With Nvidia declaring its quarter results and Reliance Jio Infocomm announcing its aim to double its revenue over the next couple of years in its AGM, the market ended the day’s trading session on a positive note. The SENSEX closed 0.43% at 82134.61, and NIFTY ended the day at 25,141.55. Reliance Industries’ announcement of bonus issues spearheaded the gains on 29th August 2024. And amidst this positive rally, 20 stocks made it to the list of top performers and movers 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 performers today from NIFTY 500
| Sno | Symbol | CMP | Performance |
| 1 | TV18BRDCST | 51.61 | 7.72 % |
| 2 | GSPL | 420.50 | 6.09 % |
| 3 | SONATSOFTW | 662.00 | 6.0 % |
| 4 | GODFRYPHLP | 6140 | 5.89 % |
| 5 | CONCORDBIO | 1707 | 5.85 % |
| 6 | LTTS | 6000 | 5.66 % |
| 7 | FINPIPE | 313.75 | 5.48 % |
| 8 | WHIRLPOOL | 2,186.00 | 5.4 % |
| 9 | PNBHOUSING | 951.00 | 5.37 % |
| 10 | JMFINANCIL | 106.9 | 4.96 % |
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 Performing Stocks Today
- TV18 Networks Ltd.:
TV18, a Network18 Media & Investments Limited subsidiary, is involved in broadcasting, digital content, and allied businesses. It operates India’s largest news network, with channels covering business, general, and regional news in multiple languages. Global partners include CNBC, CNN, Viacom, Forbes, and A+E Networks. As of FY2024, TV18’s annual revenue grew by 60.76%, outpacing its 3-year CAGR of 28.32%. However, the company lost Rs.120 crore for the fourth consecutive quarter in June 2024. Despite this, the stock provided a one-year return of 6.48% and a 3-year return of 49.97% as of 29th August 2024.
- Gujarat State Petronet Limited:
Gujarat State Petronet Limited, founded in 1998, is a mid-cap company in the Gas & Petroleum sector. It operates as a Government Company under the Companies Act 2013. The company and its subsidiaries focus on natural gas transmission through pipelines, city gas distribution, and wind power generation. Unique to the Indian market, it transmits natural gas without trading it. For the June 2024 quarter, it reported a consolidated income of Rs.4,796.43 Crore, up 4.48% from March 2024 and 15.61% from June 2023. The net profit after tax was Rs.541.49 Crore. The stock delivered a 1-year return of 53.06%, outperforming NIFTY50’s growth of 30.03% as of 29th August 2024.
- Sonata Software Limited:
Sonata Software Ltd, based in Bengaluru, is a global IT services and solutions provider. You can find them in regions like the US, UK, Europe, Australia and New Zealand (ANZ), and Asia-Pacific (APAC). Sonata has partnered with top companies in Retail, Manufacturing, Technology, Media, Telecom, BFSI, and Healthcare. In FY2024, Microsoft inducted them into its exclusive AI Partner Council, and Sonata’s services are now listed on Azure Marketplace. With a 30+ year partnership, Sonata is in Microsoft’s top 1% of partners. AWS also chose Sonata as a preview partner for its GenAI offering. In FY2024, Sonata achieved Rs.8613.06 crore in Net Sales, a 16% growth, and a 69.6% dividend payout. It also maintained a 5-year CAGR profit growth of 11% and made a net profit of Rs.308 crore in FY2024.
- Godfrey Phillips India Ltd.:
Godfrey Phillips India, part of the KK Modi Group, is a leading FMCG company in India. It holds a 14% market share in the domestic cigarette industry with iconic brands like Four Square, Red & White, and Cavanders. The company also has an exclusive agreement with Philip Morris International to produce and distribute Marlboro in India. Beyond cigarettes, it has a strong confectionery portfolio, including the Funda brand, and unique offerings for international markets. The stock returned 521.23% over three years, outperforming Nifty FMCG’s 62.71% and Nifty Midcap 100’s 112.53% as of 29th August 2024. As of FY2024, the company has seen a profit growth of 28.0% CAGR over the past five years, with a net profit of Rs.884 crore.
- Concord Biotech Limited:
Concord Biotech Limited, founded in 1984, is an India-based biopharma company specializing in fermentation-based APIs for immunosuppressants and oncology. Known globally, it operates in over 70 countries, including key markets like the USA, Europe, Japan, and India. The company has an installed capacity of 1,250 m³ and offers 98 approved formulation products as of FY2024. Concord spent Rs.23 crores on R&D and generated Rs.1,016.9 crores in revenue from operations, achieving a 27% ROCE. The company’s net worth stood at Rs.1,526.6 crores in FY2024.
Top 10 volume gainers stocks today from NIFTY 500
| Sno | Symbol | Volume | Volume Change % |
| 1 | CONCORDBIO | 2265950 | 3922.1 % |
| 2 | KEC | 20,549,181.00 | 2127.74 % |
| 3 | WHIRLPOOL | 1,634,793.00 | 1114.16 % |
| 4 | SONATSOFTW | 10077201 | 1075.3 % |
| 5 | FINPIPE | 5352975 | 829.82 % |
| 6 | ZFCVINDIA | 70041 | 789.47 % |
| 7 | SANOFI | 85560 | 750.9 % |
| 8 | TV18BRDCST | 134,140,446.00 | 738.71 % |
| 9 | VIPIND | 2,801,991.00 | 586.8 % |
| 10 | NETWORK18 | 33899727 | 487.15 % |
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
- KEC International Ltd.:
KEC International is a top global infrastructure EPC company. It works in power transmission and distribution, railways, civil and urban infrastructure, solar, oil and gas pipelines, and cables. As part of the RPG Group, it serves clients in over 110 countries. For FY2024, KEC International reported a revenue of Rs.19,914 crore and earned a net profit of Rs.347 crore. The company has built 2,516 km of transmission lines and has a global manufacturing capacity of 4,32,200 MTPA as of FY2024. As of December 2023, the company’s order book was Rs.30,161 crore, but as of FY2024, the order book was Rs.29,644 Crore. Additionally, the company stock grew 33.36% over the past year, slightly outperforming the NIFTY50 index as of 29th August 2024.
- Whirlpool of India Ltd.:
Whirlpool of India Ltd., founded in 1960, is a significant player in consumer durables. It’s a leading manufacturer and marketer of home appliances in India, backed by Whirlpool Corporation, USA. The company’s brands include Whirlpool, KitchenAid, Maytag, Consum, Brastemp, and Amana. As of FY2023, Whirlpool operates 55 manufacturing and research centers. For FY2024, it reported a net profit of Rs.167 crore and Rs.145.25 crore for the June 2024 quarter. In the quarter ending June 2024, its total income was Rs.2,548.21 crore, a 42.08% increase from the previous quarter and 22.90% up from the June 2023 quarter. Its stock delivered a 1-year return of 34.29%, surpassing NIFTY50’s 30.03% and a 3-year return of 9.23%.
- Finolex Industries Ltd.:
Finolex Industries Ltd. (FIL), founded in 1981, is a significant player in the PVC industry. FIL provides a range of high-quality, durable PVC-U pipes and fittings for agriculture, construction, and industrial use. Its main divisions are PVC Resin and PVC Pipes & Fittings. FIL is a top competitor in the domestic PVC resin and pipe markets, with India’s second-largest capacity for PVC pipes. It is the only large, vertically integrated player making its own PVC resin, a key raw material for pipe production. For the quarter ending June 2024, FIL reported a total income of Rs.1,195.39 crore, down 6.55% from the previous quarter and 1.97% from the June 2023 quarter. However, the net profit after tax was Rs.500.23 crore, more than the prior quarter’s net profit of Rs.161 crore.
- ZF Commercial Vehicle Control System India Ltd.:
Operating under the ZF WABCO brand and part of ZF Group’s Commercial Vehicle Control Systems Division, WABCO INDIA Limited leads India in advanced braking systems, conventional braking products, and air-assisted technologies. Based in Chennai, this mid-cap company offers software development and various services. WABCO manufactures and markets braking products and systems for trucks, buses, off-highway vehicles, defense, cars, and fleets. It provides e-mobility technologies, spare parts, after-sales services, digital solutions, retrofit options, workshop solutions, and professional training. As of FY2024, WABCO is nearly debt-free, with a revenue of Rs.3784 crore and a net profit of Rs.405 crore. Besides, the company stock gave a 3-year return of 118.77% as of 29th August 2024.
- Sanofi India Ltd.:
Sanofi Global and its wholly-owned subsidiary, Hoechst GmbH, hold 60.40% of Sanofi India. The company follows its parent’s financial year, which matches the calendar year. Sanofi India Ltd. is a top player in the Indian pharmaceutical market, with key brands including Clexane, Cardace, Daonil, Lantus, and Taxotere. For the quarter ending June 2024, Sanofi India reported a total income of Rs.468.30 crore, a decrease from Rs.738.90 crore last quarter and Rs.721.80 crore a year ago. The company’s net profit after tax for this quarter was Rs.103.20 crore. As of FY2024, it boasts a solid return on equity (ROE) of 33.5% over three years and is nearly debt-free, with a dividend payout of 131% and a net profit of Rs.603 crore.
The market’s medium- to long-term outlook may be positive, thanks to strong economic growth and an influx of retail investors. However, experts suggest that high valuations might limit gains. Plus, with most key triggers, like a potential Fed rate cut in September, already factored in, the market’s near-term upside could be capped. Thus, you should keep your research game on point when making any investment decisions about your stock portfolio in these markets.
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.
