Top Gainers Today: Why Neueon Corporation Is in Market Focus
Among the top gainers today, Neueon Corporation Limited has drawn investor attention not only due to sharp price movement but also because of its long operating history and recent revival efforts. The company was originally incorporated on 6 April 2006 in Andhra Pradesh as Sujana Towers Limited, part of the Sujana Group, led by promoters Yalamanchili S. Chowdary and G. Srinivasa Raju. It later changed its name to Neueon Towers Limited in September 2016 and is now known as Neueon Corporation Limited. Listed on NSE as NEUEON and BSE as 532887 (ISIN: INE333I01044), the company operates with a face value of ₹1 per share.
Neueon has been engaged in manufacturing galvanized steel towers and transmission structures used in the power transmission and telecom sectors. It operates large-scale manufacturing facilities at IDA Bollaram Industrial Estate, Hyderabad, and has also set up a plant in Chennai with a capacity of 100,000 TPA. The company is ISO 9001:2001 certified and has received approvals from PGCIL, various State Electricity Boards, and BSNL, positioning it among established players in the towers and transmission segment. The company emerged as the first integrated tower manufacturer in South India, leveraging its re-rolling facilities to deliver customized structural steel solutions.
Historically, Neueon expanded aggressively, including overseas exposure through acquisitions in Hong Kong and Africa, and capacity expansion to 128,125 TPA by 2007. However, financial stress led to the initiation of Corporate Insolvency Resolution Process (CIRP) in June 2019, resulting in deterioration of operations. A major turning point came when the Hon’ble NCLT Hyderabad approved a resolution plan on 23 October 2024, submitted by a consortium led by PRECA Solutions India Private Limited. An SPV, PRECA Structures Private Limited, was formed to implement the plan, and a reconstituted Board took charge from 6 November 2024. With new management evaluating profitable business lines, the stock’s renewed activity has pushed it into the spotlight among today’s top gaining small cap/SME stocks.
Neueon has been engaged in manufacturing galvanized steel towers and transmission structures used in the power transmission and telecom sectors. It operates large-scale manufacturing facilities at IDA Bollaram Industrial Estate, Hyderabad, and has also set up a plant in Chennai with a capacity of 100,000 TPA. The company is ISO 9001:2001 certified and has received approvals from PGCIL, various State Electricity Boards, and BSNL, positioning it among established players in the towers and transmission segment. The company emerged as the first integrated tower manufacturer in South India, leveraging its re-rolling facilities to deliver customized structural steel solutions.
Historically, Neueon expanded aggressively, including overseas exposure through acquisitions in Hong Kong and Africa, and capacity expansion to 128,125 TPA by 2007. However, financial stress led to the initiation of Corporate Insolvency Resolution Process (CIRP) in June 2019, resulting in deterioration of operations. A major turning point came when the Hon’ble NCLT Hyderabad approved a resolution plan on 23 October 2024, submitted by a consortium led by PRECA Solutions India Private Limited. An SPV, PRECA Structures Private Limited, was formed to implement the plan, and a reconstituted Board took charge from 6 November 2024. With new management evaluating profitable business lines, the stock’s renewed activity has pushed it into the spotlight among today’s top gaining small cap/SME stocks.
Neueon Corporation Share Price Performance Today (23 Dec 2025)
The Neueon Corporation Share Price witnessed a sharp jump on 23 December 2025, opening at ₹5.76 against a previous close of ₹1.00. The stock remained locked at ₹5.76 throughout the session, recording the same level as its high and low, indicating upper-band trading with no intraday volatility. The VWAP also stood at ₹5.76, reflecting very thin liquidity and limited participation. The extraordinary gain of nearly 476% over the previous close is primarily attributed to a low historical base and restricted trading volumes, rather than any immediate improvement in earnings or business fundamentals.
Market Capitalisation, Valuation & SME Stock Characteristics
Neueon Corporation currently falls into the small cap/SME stock category, with a market capitalisation estimated between ₹29–33 crore based on recent quotes. Traditional valuation metrics such as the P/E ratio are negative or not meaningful, as the company continues to report losses. While some data sources show a very high book value per share, this figure should be viewed cautiously, as it may be a statistical distortion caused by a low share price and minimal trading volumes. The company has not declared any dividend, keeping the dividend yield at 0%.
Business Fundamentals and Recent Corporate Developments
Neueon Corporation operates in power transmission, telecom infrastructure, and allied services. Financial performance remains weak, with low revenues and net losses, which is common among restructuring-phase SME companies. Promoter holding stands at approximately 36%, and the company carries relatively low to modest debt. In late 2025, Neueon announced the incorporation of several subsidiaries, including Neueon Power Limited (focused on energy and renewables), Neueon Global Limited, and Neueon Enterprises Limited. Alongside this, management changes at the chairman and director level signal an attempt at strategic realignment.
Risks, Liquidity Concerns & Investor Takeaways
While Neueon’s presence among the top gainers today may look attractive, investors must consider key risks. The stock suffers from very low liquidity, with limited unique PAN participation over recent months. Such conditions can cause sharp price swings on small volumes, increasing volatility and exit risk. For investors, the positives include exposure to niche infrastructure segments and signs of corporate reorganisation. However, ongoing losses, thin trading volumes, and valuation uncertainty mean that price movement may reflect micro-cap behavior rather than strong fundamentals. Conservative investors should rely on official NSE/BSE data and exercise caution before taking positions in this high-risk small cap/SME stock.
Disclaimer
This blog is for educational and informational purposes only and should not be considered financial, investment, or trading advice. Stock markets are subject to risks, and past performance does not guarantee future results. Always consult a SEBI-registered financial advisor before making any investment decisions. The companies or stocks mentioned here are included solely for learning and research purposes—not as recommendations. NexGen Trade encourages readers to perform their own analysis and invest responsibly.
Frequently Asked Questions
Why is Neueon Corporation among the top gainers today?
Neueon Corporation is among the top gainers today after a 476.00% surge from a low base, driven by upper-band trading, thin liquidity, and renewed interest following corporate restructuring and new management.
What is the Neueon Corporation share price today (23 Dec 2025)?
The Neueon Corporation share price opened at ₹5.76 against a previous close of ₹1.00 and remained locked at ₹5.76 throughout the session, reflecting strong price action with thin liquidity.
Is Neueon Corporation a small cap or SME stock?
Yes, Neueon Corporation is classified as a small cap/SME stock with a market capitalisation in the range of ₹29–33 crore, making it a high-risk, high-volatility micro-cap stock.
What business does Neueon Corporation operate in?
Neueon Corporation operates in power transmission and telecom infrastructure, manufacturing galvanized steel towers and structural steel products used by utilities such as PGCIL, State Electricity Boards, and telecom operators.
Has Neueon Corporation come out of insolvency proceedings?
Yes, the company was under Corporate Insolvency Resolution Process (CIRP) since 2019. The NCLT approved a resolution plan in October 2024, and a new management and board took charge in November 2024.
Is investing in Neueon Corporation share risky?
Yes, investing in Neueon Corporation carries high risk due to low liquidity, past financial losses, and sharp price swings. Investors should exercise caution and rely on official exchange data before investing in such small cap/SME stocks.
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