC and its components segment alone registered a 71% YoY growth, reflecting strong industry momentum.

Future Outlook for the AC Industry

As India continues to experience extreme summers, the demand for air conditioning is expected to grow at an accelerated pace. Rising temperatures, combined with changing consumer habits and increasing affordability, may drive further expansion in the market. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On March 17, 2025, SpiceJet announced that its Founder and Promoter, Ajay Singh, through M/s Spice Healthcare Private Limited, will inject ₹294.09 crore into the airline. 

This infusion will be executed through the conversion of 13.14 crore warrants into an equivalent number of equity shares. As a result, the Promoter Group’s consolidated shareholding in SpiceJet will rise from 29.11% to 33.47%.

Amidst the announcement, on March 17, 2025, SpiceJet share price opened at ₹45.20, almost the same as its previous close of ₹45.48. At 10:19 AM, the share price of SpiceJet was trading at ₹48.30, up by 6.20% on the BSE.

Partial Stake Sale by Promoter to Fund Infusion

To facilitate this investment, Ajay Singh will sell up to 3.15 crore equity shares of SpiceJet. The proceeds from this sale will be used to partially fund the balance of 75% of the amount required for the allotment of equity shares following the warrant conversion.

Strengthened Promoter Commitment

This capital infusion highlights the Promoter Group’s confidence in SpiceJet’s long-term growth prospects and strategic direction. It is expected to strengthen the airline’s financial position, supporting its ongoing operations and expansion plans.

Upcoming Board Approval

A Board/Committee meeting is scheduled to be held on or before March 18, 2025, to approve the allotment of shares under the warrant conversion option. This step will formalise the equity structure changes and reinforce the airline’s capital base.

Commenting on this, the Chairman and Managing Director of SpiceJet, Ajay Singh, said, “This fresh infusion reaffirms our unwavering commitment to the airline and its bright future. This investment will further strengthen our financial position and drive growth. SpiceJet has always been a resilient airline, and with this fresh capital, we are well positioned to enhance our operations and seize new opportunities.”

Conclusion

The company stated that the successful conversion of warrants and subsequent capital infusion marks another significant step in SpiceJet’s ongoing turnaround strategy.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

MobiKwik Systems Ltd (NSE: MOBIKWIK) saw a significant decline in its share price on March 17, 2025, following the expiry of its three-month lock-in period for pre-IPO investors. 

On March 17, 2025, Mobikwik share price opened at ₹269.55, slightly down from its previous close of ₹270.65. At 10:34 AM, the share price of Mobikwik was trading at ₹245.85, down by 9.16% on the NSE. Notably, the stock price touched its 52-week low at ₹231.10 today. 

Lock-in Period Ends

The share price drop was largely driven by the unlocking of 46 lakh shares, representing 6% of MobiKwik’s outstanding equity, making them eligible for trading. Since its listing on December 18, 2024, MobiKwik’s stock has corrected nearly 61% from its post-listing high of ₹698.30, which was recorded on December 26, 2024.

As of March 17, 10:34 AM, the trading volume was 86.55 lakh shares, amounting to a total transaction value of ₹213.52 crore. MobiKwik’s market capitalisation currently stands at ₹1,913.80 crore, with a free float market capitalisation of ₹355.16 crore.

Financial Highlights

For the first nine months of FY25, MobiKwik reported growth in its payments business. Payments GMV stood at ₹828 billion, reflecting a 248% year-on-year increase. Total income rose 48% YoY to ₹9,140 million, while the contribution margin remained stable at over 30%, amounting to ₹2,980 million. However, EBITDA stood at a loss of ₹336 million, impacted by a lower contribution margin.

About One Mobikwik Systems Ltd

One Mobikwik Systems Ltd was incorporated in 2009. It is a digital banking platform which provides a comprehensive range of financial products for both consumers and merchants

Conclusion

With the lock-in period now over, the stock may continue to experience short-term volatility. Investors will closely watch MobiKwik’s financial performance and strategic growth plans in the coming quarters.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

KEC International Limited has announced securing new orders totaling ₹1,267 crore across its key business segments.

Transmission & Distribution (T&D) Orders

The company has received Notification of Awards (NOAs) and Comfort Letters for multiple transmission and distribution projects in India and the Americas. Major orders include:

• 800 kV HVDC and 765 kV Transmission Line Projects from Power Grid Corporation of India Limited (PGCIL)
• Supply of transmission towers, hardware, and poles to clients in the Americas

Cables and Conductors Orders

The cables business has secured orders for the supply of various types of cables and conductors, both in India and international markets.

Management Commentary

Commenting on this development, the MD & CEO of KEC International Ltd, Mr Vimal Kejriwal, said, “We are delighted with the substantial orders secured in our T&D business, particularly in the prestigious HVDC and 765 kV segments from PGCIL for green energy evacuation. These wins have further strengthened our T&D order book in India.” 

He further added, “We have a strong positive outlook on the growth of India’s T&D market, fueled by the nation’s rising energy needs and the government’s unwavering drive to enhance renewable power capacity and transmission infrastructure. With these new orders, our YTD order intake stands at over Rs. 23,300 crores, a growth of 35% vis-à-vis last year.”

About KEC International Limited

KEC International is a leading global infrastructure Engineering, Procurement, and Construction (EPC) company with a diverse presence across multiple sectors, including Power Transmission & Distribution, Civil, Transportation, Renewables, Oil & Gas Pipelines, and Cables.

The company is actively executing infrastructure projects in 30+ countries and has an extensive footprint in 110+ countries, encompassing EPC projects, tower supplies, and cable distribution. KEC International serves as the flagship company of the RPG Group.

On March 17, 2025, KEC International share price opened at ₹684.00, up from its previous close of ₹671.60. At 9:53 AM, the share price of KEC International was trading at ₹714.80, up by 6.43% on the NSE.

Conclusion

These new orders highlight KEC International’s growing footprint in the global power infrastructure sector, particularly in India and the Americas.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Oriental Rail Infrastructure Limited has received an order worth ₹4.94 crore from the Integral Coach Factory (ICF), Chennai, a key unit of Indian Railways. 

Details of the Order

The contract involves the supply and installation of 47 sets of seats, including fixing arrangements, for Second AC Chair Car coaches. This order further strengthens the company’s presence in the railway sector and highlights its expertise in manufacturing and furnishing railway components.

As per the terms of the contract, the delivery will be made to the Furnishing Depot at ICF, Chennai. 

The payment structure is divided into phases, with 90% of the supply portion being released upon submission of an inspection certificate and a Provisional Physical Receipt Certificate. The remaining 10%, along with the full installation charges, will be cleared once the consignee accepts the materials and an installation certificate is issued by the competent authority.

The order is scheduled to be executed by December 31, 2026. This contract underscores the company’s continued engagement with Indian Railways and aligns with the growing demand for enhanced passenger amenities. 

Conclusion

With Indian Railways focusing on infrastructure modernisation and improved passenger comfort, Oriental Rail Infrastructure’s expertise in coach furnishing is expected to contribute to its business growth and market presence.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Castrol India Limited’s Board of Directors has declared and approved a final dividend of ₹9.50 per equity share of the face value of ₹5 each for the financial year ended December 31, 2024. 

On March 17, 2025, Castrol India share price opened at ₹233.90, touching the day’s high at ₹236.50, as of 9:36 AM on the NSE.

Castrol India Final Dividend Record Date

The company has announced a final dividend of ₹9.5 per share (face value of ₹5 each) for the financial year ending December 31, 2024. This includes a special dividend of ₹4.5 per share. 

The record date for determining eligible shareholders is set for Tuesday, March 18, 2025, and if approved, the dividend will be paid on or before Wednesday, April 23, 2025.

Financial Performance for FY 2024

For the financial year ended December 31, 2024, the company reported a revenue from operations of ₹5,365 crore, reflecting a 6% growth from ₹5,075 crore in 2023. Profit Before Tax (PBT) stood at ₹1,258 crore, also registering a 6% increase from ₹1,181 crore in the previous year. Meanwhile, Profit After Tax (PAT) rose 7% to ₹927 crore, compared to ₹864 crore in 2023.

About Castrol India Ltd

Castrol India Ltd is mainly involved in the business of manufacturing & marketing of automotive and industrial lubricants and related services

Conclusion 

Castrol India’s final dividend of ₹7.50 per share follows an interim dividend of ₹3.50 per share payout on August 7, 2024.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

On March 15, 2025, the Reserve Bank of India (RBI) issued a statement addressing concerns surrounding IndusInd Bank. The central bank reassured that the financial institution remains well-capitalised and stable despite recent speculation.

On March 17, 2025, IndusInd Bank share price opened at ₹705.00, up from its previous close of ₹672.35. At 9:35 AM, the share price of IndusInd Bank was trading at ₹699.75, up by 4.08% on the NSE.

Financial Position

According to the RBI, IndusInd Bank’s financial health is satisfactory. As per the auditor-reviewed results for the quarter ended December 31, 2024, the bank maintained a Capital Adequacy Ratio (CAR) of 16.46% and a Provision Coverage Ratio (PCR) of 70.20%. Additionally, the Liquidity Coverage Ratio (LCR) stood at 113% as of March 9, 2025, surpassing the regulatory requirement of 100%.

IndusInd Bank has engaged an external audit team to comprehensively review its systems. The RBI has directed the bank’s Board and management to complete remedial actions within Q4 FY25 while ensuring transparency through necessary disclosures.

The RBI emphasised that depositors should not react to speculative reports, as the bank remains financially sound. The regulator continues to monitor IndusInd Bank closely to ensure stability and compliance with regulatory guidelines.

Conclusion

With a capital position, liquidity, and proactive regulatory oversight, IndusInd Bank remains on solid ground. The RBI’s assurance aims to prevent unnecessary panic and reinforce confidence among stakeholders.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.