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.
I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
