Being the last week of August 2024, all eyes are glued on the most awaited macroeconomic domestic and global data. On one hand, Powell’s Jackson’s Hole speech indicated future rate cuts, and on the other, Indian markets saw a rise in the FMCG stocks on 26th August 2024. NIFTY remained strong throughout the trading day and closed at 25,010.60, and SENSEX also closed green at 81,698.11. Amidst such mixed patterns, 20 stocks made it to yesterday’s top performers and movers list.
As the stock market opens at 9:00 AM today, we present 20 stocks to consider adding to your watchlist. Here are ten stocks with the highest trading volume and ten stocks based on their performance at yesterday’s market close.
Top 10 performers today from NIFTY 500
Based on the closing figures of 26th August 2024:
| Sno | Symbol | CMP | Performance |
| 1 | JMFINANCIL | 102.5 | 11.75 % |
| 2 | GSPL | 377.95 | 11.62 % |
| 3 | TATAELXSI | 7,859.00 | 10.88 % |
| 4 | MOTILALOFS | 761.55 | 9.35 % |
| 5 | HONASA | 506 | 7.98 % |
| 6 | POLICYBZR | 1808.8 | 7.29 % |
| 7 | BLS | 426 | 7.26 % |
| 8 | QUESS | 782.00 | 6.87 % |
| 9 | CRAFTSMAN | 6,239.85 | 5.91 % |
| 10 | CAPLIPOINT | 1840.2 | 5.23 % |
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. Past performance is not indicative of future results.
Understanding the Top 5 Performing Stocks Today
1. JM Financial Limited:
JM Financial Ltd is a diverse financial services group with a legacy of over 50 years. It offers mortgage lending, distressed credit services, and asset management. The company provides advisory services, capital-raising, and strategic insights to corporations, institutions, governments, and high-net-worth individuals. It also handles investment banking and private equity funds.
JM Financial’s private wealth management AUM was Rs.68,105 crore, showing a 21% year-on-year growth as of FY2024. The retail wealth management AUM for the same year stood at Rs.28,795 crore. For FY2024, the company’s total income was Rs.4,832 crore, and its net worth was Rs.8,438 crore. Moreover, the company’s net profit for the June 2024 quarter was Rs.170.70 crore.
2. Gujarat State Petronet Ltd.:
Gujarat State Petronet Limited, established in 1998, is a mid-cap company in the Gas & Petroleum sector. It’s a Government Company under the Companies Act 2013. The company and its subsidiaries focus on natural gas transmission through pipelines, city gas distribution, and wind power generation. Unique in India, it transmits natural gas without trading it.
For the quarter ending June 2024, it reported a consolidated total income of Rs.4,796.43 Crore, 4.48% more than the March 2024 quarter and a 15.61% increase from June 2023. The company’s net profit after tax for the June 2024 quarter was Rs.541.49 Crore. Additionally, the company’s stock gave a 1-year return of 35.25%, outperforming NIFTY50 growth of 29.82% as of 26th August 2024
3. Tata Elxsi Ltd.:
Tata Elxsi is a top provider of design and technology services in industries like automotive, media, communications, and healthcare. It offers services from research and strategy to software development and deployment, supported by global design studios and development centers.
In FY2024, the company partnered strategically with a worldwide automotive OEM for SDV software development. It secured a multi-year contract with a US automotive for Level 3+ autonomous driving systems. It also formed alliances with Ateme, Accuknox, Telefónica, and INVIDI. Tata Elxsi’s revenue grew 13% to Rs.3,552.1 crores in FY2024, and it reported a 22.4% CAGR profit growth over the past five years, maintaining a 51% dividend payout.
4. Motilal Oswal Financial Services Ltd:
Motilal Oswal Financial Services Ltd., founded in 1987, is a mid-cap financial services firm with a strong presence in over 550 cities and towns. It operates through 2,500+ business locations and serves 1.6 million customers. It offers various services, including wealth management, retail and institutional broking, asset management, commodity broking, private equity, investment banking, and more.
The company has delivered a 5-year profit growth of 52.7% CAGR as of FY2024. It also recorded a net profit of Rs.2446 crore, around 161.5% more than the FY2023 profit of Rs.935 crore. Moreover, the company marked an AUM of Rs.3.8 lakh crore in FY2024.
5. Honasa Consumer Limited:
Honasa Consumer Limited is a digital-native beauty and personal care brand with famous names like Mamaearth, The Derma Co., Aqualogica, and Ayuga. It has also expanded by acquiring BBlunt and Dr. Sheth’s. In FY2024, 18% of its revenue came from new products.
Over the past five years, Honasa achieved a remarkable CAGR profit growth of 96.7%. Their gross profit margin stood at 69.8%, with an EBITDA margin of 7.1%. For FY2024, their revenue was Rs.1919.9 crore, and they posted a net profit of Rs.110.52 crore. Moreover, on 26th August 2024, the stock P/E stood at 120.52.
Top 10 volume gainers stocks today from NIFTY 500
Based on the trade volume of 26th August 2024 vs the past week’s average:
| Sno | Symbol | Volume | Volume Change % |
| 1 | MEDPLUS | 24327733 | 12265.88 % |
| 2 | HONASA | 27,011,070.00 | 7245.41 % |
| 3 | GSPL | 32,919,294.00 | 3805.76 % |
| 4 | JMFINANCIL | 57844920 | 1703.81 % |
| 5 | QUESS | 4003332 | 1543.66 % |
| 6 | CRAFTSMAN | 770594 | 1538.55 % |
| 7 | TATAELXSI | 1291664 | 1265.56 % |
| 8 | KEC | 3,909,470.00 | 1074.71 % |
| 9 | GILLETTE | 186,505.00 | 662.54 % |
| 10 | CENTURYPLY | 875984 | 574.1 % |
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. Past performance is not indicative of future results.
Understanding the top 5 volume gainer stocks on the list today
1. MedPlus Health Services Ltd.:
MedPlus is a well-established pharmacy retail company with both online and offline stores. Founded in 2006, it’s now the second-largest pharmacy retailer in India by revenue and store count. MedPlus operates 4,089 stores across various states, including Telangana (679), Andhra Pradesh (454), Karnataka (893), Tamil Nadu (845), West Bengal (506), Maharashtra (553), Odisha (149), Chhattisgarh (4), and Madhya Pradesh (4) as of the first half of FY24.
As of 26 August 2024, the company stocks had a negative return of -28.83%. However, as of FY2024, it generated revenue of Rs.5625 crore and a net profit of Rs.66 crore. It recorded a 5-year CAGR profit growth of 40% as of the same financial year.
2. Quess Corp Ltd.:
Quess Corp Limited is one of India’s top business services providers. With deep domain knowledge and advanced digital platforms, Quess helps boost client productivity through outsourced solutions. It is among the top 50 global staffing companies and the top 3 in India. The company delivers technology-enabled staffing and managed outsourcing services across various processes like sales, customer care, back office operations, manufacturing, and more.
Quess operates in four key segments: Workforce Management, Operating Asset Management, Global Technology Solutions, and Product-Led Business. During the fiscal year 2023-24, the company maintained a dividend payout of 43.6% and generated a net profit of Rs.103.81 crore in the June 2024 quarter. Moreover, the company stock outperformed the NIFTY50 index with a 1-year growth rate of 83.35% as of 26th August 2024.
3. Craftsman Automation Ltd.:
Founded in 1986, Craftsman Automation Limited is a versatile engineering company with substantial production capabilities. Based in Coimbatore, it operates manufacturing facilities across India. Craftsman makes various parts and subassemblies for e-commerce, pharmaceuticals, automotive, and engineering industries.
FY2024 reported a consolidated revenue of Rs.4,452 crore, with 17% coming from industrial and engineering, Rs.740 crore (35%) from powertrain, and Rs.2,154 crore (48%) from aluminum. Exports contributed 4% to its revenue in FY2024, and the company’s net worth was Rs.1752 crore, more than the previous year’s net worth of Rs.1438 crore.
4. KEC International Ltd.:
KEC International is a leading global infrastructure EPC (Engineering, procurement, construction) company. It operates in Power Transmission and Distribution, Railways, Civil and urban infrastructure, Solar, Oil and gas Pipelines, and Cables. As the flagship of the RPG Group, it serves clients in over 110 countries across six continents.
As of FY2024, the company had revenue of Rs.19,914 Crore and an order book worth Rs.29,644 Crore. It has executed 2,516 km of transmission lines and boasts a global manufacturing capacity of 4,32,200 MTPA. Additionally, the company generated a net profit of Rs.347 crore, and the stock marginally outperformed the NIFTY50 index with a 1-year growth of 31.20%.
5. Gillette India Limited:
Gillette India Limited is a public company under the Companies Act 1956. It’s a large-cap company that makes and sells fast-moving consumer goods in the grooming and oral care segments. Gillette offers brands like Fusion5, SkinGuard Sensitive, MACH3, Guard3, Styler, and Presto.
For the quarter ending March 2024, Gillette reported a total income of Rs.686.43 crore, up 6.15% from Rs.646.65 crore last quarter and up 8.81% from Rs.630.84 crore in the March 2023 quarter. As of FY2024, the company is nearly debt-free and boasts a net profit of Rs.356 crore. Additionally, its 1-year returns, 64.05%, outperformed the NIFTY50 returns of 29.82% as of 26th August 2024.
A small positive surprise from the NIFTY IT stocks, some reactions owing to the awaited results and data, and the rise in FMCG stocks all left a trail in today’s market. While the market ended on an overall positive note, it is always advised to stay vigilant and monitor your portfolio regularly to safeguard your investments.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This article is for education purposes only and shall not be considered as a recommendation or investment advice by Equentis – Research & Ranking. We will not be liable for any losses that may occur. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL & the certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
