20 Stocks to Add to Your Watchlist Today: 2nd September 2024

The fifth edition of the Global Fintech Fest wrapped up today after three days of giving a blueprint for the next decade of finance. The event’s festive mood boosted equity benchmarks, with the Nifty 50 hitting a new all-time high for the third day in a row, closing above 25,200 on 30 August 2024.

It rose 1.66% this week, marking its fourth week of gains. The two leading indices followed the green trend, with NIFTY closing at 25,235.90 and the SENSEX closing at 82,456.25. Apart from the index, 20 individual stocks made it to the top performers and movers list on 30th August 2024. 

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 today from NIFTY 500

Sno	Symbol	CMP	Performance
1	PAYTM	624.9	12.7 %
2	SUNDARMFIN	5,095.00	7.87 %
3	JSL	794.00	7.86 %
4	TRIVENI	473	7.72 %
5	AUBANK	689.25	7.64 %
6	RADICO	1953.6	7.48 %
7	CAPLIPOINT	1918	6.89 %
8	KEC	955.95	6.13 %
9	GODFRYPHLP	6,500.00	6.04 %
10	TORNTPOWER	1754.25	5.72 %

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 Performing Stocks Today

1. One 97 Communications Ltd. (Paytm).:

Incorporated in 2000, One 97 Communications Ltd is India’s top digital ecosystem for consumers and merchants. By March 31, 2021, it had over 333 million customers and 21 million registered merchants. Paytm, its flagship brand, leads India’s digital payment ecosystem. In FY2024, merchant subscriptions reached 1.07 crores, and average monthly users were 9.6 crores. The loan distribution business also grew, with Rs.52,390 crore in loans disbursed, a 48% YoY increase. Paytm has 12 lakhs activated cards in partnership with SBI Card, HDFC Bank, and Kotak Bank. Despite generating Rs.9,978 crore in revenue in FY2024, the company faced a 14.3% net loss margin in FY2024. However, Paytm reduced its debt and brought the debt-to-equity ratio to 0.01. 

2. Sundaram Finance Limited:

Sundaram Finance, a registered deposit-taking NBFC founded in 1954, offers retail finance in areas like vehicle finance, home finance, mutual funds, general insurance, and financial service distribution. The company’s capital adequacy ratio (CRAR) as of FY2024 was 20.50%, well above the 15% statutory requirement, and the return on Net Worth was 17.5%, up from 14.9% the previous year. Disbursements for FY2024 reached Rs.26,163 crore in FY2024, a 25% growth from Rs.20,966 crore. Gross receivables managed were Rs.51,385 crore, a 28.6% increase from FY2023. The company also recorded a net profit of Rs.1,454 crore, up 33.64% from Rs.1,088 crore. Additionally, revenue from operations was Rs.5,479.94 crore, and the company retained the long-term credit ratings at “AAA” with a “Stable Outlook” by CRISIL and ICRA.

3. Jindal Stainless Steel Limited:

Jindal Stainless Ltd is one of India’s largest manufacturers of stainless steel flat products, offering a range of grades like Austenitic, Ferritic, Martensitic, and Duplex. Their products, including Ferro Alloys, Steel Slabs, and Coils, are exported to over 50 countries and used in various industries such as automobiles and construction. They supplied high-strength alloy steel for Chandrayaan-3 and stainless steel for Kolkata’s underwater metro line. In FY2024, they acquired Chromeni Steels and the remaining 74% stake in Jindal United Steel to make it a wholly-owned subsidiary. The company’s net revenue grew 8% to Rs.38,562 crore, with EBITDA up 31% and PAT up 29% in FY2024. Additionally, the company announced a 150% per-share dividend in FY2024.

4. Triveni Engineering and Industries Ltd.:

Triveni Engineering and Industries Ltd., founded in 1932, is a significant player in sugar, ethanol, and engineering. Located in the sugarcane-rich regions of UP, it ranks among India’s top three sugar producers and is the second-largest ethanol supplier. In FY2024, the company’s long-term rating was upgraded to ICRA AA+ (Stable), and its short-term rating was reaffirmed at ICRA A1+ for bank facilities of Rs.3,110.37 crore. Also, the Board approved a total dividend of Rs.5.75 for FY24. Despite a 7.1% drop in net revenue to Rs.5,220.1 crore and a slight 1.1% dip in EBITDA to Rs.688.4 crore as of FY2024, quarterly results showed an 8.58% increase in net sales to Rs.1,300.68 crore in June 2024. 

5. AU Small Finance Bank Limited:

AU Small Finance Bank Limited offers various banking and financial services, including retail and wholesale. After receiving its Small Finance Bank (SFB) license in 2015, AU Financiers started its SFB journey on 19th April 2017. By November 2017, it achieved Scheduled Bank status and joined the Fortune India 500 list. In 2021, it became the largest SFB in the country. The Bank’s presence grew from 403 Touchpoints in 2017 to 2,383 across 21 States and 4 Union Territories by March 2024. FY2024’s credit-to-deposit ratio was 84%, net NPA was 0.5%, and CASA was 33%. The gross loan portfolio reached Rs.82,175 crore, a 28% rise, while deposits grew by 26% to Rs.87,182 crore in FY2024. The quarterly net profit as of June 2024 was Rs.503 crore. 

Top 10 volume gainers stocks today from NIFTY 500

Sno	Symbol	Volume	Volume Change %
1	PRESTIGE	22806542	1612.86 %
2	PRAJIND	12,980,591.00	1606.36 %
3	TRIVENI	12,847,651.00	1443.57 %
4	OIL	79429541	1312.24 %
5	HDFCBANK	222671050	1295.58 %
6	OFSS	3031738	1087.93 %
7	RENUKA	113232641	1035.6 %
8	EIDPARRY	4,645,983.00	978.14 %
9	IDEA	4,213,692,117.00	961.52 %
10	RADICO	3272326	931.96 %

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 volume gainer stocks on the list today

1. Prestige Estate Projects Ltd.:

Prestige Estates Projects Ltd started as a partnership firm on April 1, 1986, under the name Prestige Estates and Properties. On June 4, 1997, it became a private limited company, Prestige Estates Projects Private Ltd. The company operates in residential, office, retail, hospitality, property management, and warehouses across over 12 prominent locations in India.

It holds a CRISIL DA1+ rating and an ICRA A+ credit rating. With 38+ years of experience, it has completed 300+ projects covering 190 million sq. ft., with 53 ongoing and 48 upcoming projects as of March 2024. For FY2024, the company reported a 31.8% CAGR in profit growth, with a net profit of Rs.1628.2 crore and a net worth of Rs.11288.8 crore. For June 2024, sales reached Rs.3029.5 crore, with an EBITDA margin of 47.35% and a PAT margin of 15.16%. 

2. Praj Industries Ltd.:

Praj Industries Ltd., founded in 1983, is a global leader in biotechnology and engineering. It provides sustainable solutions in bioenergy, water purification, process equipment, breweries, and wastewater treatment, focusing on environmental and energy 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. As of FY2024, the company’s net worth was Rs.1274.4 crore, with a turnover of Rs.3466.3 crore and a net profit of Rs.2833.9 crore. Net sales in the June 2024 quarter were Rs.699.14 crore, down 5.1% from the previous year, but quarterly net profit rose 43.52% to Rs.84.18 crore. 

3. Oil India Ltd.:

Oil India Limited specializes in exploring and producing oil and natural gas. They handle activities like seismic surveys, acquiring and analyzing 2D and 3D data, drilling, and field development. OIL also provides various E&P services for oil blocks. It owns and runs a 1,157-kilometer automated crude oil pipeline from Naharkatia to Barauni. As of FY2024, the company had a dividend payout of 26.4%. In FY2024, OIL reported a net profit of Rs.5,551.85 crore, which is lower than the previous year’s profit of Rs. 6,810.40 crore. However, the one-year return on the company stock as of 30th August 2024 was 302.87%. 

4. HDFC Bank Ltd.:

HDFC Bank merged with HDFC Limited to become HDFC Bank Ltd. Headquartered in Mumbai, HDFC Bank is India’s largest private sector bank by assets and the world’s tenth-largest bank by market cap as of May 2024. In FY2024, it launched a UPI QR code that works with Central Bank Digital Currency (CBDC), among the first to integrate it. For the same year, its deposits reached ₹23,79,786 crore (up 26.4%), with total advances at ₹24,84,862 crore. The capital adequacy ratio was 18.8%, and the ROE was 16.1% for FY2024. It reported a Profit After Tax of ₹60,812 crore, a net NPA ratio of 0.33%, a CASA ratio of 38.2%, and a dividend per share of ₹19.5. 

5. Oracle Financial Services Ltd.:

Oracle Financial Services Software Ltd, based in Mumbai, is a subsidiary of Oracle Global (Mauritius) Limited. The company offers AML and financial crime compliance solutions, retail and corporate banking, risk and finance, revenue management, insurance, cloud infrastructure, and customer experience.

For FY2024, it reported revenue of Rs.6372.96 crore and a net profit of Rs.2219.36 crore. In the same year, an interim dividend of Rs.240 per share was declared. For Q1 FY2024, its total income was Rs.1,789.40 crore, up 3.74% from the previous quarter and 14.48% from the June 2023 quarter. The net profit for the June 2024 quarter was Rs. 616.70 crore.

India’s capital markets are changing fast, with domestic dynamics and fundraising shifts. Right now, the markets can be considered bullish. Investors have seen impressive returns, averaging 30% from IPOs over the past year. However, it’s essential to stay alert and informed. So, before making any investment decision, research thoroughly and proceed cautiously.   

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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.