Introduction

Recently, several upper circuit stocks have captured the attention of investors. Investing in these stocks can enhance gains and provide you with exciting trading opportunities. This blog aims to highlight the best upper circuit stocks that you can choose to invest in and make a part of your portfolio. Let's start.

What are upper circuit stocks?

Before listing the best upper circuit stocks, let’s understand what they are. Upper circuit stocks are stocks of companies that have reached the maximum percentage that the stock exchange allows for a specific trading day. Stock exchanges have placed this circuit along with the lower counterpart to prevent wild price fluctuation and maintain market stability.

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Best upper circuit stocks

Now that you know the meaning of upper circuit stocks, let’s look at the best ones to invest in to make gains and build a diversified portfolio. Here’s the list of the top upper circuit stocks as of April 5, 2024.

• AAVAS Financers Ltd

AAVAS Financers Ltd trading on the National Stock Exchange (NSE) reached a high of 1620. The company is into providing home loans to several semi-urban and rural areas in India. It's a Jaipur-based housing company and offers several types of home loans, including home construction loans, home improvement loans, loan against property, etc.

• eMudhra Ltd

eMudhra Ltd is an IT software company trading on the NSE reached a high of 778.70. The company provides software services and is playing an integral role in shaping India’s digital dream. Powering India’s digital initiatives, the company serves various industry verticals including banking, healthcare, and manufacturing.

• IZMO Ltd

IZMO Ltd is also in IT software and trades at the NSE. It reached a high of 344.15 on the exchange. The company is known to offer high-end automotive e-retailing solutions across continents and in countries located in Asia, Europe, and North America. The company also boasts of owning an extensive library dedicated to automotive content.

• Deccan Gold Mines Ltd

Deccan Gold Mines Ltd is the only gold exploration company to find its place on the Bombay Stock Exchange (BSE). It reached an upper circuit of 125.40. With a track record of more than two decades, Deccan Gold Mines Ltd enjoys a leading position in India’s gold exploration activities. The company is known for responsible mining, innovative engineering, and sustainable growth.

• Nilkamal Ltd

Nilkamal needs no introduction. It’s one of India’s and Asia’s premier plastic products companies, manufacturing a range of moulded plastic furniture. Maintaining its dominant position in the market for over two decades, Nilkamal Ltd has carved a niche in the plastic product space with its innovative and cutting-edge offerings. It reached an upper circuit of 2115.25.

Investing in upper circuit stocks to build a diversified portfolio

Now that you know the best upper circuit stocks, the question is how to invest in them to build a diversified portfolio. You can follow these rules to make a wise investment choice:​​​​​​​

• Invest across different industries

To build a diversified portfolio, invest across companies in different industries. Avoid putting all eggs in one basket. Optimum diversification ensures that your portfolio doesn’t depend on the performance of a single stock. If one stock fails to perform well, the other will compensate. Note that different stocks behave differently to market events. You can easily create an all-weather portfolio by spreading your investments across industries.

• Be aware of market developments

Closely monitor market developments and analyse how they will affect the stocks you plan to invest. Try reading between the lines and go deep. Subscribe to newsletters, read financial papers online, and interact with professionals to learn how markets are shaping.

• Meticulously plan entry and exits

Meticulous planning of entry and exit points can help you make meaningful gains and avoid losses in case markets nosedive. A strong watch on fundamental and technical factors can help you know when to enter and when to leave.

Wrapping it up

Investing in upper circuit stocks can help you make high gains quickly. That said, to derive maximum advantage, you need to conduct extensive research on a company and be aware of trading patterns and volumes.

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