Upper Circuit stocks: Allcargo, Affle India, CG Power shine

Volatility in markets can be seen during today’s trading session. After opening up in positive, Sensex continued to fluctuate, oscillating in the red and green territory.

Taking cues from other Asian markets that rose due to the progress seen in US-China trade talks and following another record close on Wall Street; the shares in the domestic markets were positively biased with an upward trend.

On Tuesday, the shares of Dish TV India locked in at its upper circuit gaining by nearly 10 per cent after CARE Ratings Limited revised the ratings of the company’s short-term bank facilities from CARE D to CARE A4.

Allcargo Logistics Ltd announced that its promoter group, including Shashi Kiran Shetty and Talentos Entertainment Pvt Ltd, plans to delist the equity shares of the company. As a result, the company’s stock zoomed by 20 per cent on BSE.

The shares of Autoline Industries rose on BSE after the company announced the details of its scheme for restructuring of the outstanding loan amount of around Rs 48.13 crore with JM Financial Asset Reconstruction Company Limited (JMFARC0).

On the other hand, Hindustan Organic Chemicals and Vivimed Labs tumbled by almost 5 per cent each thus, hitting their lower circuit.