The anticipation of an expected US Fed rate cut led gold prices to an all-time high. This, coupled with a renewed interest in gold and the prospect of a weaker dollar, led to the market’s almost positive sentiment today with a special growth in the auto stocks. The NIFTY closed green at 25,418.50, and the SENSEX closed at 83,068. Meanwhile, a few other stocks moved resiliently 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 17th September 2024:
| Sno | Symbol | CMP | Performance |
| 1 | CENTURYPLY | 890.00 | 11.02 % |
| 2 | BLUEDART | 9042.35 | 9.86 % |
| 3 | HSCL | 641.00 | 8.04 % |
| 4 | KAYNES | 5572.00 | 4.95 % |
| 5 | MGL | 1907.00 | 4.70 % |
| 6 | VBL | 647.90 | 4.32 % |
| 7 | THERMAX | 5212.50 | 4.17 % |
| 8 | LLOYDSME | 822.75 | 4.15 % |
| 9 | PRESTIGE | 1908.20 | 3.99 % |
| 10 | SOBHA | 1846.00 | 3.91 % |
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:
Century Plyboards India Ltd.:
Century Plyboards India Ltd, founded in January 1982 by Sajjan Bhajanka and Sanjay Agarwal, is one of India’s top players in the plywood industry. It produces a wide range of products, including plywood, veneer, laminates, MDF, particle board, and related items. Century Plyboards is a leader in its field, holding a 29% share of the organized plywood market in India. However, it operates in an industry where around 70% of the market is controlled by unorganized players. For FY2024, the company reported a revenue of Rs.3758.57 crore, a 6.2% increase from the previous year. However, its net profit stood at Rs.314.73 crore, a decline of 9.8% compared to FY2023. The return on capital employed (ROCE) dropped to 17.38%, down from 22.71% in FY2023. On a positive note, the company’s net worth rose by 16%, reaching Rs.2,168.21 crore. [Source: Annual Report]
Blue Dart Express Ltd.:
Blue Dart Express Limited, established in 1983, specializes in transporting and delivering time-sensitive shipments. It provides a door-to-door service through a well-connected ground and air transportation network. Blue Dart is recognized as South Asia’s leading courier and air express package distribution company. For FY2024, the company reported revenue of Rs.5,267.83 crore, with a PAT of Rs.288.64 crore and a net worth of Rs.1,438.63 crore. Its return on capital employed (ROCE) stood at 26.6%. In the June 2024 quarter, Blue Dart’s net sales reached Rs.1,342.71 crore, marking an 8.5% growth compared to Rs.1,237.55 crore in June 2023. However, its quarterly net profit dropped 12.83%, from Rs.61.28 crore in June 2023 to Rs.53.42 crore in June 2024.[Source: Annual Report]
Himadri Speciality Chemical Limited:
HSCL is a global specialty chemical company that focuses on R&D, innovation, and sustainability. It has one of the world’s largest value chains in the carbon segment. HSCL is India’s top coal pitch manufacturer and the only company in the country making advanced carbon materials. It’s also the largest producer of Naphthalene and SNF. The company has a global presence across 54+ countries. As of FY2024, HSCL earned Rs.787.41 crore from exports, contributing 18.82% to its total revenue of Rs.4185 crore. Additionally, in the June 2024 quarter, the company saw a net profit of Rs.122.62 crore, up 42.33% from the same period in 2023. [Source: Annual Report]
Kaynes Technology Ltd.:
Kaynes Technology, founded in 2008, is a leader in electronics manufacturing and IoT solutions. It handles everything from design and engineering to integrated manufacturing and lifecycle support. Major industries like automotive, aerospace, defense, and IT rely on its services. In FY2024, Kaynes’ revenue reached Rs.1,804.6 crore, up from Rs.1,126.11 crore in FY2023. Net profit also increased to Rs.183.28 crore from Rs.95.16 crore the previous year. While the June 2024 quarter saw a slight dip in net profit to Rs.51 crore, compared to March 2024, the stock has still delivered a 162.32% return over the past year as of 17th September 2024. [Source: Annual Report]
Mahanagar Gas Limited:
Mahanagar Gas Ltd is India’s leading city gas distributor, providing CNG for vehicles and PNG to homes, businesses, and industries across Mumbai, Thane, and Raigad. Its vast pipeline network of 6,968 km connects around 12.5 lakh households, with the potential to reach 16 lakh. It also supports 4,200 commercial and industrial clients. In FY2024, the company launched a joint venture, Mahanagar LNG Private Limited, with Baidyanath LNG, marking the first LNG retail outlet in India. Through its subsidiary, Unison Enviro Pvt Ltd, it connected 3,30,330 homes to PNG, the highest by any city gas distributor. The company also invested in 3EV Industries, which manufactures electric three-wheelers. For FY2024, Mahanagar Gas reported a net profit of Rs.1,289 crore, with a net worth of Rs.5,143 crore and total revenue of Rs.6,862 crore. [Source: Annual Report]
Top 10 volume gainers from NIFTY 500
Based on the trade volume of 17th September 2024 vs the past one week’s average:
| Sno | Symbol | Volume | Volume Change % |
| 1 | BLUEDART | 1356521 | 25114.14 % |
| 2 | NUVOCO | 10139625 | 5034.50 % |
| 3 | CENTURYPLY | 4773486 | 4485.33 % |
| 4 | IGL | 16618587 | 1073.46 % |
| 5 | MGL | 4858121 | 1046.12 % |
| 6 | TORNTPOWER | 3895583 | 590.13 % |
| 7 | CARBORUNIV | 507767 | 539.34 % |
| 8 | BLS | 20728008 | 419.89 % |
| 9 | LLOYDSME | 1314386 | 353.19 % |
| 10 | ACE | 1032841 | 307.13 % |
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:
Nuvoco Vistas Corporation Ltd.:
Nuvoco Vista Corporation Ltd (NVCL) is part of the Nirma Group, known for its wide range of products from chemicals to healthcare and real estate. Nuvoco is India’s 5th largest cement group with a 25 MMTPA capacity, leading in East India. Its business spans three segments: Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM). With 85 locations, including 11 cement plants and 58 RMX plants, Nuvoco provides premium products across India. It has contributed to major projects like Bharatmala Pariyojana, the Mumbai-Ahmedabad bullet train, and the Western Dedicated Freight Corridor. In FY2024, Nuvoco achieved its highest-ever EBITDA of Rs.1,657 crores, with revenue of Rs.10,733 crores and a PAT of Rs.147 crores (1.37% margin). ROCE stood at 5.49%. [Source: Annual Report]
Indraprastha Gas Limited:
Indraprastha Gas Limited (IGL), incorporated in 1998, focuses on city gas distribution in Delhi and nearby regions like Noida, Ghaziabad, and Gurugram. As the sole distributor of CNG and PNG in Delhi, CNG drives 75% of IGL’s total sales volume. It operates as a joint venture between GAIL, BPCL, and the Delhi Government, which holds a 5% equity stake. IGL serves over 25.6 lakh residential connections and 10,000 industrial customers. It also operates 819 CNG stations. As of FY2024, IGL expanded to 32 districts across 11 Geographical Areas, meeting more than 21% of the sector’s demand. The company achieved its highest profit after tax of Rs.1,748 crore, with daily sales averaging 8.43 million cubic meters and total sales of Rs.14,363.23 crore. [Source: Annual Report]
Torrent Power Limited:
Torrent Power Ltd is a leading power utility company in India and part of the Torrent Group. It operates across power generation, transmission, and distribution. Torrent Power is a well-known brand in the Indian power sector, with a strong presence in Gujarat, Maharashtra, Uttar Pradesh, and Karnataka. Known for its experience handling large power projects, it’s a major player in Gujarat’s private sector. The company also manufactures and supplies power cables. In FY2024, Torrent Power had a generation capacity of 4328 MW. For the June 2024 quarter, its net sales were Rs.9,033.73 crore, a 23.28% increase from June 2023. Net profit surged to Rs.972.24 crore, up 87.96% from Rs.517.27 crore in the previous year.[Source: Annual Report]
Carborundum Universal Ltd.:
Carborundum Universal Ltd, part of the Murugappa group, manufactures abrasives, ceramics, refractories, and electro-minerals. It offers both rigid and flexible abrasives, with key products including Bonded Abrasives, Coated Abrasives, Metal Working Fluids, and Super Abrasives. The company holds over 30% market share in the bonded abrasives segment, making it a leader in India’s abrasives industry. For the June 2024 quarter, net sales were Rs.1,197.54 crore, a slight drop from Rs.1,203.22 crore in June 2023. Net profit was Rs.112.96 crore, down 0.24% from Rs.113.23 crore. However, EBITDA rose to Rs.200.59 crore, showing a 0.13% increase from Rs.200.32 crore the previous year.[Source: Annual Report]
BLS International Services Ltd.:
BLS International Services Ltd. is a global leader in visa, passport, and consular services. Recognized by Business Today Magazine as one of “India’s Most Valuable Companies,” BLS partners with 46 governments, including embassies and consulates, across 64 countries. With over 50,000 centers worldwide, its presence is vast. As of 17th September 2024, BLS’s stock gave a 47.93% return over the last twelve months and outperformed the NIFTY50 index (25.88%) growth in the same period. In June 2024, its quarterly net sales grew by 28.47% year-on-year, reaching Rs.492.67 crore. [Source: Annual Report]
As the market expects the US Federal Reserve monetary policy to announce an interest rate cut of around 25 basis points, there was subtle positive momentum in the stock prices. Considering the mixed global cues and the current market, it is imperative to invest only after careful consideration of all the macroeconomic factors.
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.
