Gujarat Natural Resources Hits 20% Upper Circuit, Stock Jumps ₹16.97 To ₹101.85 Amid Heavy Buying

Mumbai: Shares of Gujarat Natural Resources Ltd witnessed strong buying on Wednesday, with the stock hitting its 20 percent upper circuit during intraday trade.

The stock surged 19.99 percent, gaining Rs 16.97, to trade at Rs 101.85, compared with its previous close of Rs 84.88. The sharp rise attracted strong interest from traders and retail investors.

Nocil Shares Hit 20% Upper Circuit, Stock Surges ₹31.80 In Strong Single-Day Rally

Sharp Rally

The stock opened at Rs 83.20, slightly below its previous closing level, showing some early weakness.

However, buying momentum picked up quickly during the trading session. This pushed the stock to an intraday high of Rs 101.85, which also became its upper circuit level.

The stock also touched a day’s low of Rs 83.20, indicating volatility before the sharp upward move.

Airo Lam Shares Surge 20%, Stock Jumps From ₹85.49 To ₹102.58 In A Single Session

Strong Buying

Market experts say stocks hitting the upper circuit usually indicate very strong demand and very limited selling pressure.

Such moves are often seen when investors expect positive developments in business performance, earnings growth, or future expansion plans.

Although no immediate corporate trigger was visible, the sharp rise suggests improving market sentiment around the stock.

Valuation Watch