The Indian market has been experiencing an IT boom for the last decade, and today’s market somewhat copied this IT boom when the day saw a strong IT rally along with healthcare stocks. This positive shift might be due to FIIs turning net buyers and expectations of a US FED rate cut next month. As a result, the SENSEX ended at 81,779.26, and the NIFTY closed at 25,045.30. Along with this rally, 20 other stocks also performed well, making them the top performers and movers of the day.
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 28th August 2024:
| Sno | Symbol | CMP | Performance |
| 1 | NBCC | 195 | 9.77 % |
| 2 | LTIM | 6,114.60 | 6.31 % |
| 3 | GRANULES | 708.90 | 5.15 % |
| 4 | TRENT | 7215 | 5.02 % |
| 5 | ENGINERSIN | 225.8 | 5.0 % |
| 6 | IEX | 203.48 | 4.05 % |
| 7 | APTUS | 318.8 | 3.76 % |
| 8 | WIPRO | 536.35 | 3.71 % |
| 9 | HUDCO | 288.85 | 3.66 % |
| 10 | LTTS | 5683.6 | 3.58 % |
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:
- NBCC Ltd.:
NBCC (India) Ltd. is a mid-cap company in the Construction sector founded in 1960 under the Housing and Urban Affairs Ministry. It operates in three segments: Project Management Consultancy, Engineering Procurement & Construction, and Real Estate. The company has seen remarkable growth, with its turnover increasing from Rs.494 crore in FY 2002-03 to Rs.10,151.37 crore in FY 2018-19. After a slight dip in 2020, the growth continued post-pandemic, reaching Rs.10,433 crores in FY2024. Its 1-year revenue growth rate of 19.03% outpaced the 3-year CAGR growth rate of 14.85%.
- LTIM Limited:
LTIMindtree is a leading technology consulting company that was formed by the merger of Mindtree and LTI. FY2024 marks its first full year post-merger. The company offers various IT services across multiple industries, including application development, enterprise solutions, and digital platforms. With a presence in over 30 countries, LTIMindtree is expanding globally. It recently signed an MoU with Eurolife FFH to set up AI and digital hubs in Europe and India. Recognized as the ‘AMS SAP Transformation Partner of the Year’ by Tricentis, LTIMindtree is also collaborating with Aramco Digital. FY2024 saw a net worth of Rs.20,026.4 crore, 14.6% more than FY2023. It also posted a revenue of Rs.35,517 crore, 14.9% more than FY2023. Additionally, the company entered the NIFTY50 index in FY2024.
- Granules India Ltd.:
Granules India Ltd and its subsidiaries focus on making and selling Active Pharma Ingredients (APIs), Pharmaceutical Formulation Intermediates (PFIs), and Finished Dosages. It operates four facilities in Hyderabad and Vizag, with a total capacity of 40,000 TPA. The company’s revenue breakdown is as follows: APIs contribute Rs.986.6 crore (22%), PFIs Rs.610.7 crore (14%), and Finished Dosages Rs.2909 crore (64%). Total revenue for FY2024 stands at Rs.4506.4 crore, and it delivered a dividend yield of 0.21% in the same year. Additionally, it gave a 1-year stock return of 136.31% and a 3-year return of 113.4% as of 28th August 2024.
- Trent Ltd.:
Trent Limited is part of the Tata group, which owns around 37% of the company (with Tata Sons Pvt Ltd holding 32.45% as of March 2024). Trent Ltd sells apparel, footwear, accessories, toys, games, food, and groceries through its various retail formats. Its well-known brands include Zudio, Westside, Utsa, Misbu, Samoh, and Star Bazaar. As of March 31, 2024, Trent has seven subsidiaries (including two international ones), two joint ventures with Tesco PLC and MAS Amity, and two associate companies with Inditex, Spain. For FY2024, Trent reported a total revenue of Rs.12,375.11 crore, up 50.15% from the previous year, with a profit of Rs.1,029 crore, a 61% increase from FY2023.
- Engineers India Ltd.:
Engineers India Ltd (EIL) is a major CPSU with the Government of India as its largest owner, overseen by the Ministry of Petroleum and Natural Gas. Established in 1965, EIL is a mid-cap company in the services sector. It’s a global engineering consultancy and project management leader primarily serving the oil, gas, and petrochemical industries. EIL has expanded into infrastructure, water management, solar and nuclear power, and fertilizers. As of FY2024, EIL holds 47 patents, with 36 more pending. For FY2024, the company reported a revenue of ₹3,232.16 crore, with a net profit of ₹445 crore. For Q1 FY2025, total income was ₹662.69 crore, down by 27.34% from June 2023 quarter. However, the net profit for FY2024 was Rs.445 crore, around 29% more than FY2023. Moreover, the company’s order book was Rs.7,823 crore in FY2024, with fresh inflow of Rs.3,406 crore.
Top 10 volume gainers from NIFTY 500 based on the trade volume of 28th August 2024 vs the past one week’s average:
| Sno | Symbol | Volume | Volume Change % |
| 1 | GMMPFAUDLR | 6564260 | 3700.43 % |
| 2 | NBCC | 297,351,823.00 | 1371.69 % |
| 3 | LTIM | 3,580,319.00 | 1196.57 % |
| 4 | JBMA | 620719 | 776.52 % |
| 5 | TATAINVEST | 1461535 | 689.15 % |
| 6 | INTELLECT | 955104 | 573.01 % |
| 7 | HUDCO | 38822230 | 550.41 % |
| 8 | BAJAJHLDNG | 189,405.00 | 516.29 % |
| 9 | PNCINFRA | 2,050,698.00 | 408.88 % |
| 10 | ABFRL | 15882283 | 395.59 % |
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:
- GMM Pfaudler Limited:
GMM Pfaudler Ltd., founded in 1962, is a mid-cap company in the Engineering sector specializing in corrosion-resistant glass-lined equipment. It’s a top supplier of process equipment for pharmaceuticals and chemicals. The company has expanded its product line to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems, and Heavy Engineering Equipment. GMM Pfaudler leads globally in glass-lined equipment, holding 50% of the market in America and India, 40% in Europe, and 20% in China. Despite tough competition in small vessels, it dominates in large vessels. For Q1 2025, the company’s total income was Rs.795.24 Crore, up 5.85% from the March 2024 quarter but down 13.65% from the June 2023 quarter. Net profit was Rs.23.88 Crore for the quarter and Rs.174 Crore for FY2024, down from Rs.210 Crore in FY2023. However, it has shown a 29.1% CAGR profit growth over the past five years and maintained a 5% dividend payout for FY2024.
- JBM Auto Limited:
Founded in 1983, JBM Auto Ltd manufactures and sells sheet metal components, tools, dies, moulds, and buses, along with spare parts, accessories, and maintenance contracts. The JBM Group operates globally in over 25 locations across 10 countries. For FY2024, it achieved a total revenue of Rs.5,009.35 Crores with a 29.86% year-on-year growth. Its business order book stood at Rs.45,000 Crores, with a ~21% five-year CAGR in FY2024. The net profit was Rs.193.73 Crores. The consolidated total income for the quarter ending June 2024 was Rs.1,153.90 Crores, down 22.60% from the previous quarter but up 21.46% from the June 2023 quarter. Plus the net profit for this quarter was Rs.43.05 Crores.
- 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 the payment of 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. As of 28th August 2024, the company stock gave a 1-year stock return of 198.59% and a 3-year return of 468.55%.
- Housing and Urban Development Corporation:
Housing and Urban Development Corporation Ltd (HUDCO) is a public-sector enterprise in housing and infrastructure development founded in 1970. It functions under the Ministry of Housing and Urban Affairs. HUDCO offers various financial products to support India’s housing and urban infrastructure projects. These include loans for housing, urban infrastructure, and development schemes. They also provide technical and consultancy services, including project appraisal, management, and monitoring. As of FY2024, the company registered a net profit of Rs.2117 crore and maintained a dividend payout of 39%. As of 28th August 2024, The company’s annual revenue growth of 12.16% exceeded its 3-year CAGR of 2.95%. The stock delivered an impressive 561.09% return over three years, surpassing Nifty 100’s 54.02%. As of the same date, it outperformed Nifty Financial Services, offering a 33.48% return over the same period.
- Intellect Design Arena Ltd.:
Founded in 2011, Intellect Design Arena Limited operates globally in Financial Technology for Banking, Insurance, and other financial services. It offers a broad range of products in Global Consumer Banking, Central Banking, Risk & Treasury Management, Global Transaction Banking, and Insurance, along with software development. Intellect is divided into two banking verticals: iGCB and iGTB, with products like IDC, Digital Lending, Quantum, and Capital Cube. Their platforms include eMACH.ai, iKredit360, and the Digital Experience Platform, using technology like iTurmeric. As of August 28, 2024, the stock has returned 48.95%, outperforming Nifty IT’s 21.43% over three years. For FY2024, it reported a revenue of Rs.2565.41 crore (up 12.39% from FY2023), a net profit of Rs.323 crore, a profit margin of 12.81%, and a 15% dividend payout.
The market ended on a positive note, and many found their stocks on the green side with considerable gains. However, it is at times like these that you must keep a keen eye on the balance of your portfolio and make adjustments, if required, as per your investment strategies.
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 the 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.
