10 Stocks That Hit Upper Circuit Today: MTAR Technologies, Lalithaa Jewellery Mart and Sigma Advanced Systems Lead 28 October List

Key Takeaways

• MTAR Technologies was the largest company by market capitalisation in the 28 October upper-circuit list, touching ₹7,079 during the session before closing at ₹6,924.50.
• Lalithaa Jewellery Mart touched ₹357.20 and ended at ₹356.75, while Sigma Advanced Systems finished at its upper band near ₹904.30.
• KRN Heat Exchanger & Refrigeration, Websol Energy System and Kabra Extrusion Technik recorded closing gains of about 5% and finished at their respective upper price bands.
• The list includes both stocks that finished at upper circuit and stocks that merely touched the applicable upper band intraday, including MTAR Technologies, Lalithaa Jewellery Mart, Shanthi Gears and HLE Glascoat.

The Indian equity market session on 28 October 2026 saw several main-board shares reach their applicable upper price bands. When eligible companies are ranked strictly by market capitalisation, MTAR Technologies, Lalithaa Jewellery Mart and Sigma Advanced Systems emerged as the three largest names in the day's list.

The selection below is restricted to main-board equity shares and excludes SME securities, ETFs, preference shares, debt securities and other non-equity instruments. Market-capitalisation figures are rounded reference values used for ranking.

10 Stocks That Hit Upper Circuit on 28 October 2026

Post-market price records show MTAR's ₹7,079 intraday high versus its ₹6,924.50 finish, while Sigma, Standard Engineering, KRN Heat Exchanger, Hero Motors and Websol finished at or around their applicable upper bands.

MTAR Technologies Leads the Upper-Circuit List

MTAR Technologies ranked first by market capitalisation. The stock reached ₹7,079 during the session, representing its applicable upper price band, but subsequently traded below that level and finished at ₹6,924.50. Its closing gain was about 2.71% from the previous session.

This makes MTAR an example of why reaching an upper circuit intraday should not automatically be described as closing at upper circuit.

Lalithaa Jewellery Mart and Sigma Advanced Systems Reach Their Upper Bands

Lalithaa Jewellery Mart was the second-largest company in the ranked list. It reached ₹357.20 during the session before closing marginally lower at ₹356.75, up about 4.86%.

Sigma Advanced Systems ranked third. Its NSE price finished at ₹904.30, a gain of about 4.99%, matching its upper price band for the session.

Standard Engineering Technology, KRN Heat Exchanger & Refrigeration and Hero Motors also ended at their respective upper price bands. KRN closed at ₹1,178.90, while Hero Motors ended at ₹116.51.

Stocks That Touched Upper Circuit but Closed Below It

Four of the larger qualifying names demonstrate the distinction between touching and closing at an upper circuit.

MTAR Technologies touched ₹7,079 but finished at ₹6,924.50. Lalithaa Jewellery Mart reached ₹357.20 before ending slightly lower at ₹356.75.

Shanthi Gears touched ₹524.60 but finished at ₹500.40, leaving its full-session gain at about 0.15%.

HLE Glascoat also reached its applicable upper band during the session before moving back below it. This shows that an intraday circuit hit does not necessarily represent the stock's closing price.

Stocks Recording the Largest Percentage Moves

KRN Heat Exchanger & Refrigeration, Websol Energy System and Kabra Extrusion Technik recorded closing moves of about 5% and ended at their applicable upper price bands.

Sigma Advanced Systems, Standard Engineering Technology and Hero Motors were close behind, with gains of approximately 4.99%.

In contrast, Shanthi Gears and HLE Glascoat illustrate how a stock can touch its upper price band and still record a much smaller closing move, or even finish below its previous close.

An upper circuit represents the maximum upward price movement permitted for a security under its applicable daily price band. Reaching that level is a description of the day's trading range and does not indicate how the stock will perform in subsequent sessions.