10 Stocks That Hit Upper Circuit Today: HFCL, Lalithaa Jewellery and TBZ Lead 16 October List
Veena Lathe
- 0 min read
Last Updated: 16th October 2026 - 04:30 pm
Key Takeaways
- HFCL was the largest company in the list by market capitalisation at approximately ₹39,185 crore. The stock closed at ₹256.01, up 5.00%, which was also its upper price band for the session.
- Lalithaa Jewellery Mart touched ₹371.50 during the session but finished below that level at ₹370.05, up 4.58%. TBZ, meanwhile, finished at its upper band of ₹759.15, up 5.00%.
- Euro Pratik Sales recorded the largest closing percentage gain among the ten stocks, ending at ₹193.36, up 20.00%, after reaching the same level as its session high.
- Five stocks in the final top-10 list remained at their upper circuit at the end of trading, while five touched their upper bands during the session but subsequently traded below them.
An upper circuit represents the maximum upward price movement permitted for a security under its applicable daily price band. Reaching an upper circuit is a description of that day's trading activity and does not establish how the share will perform in subsequent sessions.
For 16 October 2026, qualifying main-board equities were ranked strictly by market capitalisation. SME securities, ETFs, preference shares, debt instruments and other non-equity securities were excluded.
10 Stocks That Hit Upper Circuit on 16 October 2026
| Rank | Stock | Market Cap | Upper Circuit | Closing Price | Day Change | Status |
|---|---|---|---|---|---|---|
| 1 | HFCL | ₹39,185 crore | ₹256.01 | ₹256.01 | +₹12.19 (+5.00%) | Closed at upper circuit |
| 2 | Lalithaa Jewellery Mart | ₹20,712 crore | ₹371.50 | ₹370.05 | +₹16.20 (+4.58%) | Touched upper circuit |
| 3 | Tribhovandas Bhimji Zaveri | ₹5,066 crore | ₹759.15 | ₹759.15 | +₹36.15 (+5.00%) | Closed at upper circuit |
| 4 | United Foodbrands | ~₹2,642 crore | ₹696.40 | ₹675.90 | +₹12.65 (+1.91%) | Touched upper circuit |
| 5 | STL Networks | ₹2,086 crore | ₹44.10 | ₹42.73 | +₹0.73 (+1.74%) | Touched upper circuit |
| 6 | Euro Pratik Sales | ~₹1,976 crore | ₹193.36 | ₹193.36 | +₹32.22 (+20.00%) | Closed at upper circuit |
| 7 | Raj Rayon Industries | ₹1,252 crore | ₹23.41 | ₹22.51 | -₹0.45 (-1.96%) | Touched upper circuit |
| 8 | Nupur Recyclers | ₹1,166 crore | ₹168.85 | ₹168.85 | +₹3.31 (+2.00%) | Closed at upper circuit |
| 9 | Manoj Vaibhav Gems 'N' Jewellers | ₹1,100 crore | ₹230.36 | ₹225.27 | +₹15.85 (+7.57%) | Touched upper circuit |
| 10 | Bafna Pharmaceuticals | ₹1,091 crore | ₹461.35 | ₹461.35 | +₹9.00 (+1.99%) | Closed at upper circuit |
Market-cap values are rounded. United Foodbrands' closing-day market capitalisation was derived using its NSE closing price and approximately 39.09 million outstanding shares, while Euro Pratik Sales' figure was similarly derived using its closing price and approximately 102.20 million shares outstanding.
HFCL Leads the Upper-Circuit List
HFCL was the largest company by market capitalisation among the qualifying stocks. It ended the session at ₹256.01, exactly at its day's high, after rising ₹12.19 or 5.00% from the previous close of ₹243.82. Its market capitalisation was approximately ₹39,185 crore.
The stock therefore falls into the closed at upper circuit category rather than merely having touched the upper band intraday.
Lalithaa Jewellery and TBZ Reach Their Upper Bands
Lalithaa Jewellery Mart, the second-largest company in the list at approximately ₹20,712 crore, reached ₹371.50 during the session. It subsequently finished at ₹370.05, representing a gain of ₹16.20 or 4.58%.
TBZ ranked third with a market capitalisation of approximately ₹5,066 crore. Its day's high and final traded price were both ₹759.15, up ₹36.15 or 5.00% from ₹723.00.
Stocks That Touched Upper Circuit but Closed Below It
The distinction between touching and closing at the upper band was visible across several stocks.
United Foodbrands reached its applicable ₹696.40 upper level during the session but ended at ₹675.90. The NSE closing price was ₹12.65, or 1.91%, above the previous session.
STL Networks traded as high as ₹44.10 before finishing at ₹42.73, up 1.74%.
Raj Rayon Industries provides an even clearer example of why the distinction matters. It opened and traded as high as ₹23.41 but subsequently fell to ₹22.51, finishing the day 1.96% below its previous close.
Manoj Vaibhav Gems 'N' Jewellers also reached ₹230.36 before closing at ₹225.27, still up 7.57% for the session.
Stocks Recording the Largest Percentage Moves
Euro Pratik Sales recorded the largest percentage gain in the top-10 group. It closed at ₹193.36, up ₹32.22 or 20.00% from ₹161.14, with the closing price matching the day's high.
Manoj Vaibhav Gems 'N' Jewellers followed with a 7.57% closing gain, while HFCL and TBZ each finished 5.00% higher.
Nupur Recyclers closed at ₹168.85, up exactly 2.00%, with its day's trading range restricted to that price. Bafna Pharmaceuticals also remained at its upper band at ₹461.35, up 1.99%.
Frequently Asked Questions
Which was the largest stock to hit upper circuit on 16 October 2026?
How many of the top 10 stocks closed at upper circuit?
Which stock recorded the largest percentage gain?
Can a stock touch upper circuit and still end the day lower?
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