Shringar House of Mangalsutra Ltd. Hits Upper Circuit on BSE, 12 October 2026

On 12 October 2026, Shringar House of Mangalsutra Ltd. (SHRINGARMS) hit the upper circuit on BSE at Rs 264.8, a 19.98% positive move from the previous close of Rs 220.7. The company's market cap stood at Rs 2128.26 crore. The upper circuit price for the session was Rs 264.8.

The Shringar House of Mangalsutra upper circuit came as buying interest met 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

• Shringar House of Mangalsutra Ltd. (SHRINGARMS) hit the upper circuit on BSE at Rs 264.8 on 12 October 2026.
• The session move was +19.98% against a previous close of Rs 220.7.
• Market capitalisation stood at Rs 2128.26 crore with a PE ratio of 17.59.
• 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	Shringar House of Mangalsutra Ltd.
Current Price / LTP	Rs 264.8
Day Move	19.98%
Previous Close	Rs 220.7
Day Open	Rs 223.8
Day High	Rs 264.8
Day Low	Rs 223
Upper Circuit Price	Rs 264.8
Upper Circuit Limit	Rs 264.8
Market Cap	Rs 2128.26 crore
Selected Exchange	BSE
PE Ratio	17.59

All figures above are as of 12 October 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

Shringar House of Mangalsutra Ltd. opened at Rs 223.8 on BSE, compared with a previous close of Rs 220.7. During the session, the stock traded between Rs 223 and Rs 264.8 before touching the upper circuit price of Rs 264.8.

The absolute day change was Rs 44.1, 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 264.8, which is the level the price reached.

Why Shringar House of Mangalsutra Ltd. Hit Upper Circuit

Shringar House of Mangalsutra 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 264.8.

What the Shringar House of Mangalsutra 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 Shringar House of Mangalsutra Ltd., the captured upper circuit price was Rs 264.8 on 12 October 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.

Shringar House of Mangalsutra Ltd. Fundamentals and Valuation

Available market data gives a fuller picture than price action alone. For Shringar House of Mangalsutra Ltd., PE ratio was 17.59, PB ratio was 2.99, book value was Rs 73.81, EPS was 12.55, ROE was 26.29%, ROCE was 27.12%, dividend yield was 0% and debt-to-assets ratio was 0.26, on a market cap of Rs 2128.26 crore. These are available financial indicators and should not be read as a buy, sell, or hold view.

At the reported PB ratio of 2.99, the market valued Shringar House of Mangalsutra Ltd. above its 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

Shringar House of Mangalsutra Ltd. belongs to the Diamond & Jewellery 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
Shanti Gold International Ltd.	Rs 2922.24 crore	15.68	3.9	38.08%
DEEPA JEWELLERS LIMITED	Rs 2368.02 crore	22.6	4.6	56.45%
Utssav CZ Gold Jewels Ltd.	Rs 2077.71 crore	35.18	9.8	36.92%
Motisons Jewellers Ltd.	Rs 2061.16 crore	30.89	3.3	15.26%
Renaissance Global Ltd.	Rs 1729.26 crore	15.85	1.13	6.27%

Shringar House of Mangalsutra Ltd.'s PE ratio was 17.59, compared with an available peer PE average of 24.04, calculated from the 5 peer companies that had a PE on record. This comparison is a valuation reference point, not a recommendation.

Technical Snapshot

The technical snapshot adds context: RSI was 37.2, the 50-day moving average was 215.55 and the 200-day moving average was 214.93.

Worth flagging: the RSI reading sits on the opposite side of neutral to the day move. Indicator values in the dataset can lag the live session, so they should be checked against a live chart before being relied on.

What Readers Should Know

The main confirmed fact is that Shringar House of Mangalsutra Ltd. hit the upper circuit on BSE at Rs 264.8 on 12 October 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 Shringar House of Mangalsutra Ltd. hit upper circuit on 12 October 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 SHRINGARMS share price on 12 October 2026?

The last traded price used in this article was Rs 264.8 on BSE. That price matched the upper circuit price captured for the event.

What was the upper circuit price for SHRINGARMS?

The upper circuit price was Rs 264.8. The stated exchange upper circuit limit was Rs 264.8. The event numbers in this article are aligned to BSE.

What is Shringar House of Mangalsutra Ltd.'s market cap and PE ratio?

Shringar House of Mangalsutra Ltd.'s market cap was Rs 2128.26 crore. PE ratio was 17.59.

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 12 October 2026.

Does hitting an upper circuit mean Shringar House of Mangalsutra 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 Shringar House of Mangalsutra 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 Shringar House of Mangalsutra Ltd. the stated limit was Rs 264.8. For this session, Shringar House of Mangalsutra Ltd. moved 19.98%.