10 Stocks That Hit Upper Circuit Today: Sterlite Technologies, HFCL and MTAR Technologies Lead October 1 List

Key Takeaways

• Sterlite Technologies was the largest company in the October 1 upper-circuit set, with a market capitalisation of around ₹46,000 crore. The stock touched its 5% upper band of ₹955.35 before closing substantially below that level at ₹900.10.
• HFCL reached its 5% upper circuit of ₹238.37, extending a run in which the stock had also finished at its upper price band in the previous two sessions.
• MTAR Technologies touched ₹8,186.50, its 5% upper limit, but eventually closed at ₹7,770.00, down 0.35% for the session. This provides a clear example of why touching an upper circuit is different from closing there.
• Several stocks remained locked at their upper bands, including Sigma Advanced Systems, Augmont Enterprises, Reliance Infrastructure and Modison.

Indian equities saw a broad market decline on Thursday, October 1, but a smaller set of individual shares reached their applicable upper price bands during the session.

The list below is restricted to main-board equity shares and excludes SME securities, ETFs, preference shares and debt instruments. Qualifying stocks have been ranked strictly by market capitalisation rather than by percentage gain.

10 Stocks That Hit Upper Circuit on October 1

*Exchange-level quote feeds for Indo Tech Transformers showed differences during the session. The upper-band event and ₹3,350.80 BSE level were independently recorded; exchange-specific prices can differ.

Sterlite Technologies Leads the List

Sterlite Technologies was the largest qualifying company by market capitalisation.

The stock began the session at ₹955.35, exactly at its NSE upper price band after a previous close of ₹909.90. It later traded as low as ₹889 before finishing at ₹900.10.

The closing price was therefore 1.08% below the previous day's close even though the stock had touched its upper circuit earlier in the session.

That difference is important when interpreting circuit data: reaching the day's maximum permitted level does not mean the security remained there until the closing bell.

HFCL Reaches Its 5% Upper Band Again

HFCL touched ₹238.37, representing a 5% increase from its previous close of ₹227.02.

The stock remained at the upper end of its permitted trading range, after also reaching 5% upper bands in the preceding sessions.

Its October 1 range extended from approximately ₹227.10 to ₹238.37. With a market capitalisation of around ₹34,700 crore, HFCL ranked second in the market-cap-based list.

MTAR Technologies Touches ₹8,186.50 Before Reversing

MTAR Technologies showed one of the clearest touched-versus-closed divergences of the session.

Its share price opened at ₹8,186.50, equal to its 5% upper circuit, after a previous close of ₹7,797. The stock subsequently traded down to ₹7,525.50 before finishing at ₹7,770.

The eventual closing move was a decline of 0.35%, despite the stock having qualified as an upper-circuit hitter earlier in the day.

Sigma Advanced Systems and Augmont Stay at Their Upper Bands

Sigma Advanced Systems traded at ₹1,076.90, up 4.99% from ₹1,025.70. Its session price remained at the upper-band level, placing the company's market capitalisation at roughly ₹19,400 crore.

Augmont Enterprises reached ₹1,195.20, a 10% increase for the day. Its market capitalisation was approximately ₹10,900 crore, putting it fifth in the ranked list.

The two stocks had different applicable price bands, illustrating that the maximum permitted daily movement is not identical across all listed shares.

Hero Motors Touches Its Upper Limit but Trades Below It

Hero Motors reached approximately ₹167.80 during the session, close to 10% above its previous closing price of ₹152.55. 

The share subsequently traded back towards ₹164, leaving the eventual gain below the maximum permitted move. 

With a market capitalisation of roughly ₹7,500 crore during the session, Hero Motors ranked sixth among the qualifying companies.

Indo Tech, Reliance Infrastructure and Modison Reach Their Bands

Indo Tech Transformers reached a 5% upper-band level around ₹3,350.80 on BSE. Its market capitalisation was approximately ₹3,560 crore.

Reliance Infrastructure reached ₹46.48, around 5% above its previous close, with the stock remaining at its permitted upper level. Its market capitalisation was close to ₹1,900 crore.

Modison also reached its 5% price band, trading at ₹486.05. At that price, its market capitalisation was approximately ₹1,500 crore.

NINtec Systems Completes the Top 10

NINtec Systems touched ₹807.50 on BSE, exactly 5% above the previous close of ₹769.05.

The stock had opened at ₹787 and traded between ₹780.90 and ₹807.50 before moving away from the upper limit later in the session.

At around ₹1,430 crore, its market capitalisation placed it tenth among the larger independently verified main-board circuit hitters.

What Is an Upper Circuit?

An upper circuit represents the maximum upward price movement permitted for a security under its applicable daily price band.

Individual securities can carry different bands, including 2%, 5%, 10% or 20%. Exchange surveillance measures can also result in changes to applicable bands over time.

A stock can touch the upper circuit and later trade below it if sellers become available. Therefore, an upper-circuit event describes a trading-range event during the session and does not establish how the stock will perform subsequently.