Today, 7 halal stocks jumped by 20 percent, hitting their 20 percent upper circuit mark, as the markets rebounded sharply, reflecting increased participation from Shariah-compliant investors and market participants. However, such a sudden rise in price levels can heighten the volatility of these stocks; therefore, investors should proceed cautiously while considering fresh positions or holding on to these counters.
Here is the list of 7 halal Stocks that hit 20 percent Upper circuit Mark on the BSE Exchange:
| Stock Name | Closing Price (₹) | Market Cap (₹ Cr) |
| Hilton Metal Forging Ltd. | 61.3 | 145 |
| Ginni Filaments Ltd. | 33.2 | 284 |
| IFGL Refractories Ltd. | 441 | 1,593 |
| High Energy Batteries (India) Ltd. | 576 | 517 |
| Man Industries (India) Ltd. | 314 | 2,034 |
| NDR Auto Components Ltd. | 885 | 2,104 |
| Birla Corporation Ltd. | 1,270 | 9,772 |
Also Read : Top 10 listed AC Companies in India with Halal Status
Introduction to 7 Halal Stocks that hit 20% upper circuit today
Man Industries (India) Ltd.
A leading player in the pipes and tubes manufacturing sector, Man Industries boasts a market capitalization of ₹2,034 Crores. On Monday, the stock surged 20%, locking in at its upper circuit price of ₹314.25 per share, up from ₹261.90. The sharp rally comes amid rising demand from infrastructure and oil & gas projects, boosting investor sentiment in the counter.
Birla Corporation Ltd.
Part of the MP Birla Group, Birla Corporation operates primarily in the cement and jute sectors. With a sizeable market capitalization of ₹9,770 Crores, the stock hit its 20% upper circuit on Monday, jumping to ₹1,268.80 from its previous ₹1,057.40 close. The stock has seen renewed buying interest, supported by steady operational performance and upbeat projections in the cement industry.
NDR Auto Components Ltd.
Specializing in automotive seating systems, NDR Auto Components has steadily gained traction in the auto ancillary segment. The company, with a ₹2,103 Crore market cap, witnessed a 20% jump to hit ₹884.40 per share, climbing from ₹737. The surge is attributed to improving vehicle sales numbers and strong quarterly results.
High Energy Batteries (India) Ltd.
A niche player catering to defense and industrial battery requirements, High Energy Batteries commands a market capitalization of ₹517 Crores. The stock hit its upper circuit of ₹576 on Monday, rising from ₹480. Investors have shown keen interest, anticipating strong order inflows from defense and aerospace contracts.
Hilton Metal Forging Ltd.
Engaged in manufacturing forged components for various industries, Hilton Metal Forging carries a market cap of ₹145 Crores. Its stock price rallied 20% to ₹61.30, up from ₹51.08. The company has been drawing attention due to increased infrastructure activity and steady demand from the oil & gas segment.
Ginni Filaments Ltd.
Operating in the textiles and personal care space, Ginni Filaments holds a market capitalization of ₹284 Crores. The stock surged by 20%, closing at ₹33.20, compared to ₹27.66 earlier. The rally follows increased export orders and improving domestic demand for its hygiene products and textiles.
IFGL Refractories Ltd.
A major supplier of refractory products to the steel industry, IFGL Refractories has a market cap of ₹1,593 Crores. The stock touched its 20% upper circuit on Monday, moving to ₹441 from ₹367.50. The stock’s rise is likely fueled by the robust recovery in the metals sector and rising global steel demand.
Conclusion
The sharp rally in these 7 halal stocks reflects the growing optimism in specific sectors like infrastructure, auto components, textiles, and specialty manufacturing. While the 20% surge in a single trading session is impressive, it also increases the short-term volatility in these counters. Investors should remain cautious, avoid chasing momentum blindly, and always review the fundamentals before taking any position.
Important Note: The stocks mentioned above are considered Halal as per their latest available financial reports and shariah screening criteria. However, since a company’s financial ratios and business activities can change over time, it’s advisable to regularly monitor the Halal status of these stocks before making fresh investments or holding long-term positions.
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