Source Industries (India) Ltd. Hits Upper Circuit on BSE, 21 September 2026
- September 21, 2026
- Posted by: Kunal Singla
- Category: News
On 21 September 2026, Source Industries (India) Ltd. (SOURCEIND) hit the upper circuit on BSE at Rs 59.78, a 2% positive move from the previous close of Rs 58.61. The company’s market cap stood at Rs 66.83 crore. The upper circuit price for the session was Rs 59.78.
The move was driven by buying interest against the exchange-defined price band. At the time of writing the stock was locked at its upper circuit level, which makes the session worth noting for short-term market participants.
Key Takeaways
- Source Industries (India) Ltd. (SOURCEIND) hit the upper circuit on BSE at Rs 59.78 on 21 September 2026.
- The session move was +2% against a previous close of Rs 58.61.
- Market capitalisation stood at Rs 66.83 crore with a PE ratio of 365.21.
- No official company announcement or verified catalyst was confirmed at the time of writing.
- A price band is an exchange trading rule, not a view on the company or a recommendation.
Key Market Data
| Metric | Value |
|---|---|
| Stock | Source Industries (India) Ltd. |
| Current Price / LTP | Rs 59.78 |
| Day Move | 2% |
| Previous Close | Rs 58.61 |
| Day Open | Rs 59.78 |
| Day High | Rs 59.78 |
| Day Low | Rs 59.78 |
| Upper Circuit Price | Rs 59.78 |
| Upper Circuit Limit | Rs 59.78 |
| Market Cap | Rs 66.83 crore |
| Selected Exchange | BSE |
| PE Ratio | 365.21 |
All figures above are as of 21 September 2026, sourced from Univest market data for the BSE listing. Only fields present in the source for this session are shown.
Price Action and Trading Activity
Source Industries (India) Ltd. opened at Rs 59.78 on BSE, compared with a previous close of Rs 58.61. During the session, the stock traded between Rs 59.78 and Rs 59.78 before touching the upper circuit price of Rs 59.78.
The absolute day change was Rs 1.17, while the percentage move was 2%. The event figures are kept to a single exchange so the numbers stay comparable.
The selected exchange matters because price bands, day range, and previous-close values can differ across exchanges. This article uses BSE consistently for the event table and narrative. The stated upper circuit limit for the session was Rs 59.78, which is the level the price reached.
Why Source Industries (India) Ltd. Hit Upper Circuit
Source Industries (India) Ltd. hit the upper circuit after buying interest pushed the stock to its exchange-defined price band. No official company announcement or verified external catalyst was confirmed at the time of writing, so the move should be read primarily through price action and market sentiment.
Because no verified catalyst was available, this article does not attribute the move to earnings, corporate action, sector news, or market rumours. If a confirmed announcement becomes available later, it should be added as a separate update.
Within the session the stock reached the upper circuit level of Rs 59.78.
What the Upper Circuit Means
An upper circuit is the maximum price level a stock is allowed to reach during a trading session under the applicable exchange price band. For Source Industries (India) Ltd., the captured upper circuit price was Rs 59.78 on 21 September 2026.
The circuit mechanism is meant to slow extreme price movement and keep trading orderly. It is a market-structure fact, not a return forecast. In this article, the upper circuit explains what happened in the session and where the price band was reached.
Source Industries (India) Ltd. Fundamentals and Valuation
Available market data gives a fuller picture than price action alone. For Source Industries (India) Ltd., PE ratio was 365.21, PB ratio was 14.9, book value was Rs 3.93, EPS was 0.16, ROE was 0.18%, ROCE was 0.18%, dividend yield was 0% and debt-to-assets ratio was 0.05, on a market cap of Rs 66.83 crore. These are available financial indicators and should not be read as a buy, sell, or hold view.
A PB ratio above 1 means the market price was above the reported book value per share. That premium can reflect growth expectations, asset quality, or simply thin trading in a smaller counter.
For investors tracking upper circuit moves, these metrics help separate the price event from the broader financial profile. A sharp one-day move can attract attention, but valuation and return ratios still need to be reviewed separately.
Peer and Sector Context
Source Industries (India) Ltd. belongs to the Textile industry. The peer table below uses available companies from the same sector or industry to give broader valuation context.
| Peer Company | Market Cap | PE | PB | ROE |
|---|---|---|---|---|
| Jindal Poly Films Ltd. | Rs 3158.53 crore | – | 1.01 | 35.18% |
| Kewal Kiran Clothing Ltd. | Rs 2995.6 crore | 20.23 | 3.11 | 17.92% |
| Sangam (India) Ltd. | Rs 2918.57 crore | 24.02 | 2.61 | 22.64% |
| Sportking India Ltd. | Rs 2588.46 crore | 16.02 | 2.17 | 72.82% |
| S.P. Apparels Ltd. | Rs 2494.53 crore | 23.67 | 2.57 | 14.16% |
A dash in the PE column means no PE ratio was carried for that company in the source data, which happens when reported earnings are negative or have not been refreshed. Those companies are left out of the average below rather than counted as zero.
Several of these peers are far larger by market capitalisation than Source Industries (India) Ltd. Size differences change liquidity and cost of capital, so the table is sector context rather than a like-for-like ranking.
Source Industries (India) Ltd.’s PE ratio was 365.21, compared with an available peer/sector PE average of 16.79, calculated from the 4 peer companies that had a PE on record. This comparison is a valuation reference point, not a recommendation.
Technical and Ownership Snapshot
The technical snapshot adds context: RSI was 99.64 and the 50-day moving average was 46.49.
Shareholding details were not available in the latest market dataset, so no conclusion is drawn about promoter, institutional, or public-shareholder activity.
What Readers Should Know
The main confirmed fact is that Source Industries (India) Ltd. hit the upper circuit on BSE at Rs 59.78 on 21 September 2026, with a 2% day move.
The practical limitation after an upper-circuit session is execution. Buyers queue at the band and sellers step back, so the quoted price is not necessarily a price you can transact at. The other limitation is that no official catalyst was confirmed at the time of writing.
Readers should treat upper circuit events as market updates, not standalone investment conclusions. The price band shows strong near-term interest, but follow-up analysis should consider business fundamentals, valuation, liquidity, risk, and confirmed company disclosures.
Frequently Asked Questions
Why did Source Industries (India) Ltd. hit upper circuit on 21 September 2026?
The stock reached its upper price band after buying interest during the session. No official company announcement or verified external catalyst was confirmed at the time of writing.
What was SOURCEIND share price on 21 September 2026?
The last traded price used in this article was Rs 59.78 on BSE. That price matched the upper circuit price captured for the event.
What was the upper circuit price for SOURCEIND?
The upper circuit price was Rs 59.78. The stated exchange upper circuit limit was Rs 59.78. The event numbers in this article are aligned to BSE.
What is Source Industries (India) Ltd.’s market cap and PE ratio?
Source Industries (India) Ltd.’s market cap was Rs 66.83 crore. PE ratio was 365.21.
Which exchange and data source were used?
The selected exchange was BSE. The article uses Univest market data available at the time of generation, captured on 21 September 2026.
Does hitting an upper circuit mean Source Industries (India) Ltd. is a buy or a sell?
No. A circuit is an exchange price-band rule that caps how far a stock can move in a single session. It carries no view on valuation or business quality and is not a recommendation. Any decision should rest on fundamentals, valuation, liquidity and your own risk tolerance.
Can you buy or sell Source Industries (India) Ltd. shares when the stock is at the upper circuit?
It is usually difficult. At the upper circuit, buy orders queue up while sellers step back, so there may be no counterparty at the quoted price. Orders can stay unfilled until the band opens up or sellers return.
What happens the next trading session after an upper circuit?
There is no fixed outcome. The band resets each session, so the stock can open freely, hit the same band again, or reverse. The exchange can also revise the applicable band width. The useful signals to watch are whether the company files any disclosure explaining the move.
What is the upper circuit limit set at for Indian stocks?
Exchange price bands are commonly set at 2%, 5%, 10% or 20% depending on the security, and the applicable band can be revised by the exchange. For Source Industries (India) Ltd. the stated limit was Rs 59.78. For this session, Source Industries (India) Ltd. moved 2%.
Footer Disclosure
This article is for informational purposes only and does not constitute investment advice. Research services are provided by Uniapps Investment Adviser Pvt. Ltd., a wholly owned subsidiary of Univest, SEBI RIA registration number INA000017639.
