The stock market started the week with a positive sentiment that led the indices to all-time fresh levels amidst the anticipated decision from the Fed (US) this week. The NIFTY closed at 25,383.75, and the SENSEX closed 0.12% up at 82,988.78. The rally extended to stocks of multiple sectors, few of which made it to the list of top performers 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 stock performers today from NIFTY 500
Based on the closing figures of 12th September 2024:
| Sno | Symbol | CMP | Performance |
| 1 | BSE | 3420.00 | 17.82 % |
| 2 | GODFRYPHLP | 8114.00 | 10.90 % |
| 3 | ADANIGREEN | 1924.00 | 7.59 % |
| 4 | TRIVENI | 508.85 | 7.37 % |
| 5 | DIXON | 13925.00 | 6.89 % |
| 6 | THERMAX | 5055.00 | 6.86 % |
| 7 | ACE | 1329.00 | 6.22 % |
| 8 | KRBL | 322.35 | 5.97 % |
| 9 | CHEMPLASTS | 518.00 | 5.65 % |
| 10 | PCBL | 508.50 | 5.47 % |
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:
BSE Limited.:
The Bombay Stock Exchange (BSE Ltd) is India’s first stock exchange on Dalal Street, Mumbai. Established in 1875, it was the first in Asia and gained permanent recognition under the Securities Contract Regulation Act, 1956. BSE is also the world’s fastest stock exchange, with a trading speed of 6 microseconds. It introduced the S&P BSE SENSEX in 1986 to track market performance. In 2017, it became India’s first listed stock exchange. For FY 2023-24, BSE’s total income increased by 70% to ₹1617.90 crore, with notable growth in securities services, investments, corporate services, and data dissemination. Net profit surged by 97% to ₹404.14 crore. Plus, as of 16th September 2024, the BSE index SENSEX grew 40.32% in the last three years, against the growth of NIFTY50, which was 43.98%. [Source: Annual Report]
Godfrey Phillips India Ltd.:
Godfrey Phillips India, part of the KK Modi Group, is a key player in India’s FMCG sector. It controls 14% of the domestic cigarette market with brands like Four Square, Red & White, and Cavanders. The company also produces and distributes Marlboro in India under an exclusive agreement with Philip Morris. Beyond cigarettes, it has a strong confectionery line for global markets, including the Funda brand. Its stock rose by 683.81% in three years, far outpacing Nifty FMCG’s 57.52% and NIFTY 50’s 43.98% as of 16th September 2024. In FY2024, net profit grew to Rs.880.84 crore, up from Rs.608.83 crore in FY2023, with an earning per share of Rs.196.41. [Source: Annual Report]
Adani Green Energy Limited:
Adani Green is one of India’s largest renewable energy producers, founded in 2016. It has an operational capacity of 10,934 MW, with an additional 10,131 MW under construction. The company has scaled up its renewable energy target from 45 GW to 50 GW by 2030. In FY2024, it began work on a 30 GW project in Khavda, Gujarat, which will be the world’s largest renewable energy plant. Revenue from operations grew by 18.32% to Rs.9,220 crores in FY2024. Its EBITDA for Q1 FY2024 stood at Rs.2,658 crores, with an impressive 92% annual EBITDA margin. Net profit also increased from Rs.973 crores in FY2023 to Rs.1,260 crores in FY2024. [Source: Annual Report]
Triveni Engineering and Industries Ltd.:
Triveni Engineering and Industries Ltd., founded in 1932, is a key player in sugar, ethanol, and engineering. Based in UP’s sugarcane-rich regions, it is one of India’s top three sugar producers and the second-largest ethanol supplier. In FY2024, its long-term rating was upgraded to ICRA AA+ (Stable), while its short-term rating stayed at ICRA A1+ for bank facilities worth Rs.3,110.37 crore. The company approved a total dividend of Rs.5.75 for FY24. Though net revenue fell by 7.1% to Rs.5,220.1 crore and EBITDA dropped slightly by 1.1% to Rs.688.4 crore, quarterly results for June 2024 showed an 8.58% rise in net sales to Rs.1,300.68 crore. [Source: Annual Report]
Dixon Technologies Limited:
Dixon Technologies has been a leader in India’s electronic manufacturing services (EMS) since 1993. Starting with color TVs in 1994, it now offers a range of solutions in consumer durables, home appliances, lighting, mobile phones, and security devices. Dixon also provides repair and refurbishment services for products like set-top boxes, mobile phones, and LED TVs. It serves top global and domestic brands as an original equipment manufacturer (OEM) and original design manufacturer (ODM). In FY2024, Dixon entered a joint venture with Japan’s Rexxam to manufacture air conditioner printed circuit boards, generating ₹362 crores in revenue. Dixon’s total FY2024 revenue was ₹17,690.9 crores, showing a 45% growth, with a PAT of ₹3,749 crores (47% growth) and a return on capital employed (ROCE) of 38%. [Source: Annual Report]
Top 10 volume gainers from NIFTY 500 based on the trade volume of 16th September 2024 vs the past one week’s average:
| Sno | Symbol | Volume | Volume Change % |
| 1 | TRIVENI | 12301011 | 1701.85 % |
| 2 | KRBL | 9651848 | 1570.38 % |
| 3 | BSE | 10655258 | 1355.90 % |
| 4 | ADANIGREEN | 5342553 | 827.84 % |
| 5 | HEG | 496225 | 513.17 % |
| 6 | CDSL | 8513194 | 417.29 % |
| 7 | MCX | 1571326 | 413.93 % |
| 8 | RADICO | 1459401 | 398.38 % |
| 9 | ADANIPOWER | 14262760 | 372.44 % |
| 10 | EMAMILTD | 1854200 | 335.02 % |
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:
KRBL Ltd.:
KRBL is the world’s leading basmati rice producer with fully integrated operations, from seed development to packaging and marketing. It’s India’s largest exporter of branded basmati rice, with its India Gate brand recognized as the world’s No. 1 basmati rice brand. KRBL also operates the largest rice milling plant in Punjab and has the largest contract farming network for rice. As of Q1 FY25, KRBL holds a 37.1% market share in general trade and 44.9% in modern trade of packaged basmati rice in India. Domestic revenue grew 9%, while overall revenue declined by 15% due to lower export sales. The company’s income for the June 2024 quarter was ₹1,221 crore, with a PAT of ₹87 crore and a 7.1% PAT margin. KRBL’s net worth stood at ₹4,945 crore. [Source: Annual Report]
HEG Limited:
HEG Ltd is a top graphite electrodes manufacturer and exporter in India. It runs the world’s largest integrated graphite electrodes plant, with a capacity of 80,000 tons per year. As part of the LNJ Bhilwara Group, HEG is also involved in IT services, power, and textiles. It specializes in producing various graphite electrode grades like UHP, SHP, and HP. This high-tech sector has significant entry barriers, with HEG being the last global entrant in 1976. The company exports 65-70% of its production to 35 countries for over 20 years. In June 2024, HEG earned revenue of Rs.571.46 crore, lower than Rs.671.43 crore in June 2023, with a net profit of Rs.23.04 crore, down from Rs.139.08 crore. Despite the decline in profit, the company stock grew 22.55% in the last twelve months as of 16th September 2024. [Source: Annual Report]
Central Depository Services (India) Limited:
Central Depository Services Limited (CDSL) plays a significant role in the capital market, offering services to exchanges, clearing corporations, DPs, issuers, and investors. It lets you hold and transact securities electronically, like equities, bonds, mutual funds, and Treasury Bills. For the June 2024 quarter, CDSL’s total income was Rs.286.90 crore, a 7.30% rise from the previous quarter and a 65.02% increase from June 2023. CDSL’s stock has a P/E ratio of 60.22, and its value grew by 4.45% over the last three years as of 16th September 2024. [Source: Annual Report]
Multi Commodity Exchange Clearing Corporation Limited:
The MCX, launched in November 2003, is India’s first national electronic exchange for commodities. It’s the leading platform for fair price discovery and risk management in the Indian commodity market that operates under SEBI. In FY24, MCX had a 95.9% market share in commodity futures, with a 100% share in precious metals and stones, 99.61% in energy, and 99.80% in base metals. It holds a 2.65% share in agri-commodities. MCX is the 7th largest in commodity futures and the 6th in options. The NCDEX, the second-largest player, has the remaining 3.9% market share. For FY 2023-24, MCXCCL handled ₹49.87 lakh crore in futures and ₹226.67 lakh crore in options. Physical deliveries totaled ₹11.18 thousand crore. The total income was ₹168.84 crore, net profit ₹32.42 crore, and EPS ₹1.36. The net worth, as of FY2024, was ₹488.17 crore. [Source: Annual Report]
Radico Khaitan Ltd.:
Founded in 1943, Radico Khaitan is a top IMFL brand in India. Originally called Rampur Distillery Company, it focused on distilling for brands and military canteens. In 1997, Radico Khaitan launched its own branded products, starting with 8PM whisky, which quickly became a hit. By FY2024, the company had built a strong brand portfolio with over 100,000 retail outlets, 25+ brands, and a distillation capacity of 32.1 crore liters annually. It has a global presence in over 100 countries and holds around 50% of India’s luxury gin market as of June 2024 quarter. Its revenue for the quarter was ₹1,136.5 crore (+19.1%), with a gross profit of ₹472.0 crore (+13.5%) at a 41.5% margin, despite a 4% drop in total volume to 0.7 crore cases. [Source: Annual Report]
Nifty and Sensex went up, with Sensex reaching a new record. Even though there was a slight negative candle for the second day in a row, analysts think this might indicate the uptrend will continue. While the outlook is positive, it’s still a good idea to do thorough research before investing.
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.
