Upper circuit Stocks on 10 November 2025
The Indian market started the week off well. As Q3 profits came in slowly and liquidity at home remained strong, investors kept positive.
The spotlight today again turned to mid- and small-cap stocks, especially those showing strong buying interest and hitting their upper circuit limits.
Markets such as the National Stock Exchange of India (NSE) define upper circuits to manage sharp price moves. NSE India+2India Infoline+2
Lower-end stocks such as Niraj Cement, Swan Defence & Heavy Industries, Take Solutions, and United Polyfab were highlighted in the list for “upper circuit” on 10 Nov 2025 by IIFL. India Infoline
Stocks That Hit the Upper Circuit
Here are a handful of names that triggered upper circuits today (or showed “only buyers” status), indicating strong demand and limited supply in the market.
| Company Name | Bid Qty | Last Price | Change | %Chg |
| ≈ Niraj Cement | ≈ 58188.00 | ≈ 31.68 | ≈ 2.88 | ≈ 10.00 |
| ≈ Zuari Agro Chem | ≈ 117834.00 | ≈ 263.7 | ≈ 12.55 | ≈ 5.00 |
| ≈ United Polyfab | ≈ 85716.00 | ≈ 45.8 | ≈ 2.18 | ≈ 5.00 |
| ≈ Laxmi Goldorna | ≈ 6728.00 | ≈ 272.7 | ≈ 12.95 | ≈ 4.99 |
Source: NSE & Moneycontrol | Date: 10 Nov 2025
*Prices are approximate and may vary with session.
These names reflect the general pattern: smaller companies, relatively low liquidity, and sharp buying interest pushing them to circuit limits.
What’s Behind the Move?
Why are such stocks hitting upper circuits today? Here are the main reasons:
Search for Yield and Liquidity
With the broader markets being mostly constant and large-cap stocks moving only a little, the focus switches to smaller stocks where there is greater room for growth.
The “only buyers” list reflects stocks where there are mainly buy orders and almost no sellers. ET Money+1
Sectoral Rotation
Some sectors appear to be in favour, niche software/tech names, speciality small-cap industrials, etc. That leads traders into stocks which may be more speculative but offer higher leverage.
News or Corporate Triggers
Though not every company has a blockbuster announcement today, hitting upper circuits often follows some positive news flow or expectation of one (earnings upgrades, contract wins, regulatory clarity). Exchanges themselves monitor upper/lower circuits to maintain market integrity. India Infoline
Psychology & Momentum
When a stock hits its upper circuit, it signals demand outstripping supply; that itself can attract more traders chasing the move. The “only buyers” condition is a clear sign of that dynamic. Moneycontrol+1
StockYaari’s Take
Here’s how we see it, what’s working and what you should keep in mind:
- The uptick in interest among mid- and small-cap names hitting upper circuits suggests a risk-on tilt among market participants. Good to see, but not without caveats.
- Stocks hitting upper circuits can be very volatile. They might keep running or turn around immediately. So, it’s important to keep an eye on delivery quantities, pricing action that stays the same, and any new business news.
- For investors: These moves can sometimes be trading opportunities, but for long-term holdings, it’s important to check fundamentals: is the business scalable, profitable, and cash flow positive?
- For traders: Stocks on the “only buyers” list or upper circuit list are flagged for high momentum; if you choose to participate, make sure your risk control is strong (stop-losses, position sizing)
Conclusion
In short: today’s action confirms that small- and mid-cap names are back in focus. Hitting the upper circuit means plenty of buzz and buying pressure. But remember, an upper circuit doesn’t always mean a sure long-term winner. It may signal momentum, but only those with underlying strength will sustain it.
Stay tuned: keep an eye on how these stocks behave in the next few days, whether volumes support the move, whether sellers re-enter, whether new news flows in.
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This analysis is for informational purposes only. Please consult a SEBI-registered financial advisor before investing.
– Chandan Pathak
Equity Research Analyst, StockYaari