Table of Contents
Circuit Stocks — March 31, 2026
| Symbol | Company | LTP (Rs) | Prev Close (Rs) | Gain (Rs) | Volume |
|---|---|---|---|---|---|
| BJHL | Bhujung Hydropower Limited | 578.60 | 526.00 | +52.60 | 450 |
| HFIN | Hotel Forest Inn Limited | 349.80 | 318.00 | +31.80 | 360 |
| RLEL | RLEL | 399.30 | 363.00 | +36.30 | 150 |
| RSML | Reliance Spinning Mills Ltd | 2,679.30 | 2,436.00 | +243.30 | 2,097 |
| SKHL | Super Khudi Hydropower Ltd | 483.10 | 439.40 | +43.70 | 340 |
RSML — High-Value Momentum Play
Reliance Spinning Mills (RSML) is the most significant circuit of the five. At Rs 2,679.30 per share, RSML's 10% move represents a Rs 243.30 per-share gain — one of the largest absolute-rupee gains on NEPSE today. With 2,097 shares traded (modest volume for the price), there were limited sellers at this level, indicating potential for carry-over demand.
Technical setup: RSML is breaking out of a consolidation zone. The previous resistance near Rs 2,400-2,450 has now become support. First target if momentum continues: Rs 2,900-2,950.
BJHL and SKHL — Hydropower Dual Circuit
Two Hydropower stocks hitting circuits simultaneously is notable. BJHL (Rs 578.60) and SKHL (Rs 483.10) both surged 10%, suggesting sector-wide hydropower buying rather than isolated stock-specific news.
With RIDI (another hydropower stock) falling sharply on high volume simultaneously, there appears to be a rotation within hydropower — money moving from large-cap hydro (RIDI, NHPC) into smaller-cap hydro (BJHL, SKHL). This rotation pattern often continues for 2-3 sessions.
HFIN — Hotels Sector Breakout
Hotel Forest Inn (HFIN) hitting the 10% circuit at Rs 349.80 is unusual — the Hotels sector rarely sees circuit-level moves. This stock-specific event may be driven by a company announcement, property deal, or simply a squeeze in a thinly traded counter (only 360 shares traded). The low volume (360 shares) suggests thin market depth rather than institutional conviction.
Momentum Trading Strategy for Circuit Stocks
- Day 1 (today, March 31): Stocks closed at circuit — buy orders are stacked above current price
- Day 2 open: Check if stock opens at/above circuit price with high volume → momentum continues
- Day 2 open (alternative): Stock opens flat or below circuit close → carry-over orders dried up, avoid entry
- Stop-loss: Previous day's close (Rs 526 for BJHL, Rs 2,436 for RSML)
- Volume confirmation: Continuation day needs higher-than-average volume to confirm
FAQs
What happened with NEPSE circuits on March 31, 2026?
Five stocks hit the 10% upper circuit: BJHL, HFIN, RLEL, RSML, and SKHL.
Will circuit stocks continue rising next day?
Often yes, due to carry-over buy orders — but profit-taking can reverse quickly. Use stop-loss below previous close.
Which circuit stock has the best continuation potential?
RSML and BJHL have stronger technical setups. HFIN's 360-share volume makes it less reliable.
How do I trade a circuit stock on NEPSE?
Watch the next session open — enter on positive open with above-average volume. Stop below previous close.
What is the risk of buying circuit stocks?
Profit-sellers can push prices down immediately after the circuit ends. Use position sizing and stop-loss discipline.