While the Indian market witnessed significant volatility in the last 5 weeks, with the Nifty experiencing a steep correction from 26,277 to 23,800 followed by a recovery to 24,487, yesterday’s US election uncertainty pushed it back to 24,200. However, amidst this turbulence, several stocks demonstrated remarkable resilience by hitting their upper circuits. 

These companies span across manufacturing, material handling, renewable energy, and electric vehicle sectors. They showcase that strong business fundamentals and sector-specific growth drivers can help stocks outperform even in challenging market conditions.

1. Lokesh Machines Limited

Lokesh Machines Ltd. is an Indian manufacturer specializing in precision CNC (computer numerical control) machines, offering a range of products like vertical machining centers and horizontal boring machines.

The company serves sectors such as automotive, aerospace, and defense. Known for its technological expertise and innovation, Lokesh Machines delivers high-quality solutions with a focus on efficiency and reliability. Its strong engineering capabilities position it as a trusted name in the precision manufacturing industry.

CMP: Rs. 393.6, Upper Circuit: 20%

2. Hercules Hoists Limited

Hercules Hoists Ltd. specializes in manufacturing material handling equipment, such as hoists, cranes, and lifting devices. Serving industries like construction, mining, and manufacturing, the company is known for delivering high-quality, reliable lifting solutions.

Hercules Hoists focuses on safety, durability, and innovation, ensuring its products meet the diverse needs of industrial sectors. With a solid reputation for engineering excellence, Hercules is a trusted name in lifting and material handling solutions across India and internationally.

CMP: Rs. 239.61, Upper Circuit: 20%

3. Arrow Greentech  

Arrow Greentech Ltd. is a leading Indian manufacturer of environmentally sustainable products, focusing on water-soluble film. The company also developed India’s first water-soluble capsulated hygiene chemicals.

The company offers energy-efficient intellectual property designed to reduce carbon footprints and promote clean energy. Arrow Greentech’s commitment to sustainability has helped it become a key player in India’s renewable energy sector, catering to the growing demand for green technologies both domestically and internationally.

CMP: Rs. 1085.85, Upper Circuit: 10%

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4. Shakti Pumps  

Shakti Pumps (India) Ltd. is a leading manufacturer of pumps and pumping systems, with a focus on energy-efficient and solar-powered solutions.

The company’s product range includes submersible, surface, and solar pumps, catering to industries like agriculture, water supply, and sewage treatment. Known for its commitment to sustainability and innovation, Shakti Pumps plays a key role in India’s push for renewable energy solutions, offering eco-friendly products that meet the needs of water management in both urban and rural areas.

CMP: Rs. 4,822.5, Upper Circuit: 5%

5. Tembo  

Tembo Global Industries is a leading industrial player specializing in the manufacturing and fabrication of metal products for various applications.

The company’s expertise spans Pipe Support Systems, Fasteners, Anchors, HVAC solutions, Anti-Vibration Systems, and equipment for industrial, commercial, utility, and OEM installations. With a focus on quality and precision, Tembo caters to diverse industries, providing reliable and durable solutions. Its strong manufacturing capabilities and commitment to innovation position Tembo as a key player in the global industrial supply market.

CMP: Rs. 662.85, Upper Circuit: 5%

Conclusion

Despite the broader market volatility triggered by global events and domestic factors, companies like Lokesh Machines, Hercules Hoists, Arrow Greentech, Shakti Pumps, and Tembo have shown exceptional strength by hitting their upper circuits. 

This performance underscores the market’s ability to recognize potential in specific sectors, particularly in manufacturing, green energy, and sustainable transportation. These stocks reflect investor confidence in companies that are aligned with India’s industrial growth, renewable energy push, and EV adoption. Their resilience during market turbulence suggests strong underlying fundamentals and growth prospects.

written by – Dipangshu

Disclaimer

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