Rappid Valves (India) Ltd. Hits Upper Circuit on NSE, 17 September 2026
- September 17, 2026
- Posted by: Harsh Piplani
- Category: News
On 17 September 2026 at 3:12 pm, Rappid Valves (India) Ltd. (RAPPID) hit the upper circuit on NSE at Rs 370.6, a 19.97% positive move from the previous close of Rs 308.9. The company’s market cap stood at Rs 160.38 crore. The upper circuit price for the session was Rs 370.65.
The move was driven by buying interest against the exchange-defined price band. The stock finished the session at its upper circuit level, which makes the day worth noting for short-term market participants.
Key Takeaways
- Rappid Valves (India) Ltd. (RAPPID) hit the upper circuit on NSE at Rs 370.65 on 17 September 2026.
- The session move was +19.97% against a previous close of Rs 308.9.
- Market capitalisation stood at Rs 160.38 crore with a PE ratio of 24.76.
- 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 | Rappid Valves (India) Ltd. |
| Current Price / LTP | Rs 370.6 |
| Day Move | 19.97% |
| Previous Close | Rs 308.9 |
| Day Open | Rs 305 |
| Day High | Rs 370.65 |
| Day Low | Rs 305 |
| Upper Circuit Price | Rs 370.65 |
| Upper Circuit Limit | Rs 370.65 |
| Market Cap | Rs 160.38 crore |
| Selected Exchange | NSE |
| PE Ratio | 24.76 |
All figures above are as of 17 September 2026 at 3:12 pm IST, sourced from Univest market data for the NSE listing. Only fields present in the source for this session are shown.
Price Action and Trading Activity
Rappid Valves (India) Ltd. opened at Rs 305 on NSE, compared with a previous close of Rs 308.9. During the session, the stock traded between Rs 305 and Rs 370.65 before touching the upper circuit price of Rs 370.65.
The absolute day change was Rs 61.7, while the percentage move was 19.97%. The event figures are kept to a single exchange so the numbers stay comparable.
The selected exchange matters because price bands, day range, turnover, and previous-close values can differ across exchanges. This article uses NSE consistently for the event table and narrative. The stated upper circuit limit for the session was Rs 370.65, which is the level the price reached.
Why Rappid Valves (India) Ltd. Hit Upper Circuit
Rappid Valves (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, turnover, 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.
The stock held firm through the session and eventually reached the upper circuit level of Rs 370.65.
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 Rappid Valves (India) Ltd., the captured upper circuit price was Rs 370.65 on 17 September 2026 at 3:12 pm.
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.
Rappid Valves (India) Ltd. Fundamentals and Valuation
Available market data gives a fuller picture than price action alone. For Rappid Valves (India) Ltd., PE ratio was 24.76, PB ratio was 3.74, book value was Rs 82.68, EPS was 12.48, ROE was 0%, ROCE was 24.65%, dividend yield was 0% and debt-to-assets ratio was 0.2, on a market cap of Rs 160.38 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
Rappid Valves (India) Ltd. belongs to the Engineering – Industrial Equipments industry within the Capital Goods sector. 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 |
|---|---|---|---|---|
| Jash Engineering Ltd. | Rs 3138.52 crore | 35.92 | 5.98 | 19.56% |
| Windsor Machines Ltd. | Rs 3110.51 crore | 455.04 | 3.93 | 3.87% |
| HLE Glascoat Ltd. | Rs 2758.05 crore | 80.96 | 5.41 | 54.6% |
| Kilburn Engineering Ltd. | Rs 2616.06 crore | 29.44 | 3.25 | -121.35% |
| Concord Control Systems Ltd. | Rs 2469.38 crore | 57.4 | 12.84 | 33.89% |
Several of these peers are far larger by market capitalisation than Rappid Valves (India) Ltd. Size differences change liquidity and cost of capital, so the table is sector context rather than a like-for-like ranking.
Rappid Valves (India) Ltd.’s PE ratio was 24.76, compared with an available peer/sector PE average of 131.75, calculated from the 5 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 70.52.
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 Rappid Valves (India) Ltd. hit the upper circuit on NSE at Rs 370.65 on 17 September 2026 at 3:12 pm, with a 19.97% 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 Rappid Valves (India) Ltd. hit upper circuit on 17 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 RAPPID share price on 17 September 2026?
The last traded price used in this article was Rs 370.6 on NSE.
What was the upper circuit price for RAPPID?
The upper circuit price was Rs 370.65. The stated exchange upper circuit limit was Rs 370.65. The event numbers in this article are aligned to NSE.
What is Rappid Valves (India) Ltd.’s market cap and PE ratio?
Rappid Valves (India) Ltd.’s market cap was Rs 160.38 crore. PE ratio was 24.76.
Which exchange and data source were used?
The selected exchange was NSE. The article uses Univest market data available at the time of generation, captured on 17 September 2026 at 3:12 pm.
Does hitting an upper circuit mean Rappid Valves (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 Rappid Valves (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 turnover holds up and 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 Rappid Valves (India) Ltd. the stated limit was Rs 370.65. For this session, Rappid Valves (India) Ltd. moved 19.97%.
Footer Disclosure
Generated on 17 September 2026 at 3:12 pm using Univest market data. This article is for informational purposes only and does not constitute investment advice. SEBI RIA registration number INA000017639.
