New Delhi, June 2 -- Energy stock Fujiyama Power Systems surged 5% to hit its upper circuit limit on Tuesday, June 2, amid a recovery in the Indian equity markets. The rally in the stock coincided with a sharp rebound in benchmark indices, with the Sensex gaining over 100 points and the Nifty 50 advancing more than 350 points after both opened in negative territory.

The stock opened at Rs.302 apiece today, lower than its previous closing price of Rs.304.60 on Monday. Although Fujiyama Power Systems share price started the session in negative territory, they recovered during intraday trade on Tuesday and moved into the green.

In an exchange filing dated 24 May, Fujiyama Power Systems said that officials from the Bureau of Indian Standard...