The Indian stock markets witnessed mixed movements on March 7, 2025, with the benchmark indices trading with marginal losses at 9:56 AM. However, the broader market indices outperformed, with the Nifty Midcap 100 and Smallcap 100 indices rising by 0.15% and 0.59%, respectively. This outperformance highlighted a strong market breadth, indicating a predominance of advancing stocks over declining ones.
On the National Stock Exchange (NSE), 118 stocks hit their upper circuit limit, reflecting strong buying interest. Among them, several stocks trading below ₹50 locked in gains, hitting their respective upper circuit limits. Here’s a closer look at some of these stocks:
MSP Steel & Power Ltd (MSPL), the flagship company of the MSP Group, is a semi-integrated steel manufacturer based in Raigarh, Chhattisgarh. The company operates across various segments, including pellets, sponge iron, MS ingots, TMT bars, and structural products.
To support its manufacturing processes, MSPL has developed an extensive infrastructure, including an iron ore beneficiation plant, pellet plant, coal washery, captive power plant, and a railway siding of 2.4 km. Additionally, the company produces fly ash bricks with an annual capacity of 48,600 TPA.
On March 7, 2025, the MSPL share price hit its upper circuit limit of 5% on NSE.
Founded in 1971, Unitech Ltd is a real estate developer. Initially established as a consultancy firm specialising in soil and foundation engineering, Unitech has since expanded into a diverse range of real estate projects, including:
On March 7, 2025, Unitech’s share price surged to ₹7.14, reaching its 5% upper circuit limit on NSE.
Industry: Retail
Upper Circuit: 5% at ₹26.92
Established in 2013, Osia Hyper Retail Ltd (formerly known as Mapple Exim Pvt Ltd) operates a chain of organised retail stores in Gujarat. The company has a presence in cities such as Ahmedabad, Vadodara, Gandhinagar, and Dehgam, operating under the Osia Hypermart brand. Retail operations commenced in July 2014, and the company has grown steadily ever since.
Osia Hyper Retail’s central stockyard is located in Rakhiyal, Ahmedabad, which supports its 15-store network across the state.
On March 7, 2025, Osia Hyper Retail’s share price hit its 5% upper circuit limit at ₹26.92 on NSE. The stock’s 52-week high stands at ₹50.45, while its 52-week low is ₹21.07.
On March 7, 2025, 118 stocks hit their upper circuit on NSE, highlighting strong buying activity. Stocks such as MSP Steel & Power, Unitech, and Osia Hyper Retail—all priced below ₹50—showcased robust movements
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.
Published on: Mar 7, 2025, 2:27 PM IST
Team Angel One
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