Five Stocks Hit 10% Circuit: Top Gainers on Nepal Exchange — March 31, 2026

March 31, 2026 was a strong day for momentum traders on Nepal's stock exchange, as five stocks hit the 10% upper circuit limit in a single session. BJHL, HFIN, RLEL, RSML, and SKHL each surged 10% from their previous close, signaling concentrated buying interest across Hydropower, Hotels, Manufacturing, and Other sectors. This report breaks down every top gainer from today's NEPSE session.

Upper Circuit Stocks — March 31, 2026

A total of five stocks hit the 10% upper circuit on Nepal Stock Exchange on March 31, 2026. This is a notable event that signals strong buyer conviction in these counters. Here is the complete list:

Symbol	Company	LTP (Rs)	Prev Close (Rs)	Gain (Rs)	Sector
BJHL	Bhujung Hydropower Limited	578.60	526.00	+52.60	Hydropower
HFIN	Hotel Forest Inn Limited	349.80	318.00	+31.80	Hotels
RLEL	RLEL	399.30	363.00	+36.30	Other
RSML	Reliance Spinning Mills Ltd	2,679.30	2,436.00	+243.30	Manufacturing
SKHL	Super Khudi Hydropower Ltd	483.10	439.40	+43.70	Hydropower

Close Runners-Up (9-10% Range)

Symbol	LTP (Rs)	Change (%)	Sector
SKHEL	378.20	+9.97%	Other

What Multiple Upper Circuits Mean for NEPSE

When five or more stocks hit the upper circuit in a single session, it typically signals one or more of the following market conditions:

• Broad bullish sentiment: Buyers are willing to pay the maximum allowed price, indicating strong demand.
• Sector rotation: Today's circuits span four different sectors (Hydropower, Hotels, Manufacturing, Other), suggesting money is flowing broadly rather than into one concentrated theme.
• Momentum continuation: Stocks that hit the circuit often continue to attract buyers in subsequent sessions, especially if the broader market remains positive.
• Potential for follow-through: With NEPSE itself up 0.69% and Manufacturing up 1.94%, the market backdrop supports further momentum in these names.

RSML — The High-Value Circuit Leader

Reliance Spinning Mills (RSML) is particularly notable as it hit the 10% circuit at Rs 2,679.30 — one of the highest-priced stocks on NEPSE. This means each share gained Rs 243.30 in a single session, representing significant absolute value appreciation for holders.

What to Watch in the Next Session

Stocks that hit the upper circuit often open higher the following session if there are unmatched buy orders waiting. Traders should watch:

• Whether BJHL, SKHL, and RSML maintain buying pressure in the next session
• Volume on follow-through days — high volume confirms, low volume warns of fading momentum
• Sector spillover: If Hydropower circiut stocks attract attention, other hydro counters may see increased interest
• HFIN's sustainability: Hotel stocks are less frequently in circuits — sustained buying would be bullish for the Hotels sub-index

Five upper-circuit stocks in one session is a rare and significant bullish signal for Nepal's stock market. The broad-based nature of today's gainers — spanning Hydropower (BJHL, SKHL), Manufacturing (RSML), Hotels (HFIN), and Others (RLEL) — suggests sector-rotation-driven buying rather than isolated speculation. Momentum investors will watch whether these stocks maintain gains or face profit-booking in the next session.