20 stocks to add to your watchlist today: 30th September 2024

The market took a breather after the continuous rallies over the last few days. The US Fed rate cut and anticipated foreign inflow-led surge changed course on Friday when the market indices dropped to a flattish close level. The NIFTY closed at 26,179, and the SENSEX closed at 85,571.85. Sugar stocks drove today’s surge after Food Minister Pralhad Joshi hinted at increasing ethanol prices and raising the minimum selling price (MSP) of sugar. A few other stocks that were a part of the surge also 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 27th September 2024:

Sno	Symbol	CMP	Performance
1	RENUKA	53.15	10.45 %
2	KPIL	1422.00	7.64 %
3	BALRAMCHIN	653.15	6.59 %
4	BPCL	366.60	6.23 %
5	BBTC	2860.05	6.14 %
6	WESTLIFE	930.50	6.14 %
7	PHOENIXLTD	1924.00	6.12 %
8	EXIDEIND	498.50	5.67 %
9	SJVN	132.79	5.40 %
10	PRAJIND	800.50	5.31 %

(source: NSE on 27th September 2024)

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:

Shree Renuka Sugars Ltd.:

Shree Renuka Sugars Ltd, incorporated in 1995, focuses on manufacturing and refining sugar, producing ethanol and ethyl alcohol, and generating power. It operates two of India’s largest port-based refineries. The company handles everything from refining raw sugar to generating power from bagasse and creating bio-compost. In FY2024, Shree Renuka invested Rs.3,450 million to acquire a 100% stake in Anamika Sugar Mills Pvt. Ltd. Their sugar refining capacity reached 15,13,247 MT, with revenue of Rs.8,369.5 crore from refining and Rs.1,300.7 crore from milling. Total revenue surged to Rs.10,898.1 crore, a 26% increase. They reported Rs.8,229.7 crore in export revenue but faced a net loss of Rs.559.5 crore. However, the stock’s three-year return was 92.56% as of 27th September 2024.  (Source: Annual Report)

Kalpataru Power Transmission Limited:

Kalpataru Power Transmission Ltd, founded in 1981, is a leading global EPC company interested in power transmission, distribution, oil and gas pipelines, railways, and biomass power generation. Part of the renowned Kalpataru Group, it operates in 73 countries, currently handling over 250 projects across 30+ nations. The company expanded its presence in Sweden and Brazil through the acquisitions of Linjemontage and Fasttel. Key subsidiaries include Linjemontage, Fasttel, and Kalpataru Power Chile SpA. It has a record-high order book of Rs.58,415 crores, reflecting 27% growth. In FY24, Kalpataru secured a US$ 900 million oil and gas pipeline order from Aramco and entered underground tunneling. The company achieved its highest-ever revenue of Rs.19,626 crores, with stable net debt at Rs.2,591 crores and a PAT of Rs.516 crores. (Source: Annual Report)

Balrampur Chini Mills Limited:

Balrampur Chini Mills Limited (BCML) is one of India’s largest integrated sugar companies. Besides sugar, it also focuses on distillery operations and power cogeneration. BCML has expanded its capacity through strategic projects and acquisitions. It operates 10 plants in Eastern and Central Uttar Pradesh with a crushing capacity of around 80,000 TCD per day. Its five distillery units produce 1,050 KLPD, while its 10 power units generate 176 MW. A new distillery at Maizapur, able to run on three resources, will allow year-round operations, boosting ROI. BCML also leads in sustainability with India’s first polylactic acid production, replacing single-use plastics. It was one of the first to transfer cane payments to farmers digitally. As of June 2024, it holds a 33.72% stake in Auxilo Finserve Pvt. Ltd. In the same quarter, BCML reported revenue of Rs.1,421.6 crore and a net profit of Rs.70 crore. (Source: Annual Report)

Bharat Petroleum Corporation Limited:

Bharat Petroleum Corporation Limited (BPCL) is India’s second-largest Public Sector Oil Marketing Company and a key player in the global oil and gas industry. It plays a vital role in meeting the country’s energy demands. BPCL operates through nine business units, supported by a 3,537-km pipeline network, and has a strong presence across the entire energy value chain. It has a refining capacity of 35.3 MMTPA, with refineries in Mumbai, Kochi, and MP accounting for 14-15% of India’s refining capacity. In FY2024, BPCL reported a revenue of Rs.506,993 crore, a net profit of Rs.26,859 crore, and an ROCE of 34.07%. The board declared a final dividend of Rs.21 per share (pre-bonus), making the total dividend Rs.42 per share for the year, a remarkable 950% increase from FY 2022-23. (Source: Annual Report)

Bombay Burmah Trading Corporation Limited:

Founded in 1863, Bombay Burmah Trading Corporation Limited (BBTCL) is a flagship company of the Wadia Group. Initially, BBTCL focused on the teak business, serving domestic demand. In 1913, it expanded into tea plantations in South India.  Today, BBTCL operates in various sectors, including tea, coffee, biscuits, dairy, auto-electric products, white goods, healthcare products, and more. It has a long history of over 150 years and remains a key player in the Wadia Group, one of India’s oldest conglomerates. The Wadia Group has a diverse presence in consumer goods, healthcare, real estate, and more. For FY2024, BBTCL reported a total revenue of Rs.382.75 crore and a net loss of Rs.588 crore. As of the June 2024 quarter, its total income reached Rs.4403.30 crore, with a net profit of Rs.471.62 crore. (Source: Annual Report)

Top 10 stock performers today from NIFTY 500

Based on the trade volume of 27th September 2024 vs the past one week’s average:

Sno	Symbol	Volume	Volume Change %
1	WESTLIFE	4448887	4438.66 %
2	RENUKA	253434802	1779.35 %
3	SWSOLAR	27718473	1773.74 %
4	PRAJIND	13353175	1668.03 %
5	TRENT	11179751	1466.83 %
6	DIVISLAB	6886782	1262.33 %
7	LTIM	5261319	829.19 %
8	BEL	208587909	730.03 %
9	BERGEPAINT	8923916	697.50 %
10	MARICO	14237160	654.17 %

(source: NSE on 27th September 2024)

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:

Westlife Development Limited:

WDL operates McDonald’s in West and South India through its subsidiary, Hardcastle Restaurants Pvt. Ltd. (HRPL). HRPL started as a joint venture with McDonald’s USA in 1995 and became the master franchisee in 2011. Today, it runs 397 McDonald’s and 360 McCafé outlets across 64 cities, including malls and high streets. HRPL employs nearly 10,000 people and opened 41 new stores in FY2024, including India’s first 24×7 airport drive-thru at Mumbai’s Terminal 2. The company earned Rs.2390 crore in FY2024, with a 5% growth in sales per store, reaching Rs.6.3 crore. Its operating margin is 21.8%, and ROCE is 23.7%, but net profit fell to Rs.69.21 crore from Rs.111.58 crore in FY2023. (Source: Annual Report)

Sterling and Wilson Solar Limited:

Sterling and Wilson Solar Ltd, backed by Reliance Industries, is a global leader in solar engineering, procurement, and construction (EPC) solutions. It also handles the operation and maintenance (O&M) of solar power projects. Initially part of the Shapoorji Pallonji Group, the company was demerged and incorporated as SWREL in 2017. In FY22, Reliance New Energy Ltd, a subsidiary of Reliance Industries, acquired a 32.6% stake in the company. SWREL has a global EPC portfolio of 18 GW and an O&M portfolio of 7.67 GW across 28 countries. It set up a 1,177 MW solar plant in Abu Dhabi, its largest single location project. In FY2024, its consolidated revenue grew by 51% to Rs.3,035 crore, and its net loss narrowed to Rs.210.79 crore from Rs.1,174.96 crore in FY2023. Net debt also dropped significantly to Rs.116 crore from Rs.1,966 crore the previous year. (Source: Annual Report)

Praj Industries Limited:

Praj Industries Ltd., founded in 1983, is a global leader in biotechnology and engineering, offering sustainable solutions in bioenergy, water purification, process equipment, and wastewater treatment. It focuses on environmental solutions and farm-to-fuel technology. In FY2024, Praj was ranked No. 1 in the ‘Hottest Top 50 Companies in Advanced Bioeconomy’ by Biofuels Digest. The company’s net worth for FY2024 stood at Rs.1274.4 crore, with a turnover of Rs.3466.3 crore and a net profit of Rs.2833.9 crore. In the June 2024 quarter, net sales were Rs.699.14 crore, down 5.1% from the previous year, while quarterly net profit rose 43.52% to Rs.84.18 crore. (Source: Annual Report)

Trent Limited:

Trent Limited, part of the Tata group, is owned about 37% by Tata Sons Pvt Ltd, which holds 32.45% as of March 2024. Trent Ltd offers a variety of products, including apparel, footwear, accessories, toys, games, food, and groceries through its retail formats. Some of its popular brands are Zudio, Westside, Utsa, Misbu, Samoh, and Star Bazaar. As of March 31, 2024, Trent has seven subsidiaries, including two international ones, along with joint ventures with Tesco PLC and MAS Amity, and associate companies with Inditex in Spain. For FY2024, Trent’s total revenue reached Rs.12,375.11 crore, a 50.15% increase from the previous year, and it reported a profit of Rs.1,029 crore, marking a 61% rise from FY2023. (Source: Annual Report)

Divi’s Laboratories Ltd.:

Divi’s Laboratories Ltd., based in Hyderabad, has been a top player in the pharmaceutical industry for over 30 years. With two manufacturing units, it focuses on producing high-quality APIs (Active Pharmaceutical Ingredients), Intermediates, and Registered Starting Materials, catering to over 100 countries. Divi’s operates in three main segments: Generic APIs, Custom Synthesis, and Nutraceuticals. Its manufacturing units have a total capacity of about 14,600 M³ and offer 160 products across various therapeutic areas. The company also has two subsidiaries—one in New Jersey and another in Basel—to serve its nutraceutical customers better. In recent financials, the net profit margin dropped to 19.70% in FY2024 from 22.67% in FY2023. However, revenue from operations increased to Rs.7,845 crore. Divi’s net profit for the quarter ending June 2024 also saw a rise, reaching Rs.430 crore. (Source: Annual Report)

The market had a flat start but quickly reached new record highs in the morning. However, it remained range-bound during the first half. In the second half, selling pressure pulled the benchmark indices down into negative territory. Given such uncertain market movements, it’s wise to approach investment options carefully. Make sure to do thorough research on both the stock and the market before making any decisions. 

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.