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Recent oversubscribed IPOs like Northern Arc, Arkade Developers, and Western Carriers have captured attention with impressive subscription numbers. Northern Arc saw 111x subscriptions, Arkade followed closely at 107x, and Western Carriers achieved 31x.

With such a demand, many wonder whether they secured an allotment. If you are one among them, here’s a look at the process for tracking allotment status and what it could mean for your investment.

Northern Arc Capital Ltd IPO

The Initial Public Offering (IPO) of Northern Arc Capital Ltd. drew quite an investor interest. The issue was oversubscribed by a staggering 110.9 times, with Qualified Institutional Buyers (QIBs) leading the demand. The  IPO received bids for 2,38,22,43,807 shares against 2,14,78,290 shares on offer.

Category-wise Subscription

Qualified institutional buyers	240.79 times
Non-institutional investors	142.41 times
Retail investors	31.08 times
Employees	7.33 times

IPO Performance:

The company had set a price band of ₹249-263 per share for the IPO. Northern Arc Capital’s IPO received strong investor interest throughout the subscription period. On the first day, Monday, it was subscribed 3.08 times. This momentum continued, with subscription levels rising to 10.61 times on Tuesday and 21.51 times on Wednesday. By Thursday, the issue was oversubscribed 110.9 times.

IPO Details:

The company aims to raise up to ₹776 crore from the offering, comprising a fresh issue of equity shares worth ₹500 crore and an offer for sale of ₹275 crore. The allotment for the IPO will be finalized on September 20, and the company is scheduled to list on the BSE and NSE on September 24.

Investors who participated in the IPO can check their allotment status on the BSE and the official registrar of the IPO, KFin Technologies’ websites.

Grey Market Premium:

As of September 20, 2024, the grey market premium (GMP) for Northern Arc Capital stands at ₹128. This indicates that investors are willing to pay ₹128 more than the IPO price to acquire shares in the secondary market. Based on the GMP, the estimated listing price for Northern Arc Capital is ₹391 per share. This suggests a potential gain of 48.67% over the IPO price band of ₹249-263 per share. Remember, the GMP is not an official price quote and is based on speculation in the grey market. The actual listing price may vary.

How to Check Your Northern Arc Capital IPO Allotment on KFin Technologies

To check your allotment status for the Northern Arc Capital IPO on KFin Technologies, follow these steps:

1. Visit the KFin Technologies website.
2. Select the IPO Allotment Status link.
3. Choose “Northern Arc Capital Limited” from the dropdown list of IPOs.
4. Select your verification method: Choose either your Application Number, Demat Account number, or PAN.
5. Enter the required information: Input your chosen verification detail.
6. Complete the CAPTCHA: Verify that you’re not a robot.
7. Submit: Click the “Submit” button to view your allotment status.

Arkade Developers IPO

The Initial Public Offering (IPO) of Arkade Developers Ltd. has been a resounding success, drawing interest from investors. The issue was oversubscribed 106.83 times, with both institutional and non-institutional buyers eagerly participating. The IPO received bids for 2,54,00,26,280 shares against 2,37,75,719 shares on offer.

Category-wise Subscription

Qualified institutional buyers	163.16 times
Non-institutional investors	163 times
Retail investors	51.39 times
Employees	50.49 times

IPO Performance:

Arkade Developers’ IPO received strong investor interest throughout the subscription period. On the first day, Monday, it was subscribed 6.31 times. This momentum continued, with subscription levels rising to 17.41 times on Tuesday and 31.73 times on Wednesday. By Thursday, the issue was oversubscribed 106.83 times.

IPO Details:

The company aims to raise ₹410 crore through a fresh issue of 3.2 crore equity shares. The allotment for the IPO will be finalized on September 20, and the company is scheduled to list on the BSE and NSE on September 24.

Investors who applied for the IPO can check their allotment status on the websites of the Bombay Stock Exchange (BSE) and Big Share Services Ltd.

Grey Market Premium:

The grey market premium (GMP) for Arkade Developers stood at ₹60 on September 20, 2024. Based on the GMP, the estimated listing price for Arkade Developers shares was ₹188 per share. This suggests a potential gain of 46.88% compared to the IPO price band of ₹121-128 per share. It’s important to note that the GMP is not an official price quote and is based on speculation among investors. The actual listing price may vary.

How to Check Your Arkade Developers IPO Allotment on Bigshare Services

To view your allotment status for the Arkade Developers IPO on Bigshare Services, follow these steps:

1. Visit the Bigshare Services website.
2. Select a server link to access the IPO allotment status page.
3. Choose “Arkade Developers Limited” from the dropdown list of IPOs.
4. Select your verification method: Choose either your Application Number/CAF No., Beneficiary ID, or PAN.
5. Enter the required information: Input the corresponding details.
6. Complete the CAPTCHA: Verify that you’re not a robot.
7. Submit: Click the “Search” button to check your allotment status.

Western Carriers IPO

The Initial Public Offering (IPO) of Western Carriers Ltd. has garnered significant attention from investors. The issue was oversubscribed 30.57 times, with strong demand from Non-Institutional Buyers (NIBs). The IPO received bids for 1,22,28,96,828 shares against 4,00,00,000 shares on offer.

Category-wise Subscription

Institutional Investors	27.99 times
Non-institutional investors	44.71 times
Retail investors	25.95 times

IPO Performance:

The Initial Public Offering (IPO) of Western Carriers Ltd. received a strong response from investors. The four-day subscription period witnessed increasing interest, with the issue being subscribed 14.58 times on Wednesday. This momentum built on earlier days, with subscription levels reaching 9.87 times on Tuesday, 5.13 times on Monday, and 0.85 times on the first day.

IPO Details:

Western Carriers aims to raise up to ₹492.9 crore through the IPO. This includes a fresh issue of equity shares worth ₹400 crore and an offer for sale of ₹92.9 crore. The allotment for the Western Carriers IPO will be finalized on September 20. The company is scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 24.

Investors who participated in the IPO can check their allotment status on the BSE and the official registrar of the IPO – Link Intime India Ltd.

Grey Market Premium:

As of 6:04 a.m. on September 20, Western Carriers Limited’s grey market premium (GMP) stood at ₹20, indicating a potential 11.63% gain over the IPO price, according to Investorgain by Chittorgarh. This suggests an estimated listing price of ₹192 per share.

It’s important to note that the GMP is speculative and not an official stock price. The IPO price band has been set between ₹163 and ₹172 per share, with the issue closing on September 19. At the upper end of this range, the company’s valuation reaches ₹1,754 crore, with the listing anticipated on September 23.

How to Check Your Western Carriers IPO Allotment on Link Intime India

To view your allotment status for the Western Carriers IPO on Link Intime India, follow these steps:

1. Visit the Link Intime India website.
2. Select “Western Carriers Limited” from the list of IPOs.
3. Choose your verification method: Select either your Application Number, DP/Client ID, Account Number, or PAN.
4. Enter the required information: Input the corresponding details.
5. Submit: Click the “Submit” button to check your allotment status.

Alternatively, you can also check the allotment status on Bombay Stock Exchange (BSE)

How to Check Any IPO Allotment on BSE

To view your allotment status for an IPO on the BSE website, follow these steps:

1. Visit the BSE IPO allotment page.
2. Select “Equity” as the issue type.
3. Choose the IPO name from the dropdown menu.
4. Enter your Application number or PAN.
5. Complete the CAPTCHA.
6. Click “Search”.
7. View and download/print your allotment status.

Conclusion:

The recent IPOs of Northern Arc, Arkade, and Western Carriers have generated significant investor interest. Investors can check their allotment status on the respective company websites. While the strong subscription levels and positive market sentiment suggest potential gains, it’s important to remember that past performance doesn’t guarantee future results.

Know more about
IPO | Current IPO | Upcoming IPO | Listed IPO

*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 recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

US Fed rate cut information was finally out and it announced a 50-basis-points cut in the interest rate after over four years. The declaration boosted the markets worldwide and led to a surge in the Indian stock market as well. The NIFTY ended the day at 25,611.95 and the SENSEX closed green at 83,773.61. Amidst this surge, a few other stocks made it to the list of top performers and movers 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 18th September 2024:

Sno	Symbol	CMP	Performance
1	KPRMILL	942.00	9.65 %
2	ASAHIINDIA	719.30	6.78 %
3	RAINBOW	1368.40	5.91 %
4	CENTURYTEX	2834.00	4.36 %
5	UBL	2130.00	3.94 %
6	CAMPUS	350.30	3.72 %
7	CONCORDBIO	2259.10	3.55 %
8	AUBANK	749.90	3.54 %
9	AJANTPHARM	3225.35	3.34 %
10	POLICYBZR	1864.00	3.23 %

(source: NSE on 19th 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:

KPR Mill Ltd.:

KPR Mill is a leading company involved in yarn, fabrics, garments, ethanol, and sugar production. They make a wide range of textiles, including ready-made apparel and different yarns like compact and polyester. In FY2024, KPR’s revenue was Rs. 6126.94 crore, with a PAT of Rs. 805.35 crore, and a net worth of Rs. 4358.23 crore. The company exports to over 60 countries and is valued at 2.3 billion USD, landing it on Forbes India’s ‘Top 100 Richest’ list. By 19th September 2024, its stock had a PE ratio of 36.44, slightly higher than the sector’s 34.08, and showed a 3-year CAGR revenue growth of 19.7%. (Source: Annual Report)

Asahi India Glass Ltd.:

Asahi India Glass Ltd. (AIS) is India’s top value-added glass solutions company, leading in both automotive and architectural glass segments. Founded in 1984 as a joint venture between the Labroo Family, Japan’s Asahi Glass Co., and Maruti Suzuki India Ltd., AIS offers end-to-end glass solutions, from float glass manufacturing to installation. It operates 12 advanced plants across 8 locations and 10 sub-assembly units. AIS leads the Indian passenger car segment with a 75% market share. In FY2024, AIS reported Rs.4,365.86 crore in total revenue (an 8% increase from FY2023), Rs.327.89 crore in profit after tax, and a proposed 200% dividend per share. It also became the first in India’s float glass industry to use “Green Hydrogen” at its F3 plant. (Source: Annual Report)

Rainbow Children’s Medicare Limited:

Rainbow Children’s Medicare Limited, founded in 1998, has grown into India’s leading pediatric multi-specialty hospital chain. It offers services like newborn and pediatric intensive care, pediatric quaternary care, obstetrics, and gynecology. With 19 hospitals across six cities and a total of 1,935 beds, it stands as the largest pediatric hospital chain in the country. Notably, its Hyderabad and Bengaluru hospitals, along with BirthRight Fertility, Kondapur, were the first in India to receive JCI accreditation. By FY2024, revenue rose to Rs.1,296.9 crore, with PAT at Rs.218.3 crore. However, the ROCE dropped to 21% from 24.61%, due to capital expansion from new hospitals. Rainbow also introduced IVF services at 11 hospitals and opened three new spoke hospitals in Hyderabad, Bengaluru, and Chennai. (Source: Annual Report)

Century Textiles and Industries Limited:

Century Textiles and Industries Ltd has come a long way since 1987, evolving from a single-unit textile company to a leader across industries. While it excels in cotton textiles, it’s also making strides in Pulp and Paper and Real Estate. In the June 2024 quarter, net sales reached Rs.1,149.24 crore, up 2.86% from the previous year. Net profit jumped 232.31%, hitting Rs.7.78 crore compared to Rs.5.88 crore in June 2023. Additionally, in September 2024, the company issued a Rs.400 crore corporate guarantee to Hindalco Industries, supporting Ekamaya Properties’ land acquisition in Kalwa, Thane. (Source: Annual Report)

United Breweries Limited:

United Breweries Limited (UBL) began in 1915 when five breweries in South India merged. It produces and sells both beer and non-alcoholic beverages, with well-known brands like Kingfisher and Heineken. Popular choices in its portfolio include Kingfisher Premium, Kingfisher Ultra, Kingfisher Strong, and UB Export Lager. In FY2024, UBL saw an 8.4% rise in net sales, with a gross turnover of Rs.18,372.2 crore, up by 10.3%. The company’s PAT (Profit After Tax) was Rs.409.4 crore, reflecting an 8.3% increase, with a net profit ratio of 2.2%. (Source: Annual Report)

Top 10 volume gainers from NIFTY 500

Based on the trade volume of 18th September 2024 vs the past one week’s average:

Sno	Symbol	Volume	Volume Change %
1	SUNTECK	7253417	3071.48 %
2	RAINBOW	2948077	2825.01 %
3	KPRMILL	3501562	1612.16 %
4	INDUSTOWER	83881220	1290.69 %
5	IDEA	2500692348	718.21 %
6	SUVENPHAR	2635567	690.46 %
7	UBL	1263253	578.29 %
8	CHAMBLFERT	9665723	456.46 %
9	GILLETTE	150092	456.19 %
10	ISEC	1620604	446.3 %

(source: NSE on 19th 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:

Sunteck Reality Ltd.:

Sunteck Realty Limited, based in Mumbai, develops premium residential and commercial properties across the Mumbai Metropolitan Region (MMR). It’s one of the largest developers in the Western Suburbs, with a 50 million sq ft launch pipeline, and has expanded to the Eastern Suburbs with 12.1 million sq ft in development. So far, it has delivered 17 projects worth Rs 9,000 crore (US$1.2 billion). As of June 2024, pre-sales grew 30% YoY to Rs 502 crore, and collections increased by 19% YoY to Rs 342 crore. Sunteck added a project in Dubai’s Burj Khalifa Community, Downtown, with a gross development value of Rs.9,000 crore. It also partnered with IFC (World Bank Group) and has a net worth of Rs.3,147 crore. (Source: Annual Report)

Indus Towers Limited:

Indus Towers Limited was formed through the merger of Bharti Infratel and Indus Towers. It sets up, operates, and maintains wireless communication towers, offering infrastructure-sharing services. As one of India’s largest telecom tower companies, it serves wireless telecom providers under long-term contracts. As of June 2024, it operates over 225,910 towers with 374,928 co-locations across all 22 telecom circles. Major clients include Bharti Airtel, Vodafone Idea, and Reliance Jio. For FY2024, Indus Towers reported revenue of Rs.28,600.6 crore, a 0.77% year-on-year increase, with a net profit of Rs.6,036.2 crore, up 196%. Its debt-to-equity ratio stands at 0.16, and it added over 30,500 towers last year. (Source: Annual Report)

Vodafone Idea Limited:

Vodafone Idea is a top telecom provider in India, offering services like mobility, long-distance, broadband, and voice. It also provides enterprise solutions and value-added services like entertainment and SMS. By March 2024, Vodafone Idea held a 20.7% subscriber market share, as per TRAI. In June 2024, the company renewed its 900 MHz spectrum in UP West and West Bengal, while adding more spectrum in seven circles. It also acquired 1800 MHz spectrum in Madhya Pradesh and 2500 MHz in Bihar. For FY2024, despite a loss of Rs.31,238.4 crore, revenue grew to Rs.42,651.7 crore, up from Rs.42,177.2 crore in FY2023. (Source: Annual Report)

Suven Pharmaceuticals Ltd.:

Suven Pharmaceuticals Ltd, based in Hyderabad, is a CDMO company serving top global pharmaceutical and fine chemical firms. It handles everything from process R&D to late-stage clinical and commercial manufacturing, ensuring products meet customer expectations. SPL specializes in NCE molecule development and supplies intermediates for four key areas: rheumatoid arthritis, diabetes, depression, and women’s health. The company has a robust order book and is adding new clients, mainly Big Pharma from Europe and the US. For Q1 June 2024, SPL reported revenue of Rs.230.7 crore, down 33.6% YoY, with a PAT of Rs.64.9 crore and a PAT margin of 28.1%. Recently, it became the first Indian company to receive the PSCI supplier partner status. (Source: Annual Report)

Chambal Fertilisers & Chemicals Ltd.:

Chambal Fertilisers & Chemicals Ltd makes Urea and other fertilizers from its own plants. It also markets Di-Ammonium Phosphate (DAP), Muriate of Potash (MOP), NPK fertilizers, Speciality Plant Nutrients, and Crop Protection Chemicals. Plus, it has a Joint Venture in Morocco for Phosphoric Acid. Previously, the company was in the software business but sold its assets and stopped that part of the business in FY21. For FY2024, Chambal’s revenue was Rs.17,966.41 crore with a net profit of Rs.1,331.44 crore and retained earnings of Rs.6,153.72 crore. In the June 2024 quarter, net sales were Rs.4,933.23 crore, down 11.74% from last year, but net profit rose 32.4% to Rs.448.36 crore. (Source: Annual Report)

The overall Indian markets dropped to some extent, with Nifty Midcap and Smallcap indices losing their morning gains and falling into the red. However, the US rate cuts are a mixed bag—they weaken the dollar, which can be good for the Indian currency and markets. With these mixed signals, it is suggested that you tread carefully with your investment choices and decide only after carefully considering every little factor. 

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.

Remember when the US Federal Reserve seemed to have an iron grip on global markets? Well, those days might be over. The Fed just made a significant move that could shake things up worldwide.

In a surprise twist, the Fed cut interest rates by 50 basis points. This is the first time they’ve done this in four years! They just hit the pause button on their rate hike spree.

But why did they do it? And what does this mean for you and me? Let’s dive in.

The Federal Reserve’s Decision

The US Fed’s decision to cut interest rates marks a significant shift in monetary policy. It aims to support a weakening job market and achieve a soft landing while inflation remains relatively low.

• Rate Reduction: The Fed slashed the benchmark interest rate by 50 basis points (bps) to 4.75%-5.00%, marking a significant shift in monetary policy.
• Four-Year Break: This was the first rate cut in four years, signaling a potential easing of monetary tightening measures.
• Inflation Targeting: The Fed maintained the key borrowing rate at a 23-year high for 14 consecutive months to combat high inflation. However, with inflation falling to a three-year low, the focus shifted towards supporting a weakening job market.

Reasons for the Rate Cut:

• Easing Inflation: The Fed’s decision was primarily driven by a significant decline in inflation, which fell to a three-year low of 2.5% in August.
• Softening Job Market: The US Fed also seeks to support a weakening job market and achieve a soft landing, avoiding a sharp recession.

Impact on Borrowing Costs:

• Lower Interest Rates: The rate cut will lower the rates at which commercial banks lend to consumers and businesses.
• Affordability: This will make borrowing more affordable, stimulating spending and investment across various sectors.

Future Rate Projections:

The Fed indicated plans for additional rate cuts, projecting a total reduction of 1.5 percentage points by the end of 2026. The benchmark interest rate’s final target range is 2.75% and 3.00%.

Global Market Reactions to the Fed’s Rate Cut

• NSE: The benchmark index Nifty50 opened at 25,487.05 and, within the early hours, touched a high of 25,611 points 
• Gift Nifty: The Gift Nifty index on the National Stock Exchange (NSE) surged by nearly 135 points immediately following the Fed’s rate cut announcement. However, the gains were short-lived, and the index retreated to near pre-rate-cut levels by the end of the trading session.

• S&P 500: The S&P 500 initially rose by 1% but declined by 0.3%.
• Nasdaq 100: The Nasdaq 100 index also experienced a short-lived rally, followed by a 0.5% decline.
• Japan: The Nikkei index in Japan surged over 2.5%.
• Hong Kong and Taiwan: Hong Kong and Taiwan markets remained relatively flat.
• South Korea and China: South Korea and China markets experienced slight declines of 0.6-0.8%. (Source: Moneycontrol)

Broad-Based Sell-Off:

• Across Asset Classes: The rate cut led to a widespread sell-off across various asset classes, including stocks, Treasuries, corporate bonds, and commodities.
• Unprecedented Pullback: Bloomberg reported that a broad-based sell-off following a Fed policy decision had not been seen since June 2021.

Impact on Indian IT Stocks:

• Initial Gains: US-listed ADRs of Infosys and Wipro initially rose, reflecting positive sentiment towards the rate cut.
• Short-Lived Rally: The gains were short-lived, and both stocks returned to pre-rate-cut levels.

Gold Price Surge:

• Record High: Gold prices reached an all-time high following the Fed’s rate cut, driven by a weaker US dollar.
• Spot Gold: Spot gold prices surged to $2,592.39 per ounce, representing a 0.9% increase.
• US Gold Futures: US gold futures also rose, settling 0.2% higher at $2,598.60.

The Ripple Effects of the US Fed Rate Cut on India

Foreign Capital Inflows:

One of the most immediate likely effects of the rate cut is the potential increase in foreign investment in India. Investors favor US Treasury securities for higher returns when US interest rates are high.

However, with a rate cut, yields on these securities will decrease, prompting investors to seek better returns elsewhere, including in Indian equities and debt markets. This shift could lead to a substantial inflow of foreign capital into India, driving demand for Indian stocks and bonds, which may increase prices.

Rupee Appreciation and Its Implications:

The influx of foreign capital will also likely affect the Indian Rupee (INR). As foreign investors convert their currencies into INR for investment purposes, demand for the rupee will rise, potentially leading to its appreciation against the US dollar. A stronger rupee can have mixed effects. At the same time, it may lower the cost of imports (especially crucial commodities like oil). It could also negatively impact Indian exporters by making their goods more expensive for foreign buyers.

Lower Borrowing Costs and Market Trends:

Lower interest rates globally typically lead to a rally in bond markets. This could mean existing bonds become more attractive in India as their yields appear favorable compared to new issues. Consequently, this dynamic may lower the government’s and corporations’ borrowing costs, encouraging more capital investments and stimulating economic growth.

Impact on Sectors:

Certain sectors are poised to benefit directly from the Fed’s rate cut. For instance, the information technology (IT) sector may see increased demand as US corporations expand their IT budgets due to reduced borrowing costs. Other sectors, such as consumer goods and infrastructure, could also experience growth as cheaper financing becomes available.

RBI’s Stance on Interest Rates

The Reserve Bank of India (RBI) will need to consider its policy response to the Fed’s actions carefully. Historically, Indian monetary policy has been influenced by US rates. However, RBI governor Shaktikanta Das has already signaled that India is not compelled to follow suit and reduce its rates. The governor emphasized that maintaining financial stability remains a top priority for the central bank.

Conclusion

Overall, the Fed’s rate cut has the potential to significantly impact India’s economy through increased foreign investment, currency dynamics, lower borrowing costs, and sectoral growth. However, the ultimate effects will depend on various factors, including the RBI’s policy response and the broader global economic environment.

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.

Indian benchmarks hit new record highs but slipped on 18th September, closing lower as investors waited for the US Federal Reserve’s interest rate decision. The Fed is expected to cut rates, but it’s unclear if it will be by 25 or 50 basis points. On Wednesday, this uncertainty led to a temporary drop in the indices, with the SENSEX closing at 82,948.23 and the NIFTY at 25,377.50. Despite the lingering unpredictability, a few stocks stayed positive and made it to the top performers’ list 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 18th September 2024:

Sno	Symbol	CMP	Performance
1	BSE	3844.00	15.31 %
2	GRAPHITE	586.25	9.29 %
3	TORNTPOWER	1931.00	8.48 %
4	HEG	2282.25	8.24 %
5	ALKYLAMINE	2373.00	7.01 %
6	PCBL	534.00	6.67 %
7	BIKAJI	922.00	6.43 %
8	DEEPAKFERT	1018.00	6.23 %
9	MOTHERSON	203.90	4.56 %
10	FINEORG	5435.95	4.53 %

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:

BSE Ltd.:

The Bombay Stock Exchange (BSE) is India’s first stock exchange on Dalal Street, Mumbai. Founded in 1875, it was also Asia’s first and became officially recognized in 1956. BSE is known for its lightning-fast trading speed of 6 microseconds. In 1986, it introduced the S&P BSE SENSEX to track market performance. BSE made history again in 2017 by becoming India’s first listed stock exchange. In FY 2023-24, its total income rose by 70% to Rs.1617.90 crore, and net profit jumped 97% to Rs.404.14 crore. As of 18th September 2024, the BSE SENSEX grew 40.55% in three years, compared to NIFTY50’s 44.31% growth. [Source: Annual Report]

Graphite India Ltd.:

Graphite India Limited (GIL) is India’s pioneer in manufacturing graphite electrodes and carbon and graphite specialty products. It operates six plants in India and owns a subsidiary, Graphite COVA GmbH, in Nuremberg, Germany. In FY2024, GIL acquired a 31% stake in Godi India to enter advanced battery technology. Through its subsidiary, it now holds over 60% of General Graphene Corporation. GIL’s product range includes impervious graphite equipment, high-speed steel, and calcined petroleum coke. As of FY2024, it has completed over 200 projects with an electrode capacity of 98,000 tons per year. In Q1 FY2024, GIL reported net sales of Rs.728 crores, down 2.5% year-on-year, but a net profit of Rs.236 crores, compared to a loss of Rs.30 crores in the previous year, with a profit margin of 32.4%. [Source: Annual Report]

Torrent Power Limited:

Torrent Power Ltd is one of India’s top power utility companies and is part of the Torrent Group. It operates in power generation, transmission, and distribution, with a strong presence in Gujarat, Maharashtra, Uttar Pradesh, and Karnataka. The company is known for its expertise in large power projects and is a key player in Gujarat’s private sector. Torrent Power also manufactures and supplies power cables. In FY2024, it had a generation capacity of 4328 MW. For the June 2024 quarter, net sales were Rs.9,033.73 crore, up 23.28% from last year. Net profit surged to Rs.972.24 crore, an 87.96% rise from Rs.517.27 crore in June 2023. [Source: Annual Report]

HEG Limited:

HEG Ltd is one of India’s top graphite electrode manufacturers and exporters. It operates the world’s largest integrated graphite electrode plant, producing 80,000 tons annually. Part of the LNJ Bhilwara Group, it also ventures into IT services, power, and textiles. HEG produces various graphite electrode grades like UHP, SHP, and HP. It exports 65-70% of its production to 35 countries and has been doing so for over 20 years. In June 2024, HEG reported revenue of Rs.571.46 crore, down from Rs.671.43 crore in June 2023. Net profit dropped to Rs.23.04 crore from Rs.139.08 crore. Despite this, the stock price increased by 32.88% over the past twelve months (as of 18th September 2024). [Source: Annual Report]

Alkyl Amines Chemicals Limited:

Alkyl Amines, founded by Mr. Yogesh Kothari in 1979, is a top manufacturer of aliphatic amines in India. With over 100 products, it’s a global leader in items like acetonitrile, DEHA, DMA-HCLA, and Triethylamine, serving industries like pharmaceuticals, agrochemicals, and water treatment in 50+ countries. In FY 2023-24, Alkyl Amines commissioned a new plant at its Kurkumbh site, Maharashtra, to boost Ethyl Amines production, and a 4.6 MW solar plant at Talegadh, Gujarat, went live in January 2024. The company reported FY2024 revenue of Rs.1600.57 crore (down 14.19%) and a PAT of Rs.148.87 crore (down 34.89%). The company stock returns, however, grew 18.74% over the last three months as of 18th September 2024.[Source: Annual Report]

Top 10 volume gainers from NIFTY 500

Based on the trade volume of 18th September 2024 vs the past one week’s average:

Sno	Symbol	Volume	Volume Change %
1	ALKYLAMINE	2201239	2717.58 %
2	HEG	3215473	2083.67 %
3	GRAPHITE	18143587	1994.27 %
4	FINEORG	237593	1400.42 %
5	BALAMINES	485980	854.48 %
6	QUESS	2339142	643.47 %
7	BSE	15631604	521.35 %
8	TORNTPOWER	6172240	491.84 %
9	KPRMILL	674882	402.54 %
10	MRPL	6169254	358.65 %

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:

Fine Organic Industries Ltd.:

Fine Organics, founded in 1970 by Mr. Ramesh Shah and Mr. Prakash Kamat, is India’s largest oleochemical-based additives manufacturer. It ranks among the top six global players in polymer additives and specialty food emulsifiers. The company produces and exports a range of additives used in industries like food, plastics, cosmetics, and coatings. As of FY2024, Fine Organics exports to over 80 countries with a portfolio of 510+ products. In the June 2024 quarter, domestic revenue made up 45% of the total, while exports accounted for 55%. Additionally, as of the June 2024 quarter, the company’s revenue was Rs.550 crore, with a PAT of Rs.113 crore and a PAT margin of 20.6%. [Source: Annual Report]

Balaji Amines Limited:

Balaji Amines Ltd specializes in making Methylamines, Ethylamines, derivatives of specialty chemicals, and pharma excipients. It’s one of the largest aliphatic amine manufacturers in India. The company’s 40+ products are used in various industries like pharmaceuticals, agro, rubber chemicals, and water treatment. It has three main categories: Amines, Amine derivatives, and Specialty & Other chemicals. In FY2024, Balaji set up a 100,000 TPA DME facility, becoming the first in India to do so. Its production capacity stands at 2,31,000 MTPA. For FY2024, the company reported revenue of Rs.1,671.15 crore and a PAT of Rs.232.30 crore, with a PAT margin of 12.8%. Its net worth is Rs.1,534.39 crore, and its ROCE is 14.6%, with a debt-to-equity ratio reduced to 0.01. [Source: Annual Report]

Quess Corporation Limited:

Quess Corp Limited is India’s leading business services provider, using its expertise and digital platforms to improve client productivity through outsourcing. With over 3,000 partners, it is one of India’s largest private employers and ranks among the top five global staffing companies by headcount in India. Quess offers technology-enabled staffing and outsourcing for sales, customer care, and IT services. As of August 2024, it had 600,000 employees across India, North America, APAC, and the Middle East. Over the last ten years, Quess has achieved a 57% CAGR in revenue and 79% in EBITDA. In FY2024, it posted a revenue of Rs.19,100.1 crore and a net profit of Rs.280.40 crore.[Source: Annual Report]

KPR Mill Ltd.:

KPR Mill is a major player, listed publicly and active in yarn, fabrics, garments, ethanol, and white crystal sugar. They produce a range of textile products, from readymade knitted apparel to various yarn types like compact, mélange, carded, and polyester. For FY2024, KPR’s revenue hit Rs.6126.94 crore, PAT was Rs.805.35 crore, and net worth reached Rs.4358.23 crore. The company exports to over 60 countries and has earned a spot in ‘India’s Top 100 Richest’ list, valued at 2.3 billion USD, according to Forbes India. As of 18th September 2024, its stock had a PE ratio of 36.51 compared to the sector’s 34.08 and showed a 3-year CAGR revenue growth of 19.7%.[Source: Annual Report]

Mangalore Refinery And Petrochemicals Ltd.:

Mangalore Refinery & Petrochemicals Limited (MRPL) started as a joint venture between the AV Birla Group and Hindustan Petroleum Corporation Limited (HPCL) and is now a subsidiary of the Oil & Natural Gas Corporation (ONGC). MRPL refines crude oil, deals in petrochemicals, trades aviation fuels, and runs retail outlets and transport terminals. It entered the retail fuel market with the HiQ brand and now has 101 outlets in Karnataka and Kerala.

In FY24, retail sales volume hit 2.6 MMT with a value of Rs.15,400 crore, up from 1.9 MMT and Rs.11,000 crore in FY22. The company’s turnover for FY24 was Rs.1,05,190 Cr, down from Rs.1,24,686 crore in FY23, while its profit rose to Rs.3,596 crore from Rs.2,638 crore. The debt-equity ratio improved from 1.70 to 0.94. MRPL signed a long-term contract with BPCL for RLNG supply, and its joint venture, SMAFL, is expanding its aviation fuel business at South Indian airports. 

The Fed’s explanation and future policy comments will likely impact Indian stocks, especially for IT and pharma sectors, and influence foreign inflows. Though the volatility level is likely to remain low, it is crucial that you invest with patience and thoroughly analyze the market before taking any investment decision. [Source: Annual Report]

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.

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.

In recent years, the smartphone market in India has witnessed a significant transformation. While Samsung and Apple have long been competitors globally, their positions in India’s market have shifted dramatically. Apple’s strong growth, especially in the premium smartphone segment, sharply contrasts with Samsung’s declining dominance in the market.

In the first half of FY24, Apple earned $4.56 billion in revenue, pulling ahead of Samsung. According to market tracker IDC data, Apple shipped 4.8 million iPhones. While Samsung shipped nearly double the units, at 9.8 million, its revenue was $3.43 billion due to a 15.4% year-on-year decline in shipments from April to June. This created a revenue gap of $1.13 billion in favor of Apple.

In 2023, the revenue gap between Apple and Samsung was over $362 million, with Apple overtaking Samsung’s mobile phone value share for the first time. Apple’s revenue exceeded $8.69 billion, surpassing Samsung’s $8.33 billion, as Apple sold 9.2 million units that year. This marked a significant shift in leadership between the two tech giants in India’s premium smartphone market.

This article examines the reasons for this divergence and what it means for the two giants in the Indian market.

Apple’s Strategy for Success in India

Apple’s success in India has been built on a combination of factors that have allowed it to flourish, while Samsung has struggled to maintain its market position. Key reasons include:

• Premium Product Offerings: Apple focuses on high-end smartphones like the iPhone 14, which appeal to affluent customers in India’s growing middle class.
• Brand Appeal: Apple’s strong brand image and status symbol resonate with Indian consumers, who view owning an iPhone as a sign of success.
• Ecosystem Integration: Apple’s ecosystem of devices and services, such as iCloud, Apple Music, and Apple Watch, makes it difficult for consumers to switch to other brands once they’re invested.
• Localized Initiatives: With the “Make in India” initiative, Apple has increased its local manufacturing, helping reduce costs and import duties, making their phones more affordable for Indian buyers.

Samsung’s Struggles in a Changing Market

Samsung has faced challenges in India, particularly as the premium segment becomes increasingly competitive. Some factors behind Samsung’s decline in this space include:

• Focus on Mid-Tier Products: While Samsung offers a wide range of phones, its focus on mid-tier devices hasn’t been enough to maintain dominance in the premium sector.
• Aggressive Competition from Chinese Brands: Brands like Xiaomi, Oppo, and Vivo have flooded the mid-tier market, limiting Samsung’s ability to stand out, especially with lower-cost alternatives.
• Lack of Ecosystem Appeal: Unlike Apple, Samsung’s product ecosystem has not been as tightly integrated, reducing brand loyalty.

The Rise of Premium Smartphones in India

The Indian smartphone market is seeing a shift towards premium smartphones. With more disposable income and changing consumer aspirations, buyers are moving toward high-end phones. Apple has capitalized on this trend, with the iPhone 14 series enjoying robust demand.

• Growing Middle Class: India’s expanding middle class has more purchasing power, and premium brands like Apple are benefiting.
• Desire for Technological Advancements: High-end features like 5G, advanced cameras, and better user experience are driving demand for premium phones, where Apple is leading the charge.

Impact of Local Manufacturing on Apple’s Growth

Apple’s decision to ramp up local manufacturing has played a crucial role in reducing prices and increasing affordability. By manufacturing models like the iPhone SE and the latest iPhones locally, Apple avoids heavy import duties, bringing its prices closer to Samsung’s in certain segments.

• Reduced Costs: Local manufacturing cuts down on taxes and tariffs, making Apple products more competitive in terms of pricing.
• Supply Chain Resilience: Having production facilities within India has allowed Apple to manage supply chain disruptions better, ensuring a steady supply of products.

Apple’s Retail Strategy: A Game Changer

In April 2023, Apple opened its first retail store in India, a significant milestone in its India strategy. This move has strengthened Apple’s direct relationship with consumers, providing them with a personalized retail experience and access to premium products.

• Exclusive Retail Experience: Apple’s premium retail stores help offer a unique experience, which elevates its brand status among Indian consumers.
• Customer Loyalty Programs: Apple stores in India offer services like trade-ins, extended warranties, and installment plans, making it easier for customers to upgrade to newer models.

Samsung’s Mid-Market Focus

Samsung has continued to target the mass market with budget and mid-tier phones. While this strategy has helped it remain competitive in terms of volume, it has done little to boost its premium sales, where Apple has thrived.

• Volume vs. Value: Samsung’s strategy of catering to budget-conscious consumers has kept its overall market share stable, but this has come at the expense of losing out on premium customers.
• Saturation in Mid-Tier Market: The mid-tier segment is crowded, and with Chinese brands offering similar specs at lower prices, Samsung’s growth in this space has stagnated.

The Global Scenario

Industry experts suggest that the smartphone market has emerged stronger and transformed after the challenges of the last two years. Consumers are now opting for more expensive devices, leading to higher value and average selling prices, as they plan to keep their phones longer. Additionally, there is a reshuffling among the top five companies, with Xiaomi rebounding from significant losses and Transsion rising with rapid growth in international markets. 

Top 5 Companies, Worldwide Smartphone Shipments

(In Millions of Units), Market Share and Y-o-Y Growth in Q1 2024)

Company	1Q24 Shipments	1Q24 Market Share	1Q23 Shipments	1Q23 Market Share	Y-o-Y Change
Samsung	60.1	20.8%	60.5	22.5%	-0.7%
Apple	50.1	17.3%	55.4	20.7%	-9.6%
Xiaomi	40.8	14.1%	30.5	11.4%	33.8%
Transsion	28.5	9.9%	15.4%	5.7%	84.9%
Oppo	25.2	8.7%	27.6	10.3%	-8.5%
Others	84.7	29.3%	79.0	29.4%	7.2%
Total	289.4	100.0%	268.5	100.0%	7.8%

What Lies Ahead for Samsung and Apple?

As Apple thrives in India’s premium smartphone market, Samsung faces the challenge of rethinking its strategy. With Apple earning $4.56 billion in the first half of FY24, its lead over Samsung is widening. To keep up, Samsung must either boost its position in the high-end segment or risk losing more ground to Apple’s growing dominance in India.

The future may see continued competition between these two giants, but for now, Apple’s ability to cater to India’s emerging premium market gives it a significant edge.

*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 recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

FAQs

Investors were surprised as the Bombay Stock Exchange (BSE) Ltd. shares surged by over 19% on Monday, September 16th. The stock hit a record high of ₹3,459, outperforming the broader market and becoming the top gainer in the Nifty 200 index.

This surge was fueled by heavy trading activity, as 33 lakh shares of Bombay Stock Exchange changed hands on BSE and NSE combined. This volume far exceeded the monthly average of eight lakh shares. The Multi Commodity Exchange (MCX) also experienced a significant boost, with shares rising by 5%. 

The NSE IPO: A Trigger for BSE’s Share Surge

The recent surge in Bombay Stock Exchange shares can be attributed, in part, to growing expectations for an imminent Initial Public Offering (IPO) by the National Stock Exchange (NSE). This development has significant implications for both exchanges and their investors.

Co-location Scam Resolution:

• SEBI’s Decision: The Securities and Exchange Board of India (SEBI) recently dismissed a case against NSE and its officials about the co-location scam.
• Pathway for IPO: This decision has cleared the way for NSE to proceed with its IPO plans.

NSE’s IPO Aspirations:

• Repeated Attempts: NSE has previously attempted to file for an IPO but faced challenges due to allegations against its former CEO, Chitra Ramakrishna.
• Renewed Efforts: The exchange’s current CEO, Ashishkumar Chauhan, has announced plans to reapply for a no-objection certificate (NOC) from SEBI to file the IPO documents.

Impact on BSE:

• Re-rating Trigger: An NSE IPO is a potential catalyst for re-rating BSE shares. Its valuation could benefit from increased market excitement as a competitor and beneficiary of a stronger NSE.
• Listing on Bombay Stock Exchange: Given that exchanges cannot list on their platforms, NSE would be required to list on the Bombay Stock Exchange, which could further boost BSE’s visibility and trading volume.

Overall, the anticipation of an NSE IPO has created a positive sentiment for the Bombay Stock Exchange, contributing to its recent surge in share price. While the timing and outcome of the IPO remain uncertain, it is a significant development to watch.

Bombay Stock Exchange – Company Overview:

The Bombay Stock Exchange is a prominent financial market in India, renowned for its wide range of trading platforms and robust infrastructure. Here’s a more detailed look:

• Largest Stock Exchange: The Bombay Stock Exchange is India’s largest stock exchange in terms of the number of listed companies, which signifies its dominance in the Indian capital market.
• Diverse Trading Platforms: BSE offers a comprehensive range of trading platforms, including equity, debt instruments, derivatives, and mutual funds. This diversity attracts a wide range of investors and provides ample investment opportunities.
• Strategic Partnerships: BSE has forged partnerships with global financial institutions, such as Deutsche Börse, to enhance its capabilities and expand its reach. These partnerships bring invaluable expertise and resources.
• Technological Advancements: BSE has consistently invested in technology to provide an efficient and transparent trading platform. This focus on innovation has helped the exchange maintain its competitive edge.
• Strong Track Record: Established in 1875, BSE has a long and successful history. Its track record of facilitating capital raising and promoting market growth has solidified its reputation as a reliable exchange.

Key Financial Metrics:

BSE’s financial performance in Q1 FY25 has been exceptionally strong, with significant growth in revenue, profitability, and investment income. The exchange’s strategic initiatives and robust operations have contributed to its success.

Revenue:

• BSE’s revenue from operations surged over 180% year-on-year, indicating strong growth and increased business activity.

Net Profit:

• The net profit increased by 264%, demonstrating significant improvements in profitability.
• A significant portion of the profit increase was driven by a gain of ₹406.62 crore from divesting a 5% stake in Central Depository Services (India)  in Q1 FY24.

EBITDA:

• EBITDA jumped from ₹70 crore to ₹284 crore, indicating improved operating efficiency and profitability.
• The EBITDA margin increased from 33% to 47%, suggesting that BSE generates higher profits than its operating costs.

Investment Income:

• Income from investments increased by 43% to ₹62.9 crore in Q1 FY25, demonstrating effective management of the company’s financial resources.

Conclusion

BSE’s performance highlights its ability to navigate changing market conditions, innovate, and implement strategic initiatives. By leveraging market opportunities, improving operational efficiency, and building strategic partnerships, BSE has solidified its position for continued growth in the Indian financial market. However, investors should always conduct thorough research before making investment 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 & certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

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.

Bajaj Housing Finance’s Rs 6,560 crore IPO (September 9-11, 2024) made a bumper debut on BSE and NSE on 16 September 2024, with a 114% premium (at Rs 150) to its issue price of Rs 66-70 per share. The subscription exceeded ₹3 lakh crore, reflecting strong investor interest and a solid foothold in the rapidly growing housing finance industry. 

Following its listing, Bajaj Housing Finance’s shares surged to ₹165, marking a 10% rise from their debut price. However, the performance has put pressure on its peers, with LIC Housing Finance, PNB Housing Finance, and Can Fin Homes experiencing declines of up to 6.3%. It has affected not just its peers but also the Bajaj Group, with Bajaj Finserv and Bajaj Finance share prices falling by 3% and 3.3%, respectively. 

Implications for the Allottees of Bajaj Housing Finance IPO

The impact of the biggest IPO debut in 2024 goes beyond these. It has left Dalal Street’s investors with a crucial question:

Should they cash in on their profits now or hold on to their shares for potential long-term benefits? 

Experts believe that post-listing, some investors may opt to realize their gains, while others may decide to maintain their positions, given the company’s well-positioned business model and the sector’s favorable outlook. [Source: Livemint]

Analysts believe the positive streak will continue for the mid to long term for those who have bagged the allotment. In independent market analyst Ambareesh Baliga’s words, “We have seen an IPO coming from Bajaj Group after a really long time. Bajaj Housing is a long-term bet and investors may hold it for some time as positive momentum may continue in the stock as long as the overall market sentiment remains buoyant.” [Source: Business Standard]

Implications for Shareholders

The Bajaj Housing Finance IPO has implications for the company’s shareholding structure, including potential dilution of existing shareholders’ stakes due to new investors entering the scene. The listing may also lead to a shift in ownership, potentially altering decision-making dynamics. 

Financially, this IPO increased liquidity for existing shareholders, allowing them to buy or sell shares easily. Bajaj Housing Finance may also consider distributing dividends to shareholders as a publicly traded company. In terms of valuation and share price, the company may experience short-term volatility due to market sentiment and speculation. However, existing shareholders can anticipate potential long-term growth as the company expands its operations and market reach.

Valuation Concerns Amidst Strong Fundamentals

Analysts say Bajaj Housing Finance’s IPO price reflected a fair value with a price-to-book (P/B) ratio of approximately 2.8 times. However, its strong parentage, prudent lending history, and 20-25% growth expectations have led to a premium listing, limiting investor returns.[Source: Economic Times]

Compared to peers, Bajaj Housing Finance has the highest valuation, with a 25% premium over the next closest company, Home First Finance. Institutional demand may temporarily boost the stock post-listing, but meaningful gains may require patience.

Analysts advise against chasing the stock at high prices on listing day. Instead, they recommend holding long-term, anticipating a doubling of assets under management (AUM) over 3-4 years.

Narendra Solanki of Anand Rathi and Krishna Appala of Capitalmind caution that investors should prioritize long-term gains over short-term profits.

Experts Weigh in the Opportunities & Key Considerations for Non-Allotees

Even if investors miss the IPO, they still have opportunities to invest in the shares. Since the shares are now listed on the stock exchanges, they can purchase them at the prevailing market price. While the initial gains may not be as substantial as those enjoyed by the allottees, there is still potential for long-term appreciation.

Veteran investor Chakri Lokapriya advises caution when considering Bajaj Housing Finance, citing the commoditized nature of the housing finance industry. “Considering the similarity in loan rates and service quality, I’d opt for other housing companies like PNB Housing or LIC Housing,” he said. In contrast, seasoned financial analyst Prashanth Tapse states, “Housing will continue to perform well over the next 3-4 years, and Bajaj Housing is poised to lead the sector.” 

Considering historical data, Fund Manager Sonam Srivastava recommends a patient approach to IPO investing since initial IPO surges are often hype-driven. As the market stabilizes, prices adjust to reflect a company’s fundamentals.

As the hype surrounding the listing settles, short-term price fluctuations reduce, and investors can reassess the company’s valuation. This allows for more informed decision-making, thorough due diligence on financials and business models, and avoidance of overvaluation.

The IPO listing of Bajaj Housing Finance may present opportunities and challenges for existing shareholders. To make well-informed investment decisions, investors should diligently monitor the company’s performance and stay abreast of market trends.

Know more about
IPO | Current IPO | Upcoming IPO | Listed IPO

*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 recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

FAQ

The stock market is buzzing with activity, especially as the upcoming week promises to be eventful with multiple Initial Public Offerings (IPOs), stock listings, and allotments. A total of 7 IPOs, 13 listings, and 7 allotment announcements are scheduled, making it an action-packed week for investors and market enthusiasts.

This rise in market activity comes after strong investor confidence, boosted by Bajaj Housing Finance’s huge public subscription of Rs 3.23 lakh crore last week.

Upcoming IPOs 2024: Mainboard issues this week

A. Northern Arc Capital IPO

Non-bank financial institution Northern Arc Capital will open for public subscription on September 16 and conclude on September 19. The price has been fixed in the range of Rs 249 to Rs 263 per share. The Rs 777-crore IPO of the Chennai-based company collected Rs 229 crore from anchor investors.

Offer Price	₹249 to ₹263 Per Share
Face Value	₹10 Per Share
Opening Date	September 16, 2024
Closing Date	September 19, 2024
Total Issue Size (In Shares)	29,543,727 shares
Total Issue Size (In Rs.)	₹777.00 Cr
Issue Type	Book Built Issue IPO
Lot Size	57 Shares
Listing at	BSE, NSE

Company Details

Northern Arc Capital is a non-banking financial company (NBFC) in India that provides retail loans to underserved households and businesses. It operates through a network of partners and uses technology to reach a wider range of customers.

SWOT Analysis of Northern Arc Capital IPO

Strengths	Weaknesses
Strong Market Position Technology-Driven Experienced Management Team	Regulatory Risks Competition Concentration Risk
Opportunities	Threats
Growing Market Product Diversification Technology Adoption	Economic Downturn Interest Rate Volatility Credit Risk

B. Arkade Developers IPO

The real estate company’s initial public offering (IPO) will open for public subscription on September 16 and close on September 19. Before the IPO, Arkade Developers secured Rs 122.40 crore from anchor investors. The price band for its Rs 410-crore IPO has been set at Rs 121-128 per share.

Offer Price	₹121 to ₹128 Per Share
Face Value	₹10 Per Share
Opening Date	September 16, 2024
Closing Date	September 19, 2024
Total Issue Size (In Shares)	32,031,250 shares
Total Issue Size (In Rs.)	₹410.00 Cr
Issue Type	Book Built Issue IPO
Lot Size	110 Shares
Listing at	BSE, NSE

Company Details: 

Arcade Developers, Inc. is a video game development studio specializing in creating arcade-style games. They focus on developing fast-paced, action-oriented games with simple controls and high replayability.

SWOT Analysis of Arcade Developers IPO

Strengths	Weaknesses
Expertise in Arcade Games Strong IP Portfolio Adaptability to Market Trends	Dependency on Technology High Development Costs Limited Diversification
Opportunities	Threats
Emerging Platform Mergers and Acquisitions Virtual Reality and Augmented Reality	Intellectual Property Theft Regulatory Changes Technological Disruptions

Upcoming IPOs 2024: SME issues this week

Paramount Speciality Forgings

The SME offering, valued at Rs 32.34 crore, will be available for public subscription from September 17 to September 19. Shares are priced within a range of Rs 57 to Rs 59 per share, with a minimum bid size of 2,000 shares.

IPO Details:

Offer Price	₹ 57 to ₹59 Per Share
Face Value	₹ 10 Per Share
Opening Date	September 17, 2024
Closing Date	September 19, 2024
Total Issue Size (In Shares)	5,482,000 shares
Total Issue Size (In Rs.)	₹32.34 Cr
Issue Type	Book Built Issue IPO
Lot Size	2000 Shares
Listing at	NSE, SME

Company Details

Paramount Speciality Forgings is an Indian company that manufactures steel forgings. The company produces a wide range of forged products, including tube sheet blanks, rings, spacers, girth flanges, tire rings, self-reinforced nozzles, long weld neck flanges, seats, valve bodies, and bonnets. These products find applications in various industries, such as petrochemicals, chemicals, fertilizers, oil and gas, nuclear power, and heavy engineering.  

SWOT Analysis of Paramount Speciality Forgings

Strengths	Weaknesses
Strong Customer Base Diverse Product Range Quality Certifications	Exposure to Fluctuations in Raw Material Prices Competition from Larger Players Dependence on a Few Key Customers
Opportunities	Threats
Growing Demand for Forged Products Expansion into New Markets Product Diversification	Trade Restrictions and Tariffs Technological AdvancementsEconomic Downturns

Osel Devices

This Rs 70.66 crore SME issue will be open for investors from September 16 to September 19. The price band is set between Rs 155 and Rs 160 per share, with a lot size of 800 shares.

IPO Details:

Offer Price	₹155 to ₹160 Per Share
Face Value	₹10 Per Share
Opening Date	September 16, 2024
Closing Date	September 19, 2024
Total Issue Size (In Shares)	4,416,000 shares
Total Issue Size (In Rs.)	₹ 70.66 Cr
Issue Type	Book Built Issue IPO
Lot Size	800 Shares
Listing at	NSE, SME

Osel Devices is a medical device company specializing in the development and manufacturing of innovative solutions for healthcare providers. They focus on creating cutting-edge technologies that improve patient outcomes and streamline clinical workflows.

Company Details: 

SWOT Analysis of Osel Devices

Strengths	Weaknesses
Innovative Product Portfolio Strong Regulatory Compliance Strategic Partnerships	High Research and Development Costs Regulatory Hurdles Reimbursement Challenges
Opportunities	Threats
Growing Healthcare Market Technological Advancements Personalized Medicine	Supply Chain Disruptions Intellectual Property Infringement Regulatory Changes

Pelatro

The Rs 55.98 crore issue will open for subscription on September 16 and close on September 19, with a price range set between Rs 190 and Rs 200 per share and a minimum bid size of 600 shares.

IPO Details:

Offer Price	₹190  to ₹200 Per Share
Face Value	₹10 Per Share
Opening Date	September 16, 2024
Closing Date	September 19, 2024
Total Issue Size (In Shares)	2,799,000 shares
Total Issue Size (In Rs.)	₹55.98  Cr
Issue Type	Book Built Issue IPO
Lot Size	600 Shares
Listing at	NSE, SME

Company Details

Pelatro is a global provider of customer engagement solutions for mobile operators. The company offers a suite of products and services that help mobile operators enhance customer loyalty, increase revenue, and improve customer experience. Pelatro’s solutions are designed to address the unique challenges faced by mobile operators in today’s competitive market.

SWOT Analysis of Pelatro

Strengths	Weaknesses
Strong Product Portfolio Global Presence Customer Focus	Competition from Larger Players Dependence on Mobile Operators Rapid Technological Changes
Opportunities	Threats
Growth in Mobile Subscriptions Increasing Demand for Customer Engagement Solutions Emerging Technologies	Cybersecurity Risks Regulatory Changes Economic Downturns

BikeWo GreenTech

This Rs 24.09 crore issue will begin its subscription period on September 18 and close on September 20. The price range is set between Rs 59 and Rs 62 per share, with a lot size of 2,000 shares.

IPO Details:

Offer Price	₹ 59 to ₹62 Per Share
Face Value	₹ 10 Per Share
Opening Date	September 18, 2024
Closing Date	September 20, 2024
Total Issue Size (In Shares)	3,886,000 shares
Total Issue Size (In Rs.)	₹24.09 Cr
Issue Type	Book Built Issue IPO
Lot Size	2000 Shares
Listing at	NSE, SME

Company Details:

BikeWo GreenTech is a company focused on developing innovative electric vehicle technology, particularly for bicycles and scooters. They aim to promote sustainable transportation and reduce carbon emissions.

SWOT Analysis of BikeWo GreenTech

Strengths	Weaknesses
Focus on Sustainability Innovative Technology Potential for Scalability	High Research and Development Costs Supply Chain Challenges Infrastructure Limitations
Opportunities	Threats
Growing Demand for Electric Vehicles Global Market Expansion Partnerships and Collaborations	Competition from Established Players Technological Disruptions Change in Government Policies

SD Retail Logo: With an issue size of Rs 64.98 crore, the subscription for this SME will be open from September 20 to September 24. The price range is Rs 124 to Rs 131 per share, with a lot size of 1,000 shares.

IPO Details:

Offer Price	₹124  to ₹131 Per Share
Face Value	₹ 10 Per Share
Opening Date	September 20, 2024
Closing Date	September 24, 2024
Total Issue Size (In Shares)	4,960,000  shares
Total Issue Size (In Rs.)	₹64.98 Cr
Issue Type	Book Built Issue IPO
Lot Size	1000 Shares
Listing at	NSE, SME

Company Details:

Incorporated in May 2004, S D Retail Limited creates and sells sleepwear under the “SWEET DREAMS” brand. They design comfortable sleepwear for everyone, celebrating the transition from work to home life. Their products are designed for men, women, and children aged 2-16, offering a variety of sizes to fit different body types. As of February 29, 2024, they sold their products through distributors, their own stores, other stores, and online platforms like Myntra, AJIO, Nykaa, Flipkart, Amazon, and their own website, both in India and other countries.

SWOT Analysis

Strengths	Weaknesses
Established Brand Diverse Product Range Strong Distribution Network	Dependence on a Single Brand Competition from Larger Players Seasonal Demand
Opportunities	Threats
Market Expansion Product Innovation Online Sales Growth	Changing Consumer Preferences Increasing Competition Supply Chain Disruptions

13 Listings in a Single Week

Alongside the new IPOs, D-Street will also witness 13 companies making their stock market debut. The listings include companies that have already completed their IPO processes and are set to be traded publicly for the first time.

Mainboard IPO Listings This Week

Mainboard IPO Name	Listing Date
Bajaj Housing Finance IPO	September 16
Tolins Tyres	September 16
Kross	September 16
P N Gadgil Jewelers	September 15

SME IPO Listings This Week

SME IPO Name	Listing Date
Gajanand International	September 16
Share Samadhan	September 16
Shubhshree Biofuels Energy	September 16
Aditya Ultra Steel	September 16
Trafiksol ITS Technologies	September 17
SPP Polymers	September 17
Innomet Advanced Materials	September 18
Excellent Wires & Packaging	September 19
Sodhani Academy of Fintech Enablers	September 20

Allotments: A Critical Aspect for Investors

In addition to IPOs and listings, seven allotments are set to take place. Investors who have applied for IPO shares will find out if they have been allocated shares. The allotment process is crucial for retail and institutional investors as it determines how many shares they will receive from their applications.

IPO Name	Type	Allotment Date
Excellent Wires & Packaging	SME	September 16
Innomet Advanced Materials	SME	September 16
Envirotech Systems Ltd.	SME	September 18
Sodhani Academy of Fintech Enablers	SME	September 18
Western Carriers India	Mainboard	September 19
Popular Foundations Ltd.	SME	September 19
Deccan Transcon Leasing Ltd.	SME	September 19

These allotments will be announced throughout the week, giving investors a clearer picture of their investment commitments. Investors should keep an eye on allotment dates and follow up with their brokers to track them.

Market Sentiment and Investor Outlook

The upcoming IPOs and listings highlight the strong market sentiment currently prevailing on Dalal Street. With positive economic indicators and a bullish stock market, companies are looking to take advantage of the favorable environment by raising capital through public offerings.

On the other hand, investors are keen to diversify their portfolios by investing early in companies with growth potential. However, thorough research, including closely examining the company’s fundamentals, financial health, and industry position, is essential for making informed investment decisions.

Conclusion

The coming week is set to be exciting for the Indian stock market, with  IPOs, listings, and allotments creating buzz on D-Street. This can be a chance for investors to explore new companies and diversify their portfolios. But it’s important to invest wisely by researching and considering your risk tolerance.

Know more about
IPO | Current IPO | Upcoming IPO | Listed IPO

*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 recommendation or investment advice by Research & Ranking. We will not be liable for any losses that may occur. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors.

The Indian stock market ended positive on Thursday owing to the approval of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-Drive) by the Union Cabinet. The initiative aimed at encouraging the adaptation of electric vehicles sent waves of surge in the NIFTY Auto index, which rose 2.14%. Consequently, the NIFTY closed green at 25388.9, and the BSE SENSEX closed at 82962.71 after touching an all-time high of 83,116. A few other stocks on the NSE also experienced growth enough to land them on the top performers list 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 12th September 2024:

Sno	Symbol	CMP	Performance
1	KAYNES	5135.05	10.12 %
2	SYRMA	461.25	9.93 %
3	ENGINERSIN	227.19	8.03 %
4	CENTURYTEX	2801.00	7.18 %
5	SUNDARMFIN	4900.00	6.00 %
6	CGPOWER	729.00	5.69 %
7	KALYANKJIL	690.75	5.17 %
8	CANFINHOME	909.80	5.12 %
9	CAMPUS	315.05	5.00 %
10	FDC	606.70	4.95 %

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:

Kaynes Technology Ltd.:

Kaynes Technology, founded in 2008, is a leader in electronics manufacturing and IoT solutions. It covers everything from design and engineering to manufacturing and lifecycle support. The company works with key automotive, aerospace, defense, and IT industries. In FY2024, Kaynes’ revenue grew to Rs.1,804.6 crore, up from Rs.1,126.11 crore in FY2023.

Its net profit increased to Rs.183.28 crore, compared to Rs.95.16 crore the previous year. While the June 2024 quarter saw a slight dip in net profit to Rs.51 crore, its stock has delivered a 143.43% return over the past year. Source money control

Syrma SGS Technology Limited:

Syrma SGS Technology Limited, founded in 2004 in Chennai, specializes in electronics manufacturing services (EMS). It focuses on precision manufacturing for various industries, offering end-to-end services from concept development to large-scale production. Syrma SGS supports OEMs through co-creation and product realization, excelling in high-mix volume production.

The company exports to over 20 countries. In FY2024, Syrma SGS acquired a 51% stake in Johari Digital Healthcare, a leader in MedTech device development. Additionally, it merged its subsidiaries SGS Tekniks and SGS Infosystems. The company achieved total revenue of Rs.3,212.4 crore, a 54% growth YoY. Profit after tax (PAT) stood at Rs.124.3 crore, with 26% of revenue from exports totaling Rs.811.7 crore. RoCE was 9.9%. [Source: Annual Report]

Engineers India Ltd.:

Engineers India Ltd (EIL), a government-owned company under the Ministry of Petroleum and Natural Gas, was founded in 1965. It’s a mid-cap firm specializing in global engineering consultancy and project management, mainly for the oil, gas, and petrochemical industries. EIL has also ventured into infrastructure, water management, solar and nuclear power, and fertilizers.

As of FY2024, it holds 47 patents, with 36 more pending. EIL reported a revenue of Rs.3,232.16 crore and a net profit of Rs.445 crore for FY2024. Although Q1 FY2025 income fell 27.34% from the previous quarter, net profit still grew by 29% compared to FY2023. The company’s order book stood at Rs.7,823 crore, with fresh inflows of Rs.3,406 crore. [Source: Annual Report]

Century Textiles and Industries Ltd.:

Century Textiles and Industries Ltd has come a long way since 1987. Starting as a single-unit textile company, it’s now a leader in cotton textiles, with a strong presence in Pulp, Paper, and Real Estate. In the June 2024 quarter, its Net Sales rose to Rs.1,149.24 crore, up 2.86% from June 2023. Net Profit saw a huge jump, reaching Rs.7.78 crore, a 232.31% increase. In September 2024, it issued a corporate guarantee of Rs.400 crore to Hindalco Industries, supporting Ekamaya Properties’ purchase of land from Hindalco in Kalwa, Thane. [Source: Annual Report]

Sundaram Finance Limited:

Sundaram Finance, a deposit-taking NBFC founded in 1954, offers services like vehicle and home finance, mutual funds, and insurance. Its capital adequacy ratio (CRAR) for FY2024 was 20.50%, exceeding the 15% requirement, and its return on net worth rose to 17.5% from 14.9% last year. Disbursements grew by 25% to Rs.26,163 crore, and gross receivables increased by 28.6% to Rs.51,385 crore. The company also posted a net profit of Rs.1,454 crore, up 33.64%, with revenue from operations at Rs.5,479.94 crore. Sundaram Finance maintained “AAA” ratings with a “Stable Outlook” from CRISIL and ICRA. [Source: Annual Report]

Top 10 volume gainers today from NIFTY 500

Based on the trade volume of 12th September 2024 vs the past one week’s average:

Sno	Symbol	Volume	Volume Change %
1	FDC	22562639	2744.41 %
2	HONASA	51032920	2415.84 %
3	SYRMA	4112374	1507.31 %
4	GRANULES	38138422	1293.13 %
5	JBMA	1446736	856.49 %
6	KIMS	736180	638.85 %
7	KAYNES	3925594	601.22 %
8	ENGINERSIN	26539642	592.78 %
9	CGPOWER	9996859	435.22 %
10	CAMPUS	4349795	391.04 %

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:

FDC Ltd.:

FDC (Fairdeal Corporation) Ltd, founded in 1936, is one of India’s top pharmaceutical companies. It specializes in manufacturing Oral Rehydration Salts (ORS) and various formulations. Some of its well-known brands include Zifi, Electral, Enerzal, Vitcofol, and Zocon. With a product portfolio of over 300 products, FDC has a strong presence in both domestic and international markets. As of FY2024, the company is nearly debt-free, with a profit CAGR of 11% over the last five years and a return on capital employed (ROCE) of 18%. For the June 2024 quarter, FDC’s net sales reached Rs.638.27 crore, up 19% from Rs.536.38 crore in June 2023. Its quarterly net profit was Rs.119.04 crore, an increase of 8.32% from Rs.109.89 crore in the same period last year. [Source: Annual Report]

Honasa Consumer Limited:

Honasa Consumer Limited is a digital-first beauty and personal care brand. It owns the brand Mamaearth and features brands like The Derma Co., Aqualogica, and Ayuga. The company also owns BBlunt and Dr. Sheth’s. In FY2024, new products contributed 18% of its revenue. Over the last five years, it achieved a remarkable 96.7% CAGR profit growth. For FY2024, it had a 69.8% gross profit margin and a 7.1% EBITDA margin. Its revenue from operations was Rs.1919.9 crore, and its net profit for 2023-24 was Rs.110.52 crore. [Source: Annual Report]

Granules India Limited:

Granules India Ltd. makes and sells Active Pharma Ingredients (APIs), Finished Dosages, and Pharmaceutical Formulation Intermediates (PFIs). It has four plants in Hyderabad and Vizag, with a total capacity of 40,000 TPA. In FY2024, its revenue was Rs.4506.4 crore, broken down as APIs at Rs.986.6 crore (22%), PFIs at Rs.610.7 crore (14%), and Finished Dosages at Rs.2909 crore (64%). The company offered a dividend yield of 0.21% for FY2024. As of 12th September 2024, the company stock saw returns of 83.56% over one year and 72.20% over three years. Besides, the company posted an ROCE of 15% for 2023-24 and a net profit of Rs.405 crore in the same year. [Source: Annual Report]

JBM Auto Limited:

Founded in 1983, JBM Auto Ltd specializes in sheet metal components, tools, dies, molds, buses, spare parts, and maintenance contracts. It leads the market in e-buses with a 30%-35% share and has built the world’s largest integrated EV ecosystem and electric bus manufacturing facility outside China. The JBM Group operates in over 25 locations across 10 countries. In FY2024, it earned a revenue of Rs.5,009.35 Crores, a 29.86% increase from the previous year. Its order book was Rs.45,000 Crores, showing a ~21% CAGR over five years, and the net profit reached Rs.193.73 crore in FY2024. For the quarter ending June 2024, total income was Rs.1,153.90 crore, down 22.60% from the last quarter but up 21.46% from June 2023. Plus, the net profit for the June 2024 quarter was Rs.43.05 crore.[Source: Annual Report]

Krishna Institute of Medical Sciences Ltd.:

Krishna Medical Institution Ltd (KIMS) started in 1973 and has become one of the largest healthcare groups in Andhra Pradesh and Telangana. It provides a wide range of healthcare services, from basic to advanced, across tier-2 and tier-3 cities, with additional top-tier care in major cities. KIMS now operates 12 centers of excellence with 4,000 beds and 40 specialties across Telangana, Andhra Pradesh, and Maharashtra. For FY2024, it has a debt-to-equity ratio below 0.75, and in 2023-24, it earned Rs.2,511.2 crore in revenue and Rs.336 crore in PAT. By June 2024, KIMS reported net quarterly sales of Rs.688.40 crore, up 13.59% year-on-year, and a quarterly net profit of Rs.86.60 crore, up 7.16% from the June 2023 quarter. [Source: Annual Report]

Though the Indian market indices rose after the policy approval, the impact of the US Fed rate cut is lingering on the borders. In uncertain times like these, it is suggested you carry out a thorough research of the external factors before fixating on a sector or stock to invest in. 

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.