The Indian stock market faced great volatility amidst the announcement of the August US consumer inflation report that may influence the size of the anticipated interest rate cut from the Federal Reserve next week. The announcement pulled the major indices low, with SENSEX closing at 81.485 points and NIFTY at 24,915 points. Despite the lows, some stocks showed resilience and made it to the list of top performers for 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 stock performers today from NIFTY 500
Based on the closing figures of 11th September 2024:
| Sno | Symbol | CMP | Performance |
| 1 | PRSMJOHNSN | 227.80 | 9.47 % |
| 2 | RRKABEL | 1706.00 | 8.34 % |
| 3 | APARINDS | 9960.00 | 7.21 % |
| 4 | PNBHOUSING | 1106.15 | 5.26 % |
| 5 | SUZLON | 81.95 | 5.00 % |
| 6 | CENTURYTEX | 2600.00 | 4.63 % |
| 7 | JSWINFRA | 330.00 | 4.43 % |
| 8 | CGPOWER | 694.00 | 4.42 % |
| 9 | BAJAJ-AUTO | 11430.15 | 4.03 % |
| 10 | HOMEFIRST | 1105.00 | 3.70 % |
*Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. Past performance is not indicative of future results.
Understanding today’s Top 5 stocks of the list:
Prism Johnson Limited.:
Prism Johnson Limited, a mid-cap cement company, has been a key player in India’s building materials industry since 1992. It offers cement, ready-mix concrete, tiles, sanitaryware, and bath fittings.
In the June 2024 quarter, the company posted a revenue of Rs.1,777.14 crore, marking a 14.93% drop from March 2024 and a 9.17% decline from June 2023. Prism Johnson’s FY2024 net profit was Rs.162 crore, with a P/E ratio of 97.83 as of 11th September 2024. Despite these figures, its stock grew 65.91% in the last year and 86.01% over three years. [Source: Economic Times]
R R Kabel Ltd.:
RR Kabel, incorporated in 1995, offers electrical products for residential, commercial, industrial, and infrastructure use. It operates in two segments: wires and cables, which account for 40% of the Indian electrical industry market share as of FY24, and Fast-Moving Electrical Goods (FMEG), which includes fans, lighting, switches, and appliances such as room heaters and water coolers.
By FY24, RR Kabel became the largest exporter of wires and cables from India, with exports to over 67 countries. It also ranked as the 4th largest player in the Indian market by value. The company boasts a strong distribution network with over 3,900 distributors. In FY24, RR Kabel’s revenue reached Rs.6,594.6 crore, reflecting a 17.8% growth, with a PAT of Rs.298.1 crore, up by 57%. The company’s PAT margin stood at 4.5%. [Source: Annual Report]
Apar Industries Limited:
Apar, founded by Mr. Dharmsinh D. Desai in 1958, is a market leader in India with a strong global presence. It began by manufacturing power transmission cables and now operates in three segments: Conductors, Transformer and Specialty Oils (TSO), and Power/Telecom Cables. Apar is the largest global manufacturer of aluminum and alloy conductors, the third-largest producer of transformer oils, and India’s top cable maker for renewables.
It’s also the first Indian company to offer end-to-end copper and fiber hybrid cable solutions. Apar operates in 140+ countries and raised Rs.1000 crore in FY2024. Out of the total revenue generated in 2023-24, Rs.16,153 crore, exports accounted for 45.2% and domestic sales 54.8%. As of FY2024, the company posted a net profit of Rs.825 crore, with a 27% RoE. [Source: Annual Report]
PNB Housing Finance Ltd.:
PNB Housing Finance offers housing and non-housing loans, such as home loans, loans against property, and non-resident property loans. Promoted by Punjab National Bank, which holds a 28.1% stake, it is India’s third-largest housing finance company with over 35 years of experience.
As of FY2024, it has 5 lakh+ active loan and deposit accounts, a loan book of Rs.65,358 crore, and an AUM of Rs.71,243 crore. Total loan disbursement for the year was Rs.17,583 crore. It also launched a new segment focusing on tier 2 and tier 3 cities. The retail loan book grew by 14% in FY2024. In the June 2024 quarter, the company’s revenue stood at Rs.1,813 crore, with a net NPA of 0.92% and a net profit of Rs.439 crore. [Source: Annual Report]
Suzlon Energy Limited:
Suzlon is a global leader in renewable energy solutions, specializing in wind turbine generators (WTG). It manufactures, installs, and handles the operation and maintenance (O&M) of WTGs. With over 20 GW of wind energy installed in 17 countries, Suzlon operates 111+ wind farms with a capacity of 13,880 MW.
Its clients include both private and public sector power utilities. As of June 2024, Suzlon has a 32% cumulative market share in India and remains the top OEM in the renewable sector. Q1 2024 saw its highest deliveries in 7 years at 274 MW, a record 3.8 GW order book, revenue of Rs.2,016 crore, and a PAT of Rs.302 crore. [Source: Annual Report]
Top 10 volume gainers today from NIFTY 500
Based on the trade volume of 11th September 2024 vs the past one week’s average:
| Sno | Symbol | Volume | Volume Change % |
| 1 | PRSMJOHNSN | 96829576 | 927.62 % |
| 2 | OLECTRA | 2718998 | 772.44 % |
| 3 | RRKABEL | 1548621 | 711.8 % |
| 4 | BORORENEW | 1931926 | 558.68 % |
| 5 | CENTURYTEX | 3857717 | 551.36 % |
| 6 | JSWINFRA | 13678508 | 517.21 % |
| 7 | APARINDS | 687535 | 431.76 % |
| 8 | JYOTHYLAB | 2966881 | 430.04 % |
| 9 | TATAMOTORS | 36140191 | 420.38 % |
| 10 | PAGEIND | 54335 | 326.59 % |
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. Past performance is not indicative of future results.
Understanding today’s stocks of the list:
Olectra Greentech Ltd:
Olectra Greentech Limited, incorporated in 2000, is India’s largest pure electric bus manufacturer, with facilities in Hyderabad. It was the first company in India to produce and deploy all variants of electric buses. Building on its success, Olectra is now expanding into electric trucks and tippers. In FY2024, the company began constructing a state-of-the-art EV manufacturing facility on 150 acres in Seetharampur, Telangana. Olectra’s revenue for FY2024 reached Rs.1,154.13 crore, surpassing the previous year’s Rs.1,090.76 crore. The net profit was Rs.78.83 crore, and the company’s net worth stood at Rs.913.47 crore. As of 11th September 2024, Olectra’s stock grew by 28.82%. [Source: Annual Report]
Borosil Renewables Limited:
Borosil Renewables manufactures extra clear patterned glass and Low Iron Solar Glass for Photovoltaic panels, flat plate collectors, and greenhouses. It’s India’s only solar glass producer, with a capacity of 1350 TPD, equal to 8.5 GW daily. In 2022, Borosil expanded into Europe by acquiring 86% of Interfloat and GMB, Europe’s largest solar glass maker.
By 2023-24, it held over 20% of India’s solar glass market, exporting 18.45% to the EU, Turkey, USA, and MENA. Borosil also runs the only solar glass plant in Germany, holding 65% of that market. Despite a 53.2% revenue growth to Rs.1369.28 crore, the company faced a Rs.50.92 crore loss, with a net worth of Rs.889.76 crore. [Source: Annual Report]
Century Textiles and Industries Ltd.:
Century Textiles and Industries Ltd has come a long way since 1987, evolving from a single textile unit to a leader across various sectors. Today, it’s strong in cotton textiles, pulp and paper, and real estate.
In the June 2024 quarter, it reported Net Sales of Rs.1,149.24 crore, a 2.86% rise from Rs.1,117.33 crore in June 2023. Its Net Profit also jumped to Rs.7.78 crore, a significant 232.31% increase. In September 2024, the company provided a Rs.400 crore corporate guarantee to Hindalco Industries, supporting Ekamaya Properties’ land purchase from Hindalco in Kalwa, Thane. [Source: Annual Report]
JSW Infrastructure Limited:
JSW Infrastructure Limited, part of the JSW Group, was founded in 2006 and provides maritime services like cargo handling, storage, and logistics. It’s India’s second-largest commercial port operator, with a capacity of 170 MTPA. JSW also operates two port terminals in the UAE with a 41 MTPA capacity.
In February 2024, it signed an agreement with Jawaharlal Nehru Port Authority for two liquid berths totaling 4.5 MTPA. JSW’s IPO in September 2023, priced between Rs.113-119 per share, was oversubscribed 37 times. Its FY2024 performance improved significantly, with net debt dropping to Rs.65 crore from Rs.2,216 crore and earnings reaching Rs.4,032 crore. [Source: Annual Report]
Jyothy Labs Ltd.:
Jyothy Labs Limited, founded by Mr. M. P. Ramachandran in 1983 in Thrissur, Kerala, is a leading name in the domestic FMCG industry. Known for its diverse product range, Jyothy Labs operates in fabric care, dishwashing, household insecticides, and personal care.
Its well-known brands include Ujala, Maxo, Margo, Exo, Henko, and Pril. For FY2024, the company reported a consolidated revenue of Rs.2,757 crore and a PAT of Rs.369 crore. It serves through 0.12 crore direct outlets, 9,900+ channel partners, and 0.28 crore outlets. In the June 2024 quarter, net sales reached Rs.741.81 crore, a 7.96% increase from the previous year, and net profit was Rs.101.73 crore, up 5.65%. [Source: Annual Report]
The trading session was marked by high volatility, with late profit-taking pushing key indices further into the red by the close. The market remains weak, with all eyes on key US inflation data due Friday. This data may provide clues about the Federal Reserve’s interest rate decisions later this month. Given the current market instability, it is advisable to make investment decisions cautiously.
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.
