Manugraph India Ltd. Hits Upper Circuit on BSE, 23 September 2026

On 23 September 2026, Manugraph India Ltd. (MANUGRAPH) hit the upper circuit on BSE at Rs 24.2, a 19.98% positive move from the previous close of Rs 20.17. The company's market cap stood at Rs 61.35 crore. The upper circuit price for the session was Rs 24.2.

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

• Manugraph India Ltd. (MANUGRAPH) hit the upper circuit on BSE at Rs 24.2 on 23 September 2026.
• The session move was +19.98% against a previous close of Rs 20.17.
• Market capitalisation stood at Rs 61.35 crore with a PE ratio of 10.97.
• 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	Manugraph India Ltd.
Current Price / LTP	Rs 24.2
Day Move	19.98%
Previous Close	Rs 20.17
Day Open	Rs 21
Day High	Rs 24.2
Day Low	Rs 21
Upper Circuit Price	Rs 24.2
Upper Circuit Limit	Rs 24.2
Market Cap	Rs 61.35 crore
Selected Exchange	BSE
PE Ratio	10.97

All figures above are as of 23 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

Manugraph India Ltd. opened at Rs 21 on BSE, compared with a previous close of Rs 20.17. During the session, the stock traded between Rs 21 and Rs 24.2 before touching the upper circuit price of Rs 24.2.

The absolute day change was Rs 4.03, while the percentage move was 19.98%. 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 24.2, which is the level the price reached.

Why Manugraph India Ltd. Hit Upper Circuit

Manugraph 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 24.2.

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 Manugraph India Ltd., the captured upper circuit price was Rs 24.2 on 23 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.

Manugraph India Ltd. Fundamentals and Valuation

Available market data gives a fuller picture than price action alone. For Manugraph India Ltd., PE ratio was 10.97, PB ratio was 0.94, book value was Rs 21.54, EPS was 1.84, ROE was 8.9%, ROCE was 12.62%, dividend yield was 0% and debt-to-assets ratio was 0.05, on a market cap of Rs 61.35 crore. These are available financial indicators and should not be read as a buy, sell, or hold view.

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

Manugraph 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
HLE Glascoat Ltd.	Rs 3252.57 crore	86.45	5.77	33.19%
Windsor Machines Ltd.	Rs 3052.05 crore	462.5	4.4	0.78%
Kilburn Engineering Ltd.	Rs 2579.1 crore	33.03	3.82	2.61%
OBSC Perfection Ltd.	Rs 2501.37 crore	92.59	13.68	27.11%
Kabra Extrusiontechnik Ltd.	Rs 2364.69 crore	4596.48	5.3	9.97%

Several of these peers are far larger by market capitalisation than Manugraph India Ltd. Size differences change liquidity and cost of capital, so the table is sector context rather than a like-for-like ranking.

Manugraph India Ltd.'s PE ratio was 10.97, compared with an available peer/sector PE average of 1054.21, 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 50.2, the 50-day moving average was 15.78 and the 200-day moving average was 15.

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 Manugraph India Ltd. hit the upper circuit on BSE at Rs 24.2 on 23 September 2026, with a 19.98% 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 Manugraph India Ltd. hit upper circuit on 23 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 MANUGRAPH share price on 23 September 2026?

The last traded price used in this article was Rs 24.2 on BSE. That price matched the upper circuit price captured for the event.

What was the upper circuit price for MANUGRAPH?

The upper circuit price was Rs 24.2. The stated exchange upper circuit limit was Rs 24.2. The event numbers in this article are aligned to BSE.

What is Manugraph India Ltd.'s market cap and PE ratio?

Manugraph India Ltd.'s market cap was Rs 61.35 crore. PE ratio was 10.97.

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 23 September 2026.

Does hitting an upper circuit mean Manugraph 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 Manugraph 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 Manugraph India Ltd. the stated limit was Rs 24.2. For this session, Manugraph India Ltd. moved 19.98%.

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.