Stock Spotlight: 20 Top Performers for August 27, 2024

Monday’s market surge brought a flurry of positive sentiments. However, Tuesday couldn’t see the same wave, and the market ended flatish, with NIFTY closing at 25,017.80 and SENSEX at 81,711.76. This came after both closed green on Monday when the increase was due to hints of a potential rate cut in Jerome Powell’s speech. However, despite the flattish day-end and decline in other sector stocks like FMCG, a few others made it to the list of top 20 performers and movers. 

As the 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 from NIFTY 500 based on the closing figures of 27th August 2024:

Sr.no.	Symbol	CMP	Performance
1	TATAINVEST	7414	20.0 %
2	TATAELXSI	8,950.10	16.49 %
3	KFINTECH	1,144.00	13.36 %
4	ZEEL	150.9	11.61 %
5	CESC	207.77	10.09 %
6	TTML	100.45	8.78 %
7	JSWINFRA	334.4	8.17 %
8	GAEL	146.20	8.15 %
9	GODREJIND	1,010.00	6.2 %
10	TEJASNET	1344	6.09 %

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 stocks of the list:

Tata Investment Corporation Limited:

Tata Investment Corporation Ltd (TICL), an RBI-registered NBFC under the Investment Company category, primarily invests in listed and unlisted equity shares, debt instruments, and mutual funds across various industries. CRISIL has consistently rated TICL ‘AAA’ since 1994, ensuring the highest safety in paying interest and principal. In 2012, TICL acquired a 95.57% stake in Simto Investment Co. Ltd., making it a subsidiary. Alongside Tata Sons, TICL was one of the first to receive approval to sponsor the Tata Mutual Fund. For FY2024, TICL’s revenue was Rs.385.95 crore, a 38.97% increase from FY2023, with a 1-year stock return of 204.52% and a 3-year return of 405.9%. 

Tata Elxsi Ltd.:

Tata Elxsi is a leading provider of design and technology services across industries like automotive, media, communications, and healthcare. They offer end-to-end solutions backed by global design studios and development centers from research to software development. In FY2024, they partnered with ISRO to design Crew Module Recovery Models for the Gaganyaan mission and formed alliances with Ateme, Accuknox, Telefónica, and INVIDI. Tata Elxsi’s revenue grew by 13% to Rs.3,552.1 crores in FY2024, with a 22.4% CAGR profit growth over five years. Moreover, the net profit for FY2024 was Rs.792.2 crore, posting a 4.9% year-on-year growth. 

KFin Technologies Ltd.:

KFin Technologies Limited is a top financial services platform driven by technology. The company offers services to asset managers and corporate issuers in India and investor solutions for mutual funds and private retirement schemes in Malaysia, the Philippines, and Hong Kong. For the first time in five years, the company is now debt-free. In FY2024, it reported a total revenue of Rs.862.18 crore, with a net profit margin of 29.37% and RoCE of 25.94%. KFintech-serviced AAUM grew by 35.5% to Rs.17,35,000 crore, outperforming the industry growth of 33.6%. It holds a 46.1% market share and serves Rs.10 lakh crore in equity AAUM based on NSE 500 companies.

Zee Entertainment Enterprises Limited

ZEE Entertainment, founded in 1982 by media baron Subash Chandra, is a large-cap media and entertainment company. It connects over 1 billion people, offering diverse content across genres, languages, and platforms. ZEE’s key businesses include broadcasting satellite TV channels, space selling for other channels, and selling media content like films and music rights. With over 5,000 movie titles and 230+ originals launched on ZEE5, the company has reached 1,300+ million viewers as of FY2023. In Q1 FY25, ZEE reported a total income of Rs.2,149.52 crore, a slight dip from the March 2024 quarter but a 7.57% increase year-on-year. Despite a low 4.4% return on equity over three years, the fiscal year 2023-24 saw a net profit of Rs.118.01 crore. 

CESC Limited

CESC Ltd, founded in 1978, is part of the RP-Sanjiv Goenka Group. India’s first fully integrated electrical utility with private involvement in power generation, transmission, and distribution across Kolkata, Hooghly, Howrah, and the 24 Parganas in West Bengal. It serves around 0.34 crore consumers and caters to domestic, industrial, and commercial needs. Through its subsidiaries, CESC also runs power generation and distribution projects nationwide. The company has an operational generation capacity of approximately 2,140 MW. Its total income grew by 6.79%, from Rs.14,555 crore in 2022-23 to Rs.15,544 crore in 2023-24. Plus, the 3-year growth rate of the company stock as of 27th August 2024 was 174.75%. 

Top 10 volume gainers from NIFTY 500 based on the trade volume of 27th August 2024 vs the past week’s average:

Sr.no.	Symbol	Volume	Volume Change %
1	TATAINVEST	1179749	5941.81 %
2	TATAELXSI	5,502,979.00	1925.22 %
3	GAEL	15,999,131.00	1488.96 %
4	KFINTECH	11480671	1457.01 %
5	ZEEL	101981917	1059.7 %
6	JSWINFRA	8904057	878.01 %
7	GODREJIND	1182813	770.87 %
8	GSPL	36,033,272.00	561.15 %
9	TTML	72,076,571.00	534.34 %
10	CESC	70279988	380.49 %

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 stocks of the list:

Gujarat Ambuja Exports Limited:

Gujarat Ambuja Exports (GAEL) has been manufacturing corn starch derivatives, soya derivatives, feed ingredients, cotton yarn, and edible oil since 1991. It focuses on serving the food, pharmaceutical, feed, and other industries with a long-term growth strategy in agro-processing. GAEL exports to over 100 countries. In FY2024, it achieved a revenue of Rs.4,927 Crore, with a 15% RoCE and a net profit of Rs.346 Crores. The dividend per share stood at Rs.0.35. Besides, the company also gave a 5-year stock return of 298.8% and a one-year stock return of 15.46% as of 27th August 2024. 

2. JSW Infra Ltd.:

JSW Infrastructure Limited, founded in 2006, provides maritime services like cargo handling, storage, and logistics. As part of the JSW Group, it’s India’s second-largest commercial port operator in cargo handling capacity. The company also manages two port terminals in the UAE with a capacity of 41 MTPA. In February 2024, JSW signed a concession agreement with Jawaharlal Nehru Port Authority for two liquid berths totaling 4.5 MTPA. With a cargo handling capacity of 170 MTPA, JSW earned Rs.4,032 crore in FY2024. Its IPO, launched in September 2023 at a price band of Rs.113-119 per share, was oversubscribed 37 times. Net debt reduced sharply to Rs.65 crore in FY2024, down from Rs.2,216 crore the previous year.

Godrej Industries:

Godrej, founded in 1897 by Ardeshir Godrej, was established to support India’s economic independence. Godrej Industries, part of the Godrej Group, is a leading manufacturer of oleochemicals. It also promotes Godrej Agrovet Ltd and Godrej Properties Ltd and holds a stake in Godrej Consumer Products Ltd. The company has a total income of Rs.18,097 crore and a net profit of Rs.60 crore, with a profit margin of 0.36%. For the quarter ending June 2024, Godrej Industries reported a consolidated total income of Rs.5,259.41 crore, up 3.07% from the previous quarter and 7.48% year-on-year. Net profit after tax was Rs.580.15 crore, and the stock has returned 83.18% over the past three years. 

Gujarat State Petronet Limited:

Gujarat State Petronet Limited, established in 1998, is a mid-cap player in the Gas & Petroleum sector. As a Government Company established under the Companies Act 2013, it and its subsidiaries focus on natural gas transmission, city gas distribution, and wind power. Uniquely in India, it transmits natural gas but doesn’t trade it. For the quarter ending June 2024, the company reported a total income of Rs.4,796.43 Crore, up 4.48% from March 2024 and 15.61% from June 2023. Its net profit for this quarter was Rs.541.49 Crore. The stock delivered a 1-year return of 40.28% and a 3-year return of 12.65%. 

Tata Teleservices (Maharashtra) Limited:

Tata Teleservices Ltd is a key player in wired and wireless telecom, holding a Unified License for Maharashtra and Goa and an Internet Service Provider license. The company offers various wireline voice, data, and managed telecom services. Since January 2005, Tata Tele has operated across India with licenses for essential, cellular, and national long-distance services. In FY19, Tata Tele sold its consumer mobile business to BAL and BHL, after which Tata Tele focused on its remaining enterprise, fixed-line, and broadband businesses. The company’s string of losses continues in FY2024 with a net loss of Rs. (-1228) crore. However, the company stocks have posted a 3-year growth rate of 169.62% and a 1-year return of 19.16% as of 27th August 2024. 

While the sentiment that entered the market was undecisive, the recent shift in FII’s stance in the domestic market, coupled with an anticipation of RBI aligning with the FED’s recent actions, is bringing a positive outlook again. You should move your stock portfolio only after careful consideration and thorough market research. 

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 & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.