10 Stocks That Hit Upper Circuit Today: Sterlite Technologies, HFCL, MTAR Technologies Lead September 4 List

Key Takeaways 

• Sterlite Technologies was the largest company by market capitalisation in this filtered list and ended at its 5% upper circuit. 
• HFCL, MTAR Technologies, Quality Power, KRN Heat Exchanger and Ujaas Energy also finished at their applicable upper price bands. 
• ESDS Software Solution hit a 20% upper circuit after making its stock-market debut on September 4. 
• Diamond Power Infrastructure touched its upper circuit intraday but ended below the upper band. 
• The 10 stocks have been arranged in descending order of market capitalisation, with smaller and less-established counters excluded where larger circuit hitters were available. 

10 Stocks That Hit Upper Circuit on September 4, 2026

Several Indian stocks reached their applicable upper price bands during Friday's session. The list below focuses on relatively larger main-board companies and is arranged from highest to lowest market capitalisation. 

Circuit levels can vary slightly between NSE and BSE where the previous closing reference prices differ. The table uses the exchange level at which the applicable upper price band was recorded. 

Sterlite Technologies Ends at 5% Upper Circuit 

Sterlite Technologies ended Friday at ₹748.90, exactly 5% above its previous close of ₹713.25. The stock remained at the upper price band through the session. 

The move followed the company's announcement of a ₹3,000 crore capital expenditure programme for its existing manufacturing operations. The proposed expansion is aimed at increasing optical fibre cable manufacturing capacity by around 50% by the end of FY29. 

At approximately ₹38,487 crore, Sterlite Technologies had the highest market capitalisation among the 10 companies in this filtered list. 

HFCL and MTAR Technologies Finish at Upper Bands 

HFCL ended at ₹231.44, up 5% for the session, with a market capitalisation of around ₹35,424 crore. 

MTAR Technologies also reached its applicable 5% upper price band. The stock ended at ₹7,149.35 on BSE, compared with its previous close of ₹6,808.95. Its market capitalisation stood at around ₹21,917 crore. 

The two companies ranked second and third respectively in this list based on market capitalisation. 

Diamond Power Touches Upper Circuit but Closes Below It 

Diamond Power Infrastructure demonstrates the distinction between a stock that hits an upper circuit and one that closes at the upper circuit. 

The stock reached an intraday high of ₹339, equal to its upper price band for the session. It subsequently moved lower and ended at ₹331.80, up 2.76% from its previous close of ₹322.90. 

It therefore qualifies for the daily upper-circuit list because the upper band was reached during trading, although it was no longer at that level when the market closed. 

Quality Power and KRN Heat Exchanger Reach 5% Bands 

Quality Power Electrical Equipments ended at ₹1,495.30, up 5%, with a market capitalisation of approximately ₹11,580 crore. 

KRN Heat Exchanger & Refrigeration finished at ₹1,581.10, a gain of around 5%, with its market capitalisation at approximately ₹9,827 crore. 

Both stocks remained at their applicable upper price bands at the end of the session. 

ESDS Software Hits Upper Circuit on Listing Day 

ESDS Software Solution made its stock-market debut on September 4 after an IPO issue price of ₹429 per share. 

The stock listed at ₹757 on the NSE, representing a 76.46% premium to its issue price. It subsequently advanced another 20% from the listing price to reach ₹908.40. 

At ₹908.40, ESDS was approximately 111.75% above its IPO issue price. Its market capitalisation stood at around ₹10,647 crore. 

Since September 4 was the company's first trading session, its 20% circuit movement is measured from its listing reference price rather than a previous day's closing price. 

Jindal Worldwide Ends 20% Higher 

Jindal Worldwide ended at ₹57.78, representing a 20% increase from its previous close of ₹48.15. 

The ₹57.78 level was also a fresh 52-week high. The stock had similarly risen 20% in the previous session, making September 4 its second consecutive session with a 20% gain. 

Its market capitalisation stood at around ₹5,792 crore at the end of Friday's trading. 

Ujaas Energy and TBZ Also Close at Upper Circuits 

Ujaas Energy ended at ₹241.60, up 5% from its previous close of ₹230.10. 

Tribhovandas Bhimji Zaveri ended at its 10% upper circuit. On the BSE, the stock closed at ₹472.50 against a previous close of ₹429.55. The stock also reached a fresh 52-week high during the session. 

The move in TBZ came after the proposed acquisition of a controlling stake in the jewellery retailer by GRT Jewellers became a key company-specific development during the week. 

An upper circuit represents the maximum upward price movement permitted for a security under its applicable price band during a trading session. Different securities can have different price bands, which is why the percentage gains in an upper-circuit list can range from 5% to 20%.