20 stocks to add to your watchlist today: 1th October 2024

The market ended the month’s last trading session with a series of losses against the backdrop of weak global cues, geopolitical tensions, and the shift of FIIs towards the Chinese markets after it announced a series of economic stimulus measures. The NIFTY opened and closed on a negative note at 25,811 points. Even the SENSEX dipped by 1,272.07 points and closed at 84,299.78. However, amidst the drops, certain stocks resiliently 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 30th September 2024:

Sno	Symbol	CMP	Performance
1	SAREGAMA	625.50	10.49 %
2	VIJAYA	958.65	8.91 %
3	ASTRAZEN	7780.00	8.27 %
4	JMFINANCIL	151.25	5.85 %
5	POWERINDIA	14399.00	5.50 %
6	SANOFI	7100.00	5.16 %
7	GPIL	1108.00	4.97 %
8	CELLO	922.00	4.71 %
9	ASAHIINDIA	795.00	4.46 %
10	TMB	469.90	4.21 %

(source: NSE on 30th 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:

Saregama India Limited:

Saregama, India’s oldest music label (founded in 1902), is transforming into a pure content company. Since 2017, it has been gaining attention with Saregama Carvaan and Yoodlee Films. Saregama holds intellectual property in music, films, web series, TV serials, and more, reaching both digital and physical platforms. Its business spans licensing, advertising, and retail. Owning around 50% of all music ever recorded in India, Saregama has a massive digital presence, with 239 million followers on YouTube, Instagram, and Facebook. By 2023-24, it had over 150,000 tracks in its library, adding 9,700 new ones annually. With a network of 100+ streaming platforms and 120+ artists, Saregama reported Rs.803 crore in revenue and Rs.196.99 crore in net profit in FY2024, all with zero debt. (Source: Annual Report)

Vijaya Diagnostic Centre Limited:

Vijaya Diagnostic Centre Ltd. is the largest integrated diagnostic chain in South India, offering a range of services like nuclear medicine, radiology, lab tests, and health check-ups. It was one of the first in South India to offer PET-CT scans. With 146 centers across 20 cities, it has NABL-certified labs and serves over 400 multinational companies with Corporate Wellness solutions. In FY2024, it acquired PH Diagnostic Centre in Pune, making it a wholly-owned subsidiary. For FY2023-24, it reported a 21.6% ROCE and a net profit of Rs.114.47 crore. In Q1 FY2024, its revenue reached Rs.156.2 crore, showing 29.1% year-on-year growth, with a PAT of Rs.31.3 crore and a PAT margin of 20.1%. (Source: Annual Report)

AstraZeneca India Limited:

AstraZeneca India was founded in 1979 and is based in Bengaluru, Karnataka. AstraZeneca Pharma India Ltd. (AZPIL) makes and sells pharmaceuticals in areas like cancer, cardiovascular health, respiratory issues, gastrointestinal problems, neurosciences, and infections. It’s backed by AstraZeneca plc, a global biotech company from England. As of 30th September 2024, its stock had a one-year return of 76.98% and a three-year return of 157.96%. In FY2024, the company maintained a dividend payout of 39.3% and reported a net profit of Rs. 162 crore. For the quarter ending June 2024, AZPIL saw a year-on-year revenue growth of 29%. (Source: Annual Report)

Bharat Petroleum Corporation Limited:

JM Financial Ltd. has been in the financial services industry for over 50 years. It provides mortgage lending, distressed credit services, and asset management. The company serves corporations, institutions, governments, and high-net-worth individuals. It also manages investment banking and private equity funds. As of FY2024, its private wealth management assets under management (AUM) reached Rs.68,105 crore, marking a 21% year-on-year growth. Retail wealth management AUM stood at Rs.28,795 crore. For FY2024, JM Financial reported a total income of Rs.4,832 crore and a net worth of Rs.8,438 crore. In the June 2024 quarter, the company posted a net profit of Rs.170.70 crore. (Source: Annual Report)

Hitachi Energy India Limited:

Hitachi Energy India Ltd, formerly ABB Power Products and Systems India Ltd, was formed in 2019 as a JV between Hitachi and ABB’s Power Grids. The company offers a full range of engineering, products, solutions, and services in power technology for utility and industry customers. On December 22, Hitachi Ltd acquired full ownership by purchasing a 19.9% stake in the company. Now operating under the Hitachi brand, it gains access to Hitachi’s vast resources and expertise. As of FY2024, Hitachi Energy India boasts an installed power capacity of approximately 442 GW, making it the fourth largest in renewable energy capacity. The company reported a revenue of Rs.5,246.8 crores and a profit after tax of Rs.163.8 crores, with total orders received amounting to Rs.5,536.3 crores. (Source: Annual Report)

Top 10 stock performers today from NIFTY 500

Based on the trade volume of 30th September 2024 vs the past one week’s average:

Sno	Symbol	Volume	Volume Change %
1	VIJAYA	2339995	1789.14 %
2	TRIDENT	27210556	549.19 %
3	JKLAKSHMI	790544	547.36 %
4	SAREGAMA	15253084	449.98 %
5	WHIRLPOOL	877016	422.36 %
6	ASTRAZEN	1199286	307.71 %
7	ANANDRATHI	120595	273.09 %
8	ALOKINDS	40353237	267.26 %
9	VTL	672835	249.07 %
10	GMDCLTD	2472406	243.49 %

(source: NSE on 30th 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:

Trident Limited:

Trident Ltd, established in 1990, is a leading manufacturer, trader, and seller of yarn, terry towels, bed sheets, paper, and chemicals. It holds the title of the world’s largest producer of wheat straw-based paper and ranks No. 1 in North India for branded copier paper. Trident is also the largest terry towel manufacturer and a major player in India’s home textile market. Its paper segment boasts the highest operating margin among key listed companies in India and it stands as the second-largest exporter of home textile products from the country. The company produces industrial and battery-grade sulfuric acid primarily in Northern India and operates in over 90 countries, with 61% of its revenue coming from exports. In FY2024, Trident reported a total income of Rs.6,790.3 crore, marking a 7.9% growth, while exports reached Rs.4,092.3 crore, up by 23%. However, PAT declined by 7.65% to Rs.389.6 crore, with ROCE at 10%. (Source: Annual Report)

JK Lakshmi Cement Limited:

JK Lakshmi Cement Ltd, part of the JK Group, manufactures and supplies cement and related products like RMC and AAC blocks across various states in India. As part of the JK Organisation, it operates alongside businesses like JK Tyre and JK Paper. In FY2024, JK Lakshmi Cement has a 2.50 million ton expansion project at UCWL and is also working on a Rs.325 crore railway siding project in Durg. The company reported a total revenue of Rs.6,788 crore, marking a 5% year-on-year growth and a net profit of Rs.487.87 crore. Over the past ten years, it has maintained an average dividend payout of 20%. In the June 2024 quarter, volume sales grew to 30.37 lakh tons, while revenue was Rs.1,564 crore, reflecting a 12% decline quarter-on-quarter. Profit after tax for the quarter was Rs.68 crore, down 15% year-on-year. (Source: Annual Report)

Whirlpool of India Limited:

Whirlpool of India Ltd., established in 1960, is a leading name in the consumer durables sector. It specializes in home appliances and is supported by Whirlpool Corporation in the USA. You might recognize its brands, including Whirlpool, KitchenAid, Maytag, Consum, Brastemp, and Amana. As of FY2023, Whirlpool operates 55 manufacturing and research centers. In FY2024, the company reported a net profit of Rs.224.3 crore, with Rs.145.25 crore for the June 2024 quarter. During this quarter, its total income reached Rs.2,548.21 crore, reflecting a 42.08% increase from the previous quarter and a 22.90% rise from June 2023. Over the past year, its stock delivered a return of 40.89%, outperforming NIFTY50’s 31.43%, while the 3-year return stood at 0.20%. (Source: Annual Report)

Anand Rathi Wealth Limited:

Anand Rathi Wealth Ltd, established on March 22, 1995, is a top player in India’s wealth solutions sector. It ranks among the top three non-bank mutual fund distributors, offering a wide range of wealth solutions, financial products, and tech services. By March 2024, 155 clients with assets over Rs.10 crores achieved a 14.6% annual return with 46% lower risk than the NIFTY 50 Index, thanks to its 10-year strategy. In FY2024, Anand Rathi Wealth Ltd earned Rs.752 crores, marking a 35% increase from the previous year. About 52.4% of its clients have investible assets between Rs.5 crores and Rs.50 crores, with some exceeding Rs.50 crores. Clients with assets over Rs.50 crores contribute 23.6% of the company’s AUM. The total AUM for FY2024 was Rs.59,351 crores, a 52% rise, while the PAT reached Rs.226 crores, reflecting a 34% growth. (Source: Annual Report)

Alok Industries Limited:

Alok Industries Limited is among India’s largest textile companies, offering complete solutions through five key divisions: Home Textiles, Cotton Yarn, Apparel Fabric, Garments, and Polyester Yarn. For almost forty years, Alok has led the textile industry by providing high-quality products and reliable delivery. The company has two joint ventures and six subsidiaries. As of March 31, 2024, Alok’s net worth was negative at Rs.18,134.84 crore, compared to negative Rs.17,320.72 crore the previous year. The company reported consolidated revenue of Rs.5,509.59 crore, down by 21.26% from Rs.6,989.20 crore in FY2023. Additionally, Alok faced a consolidated loss after tax of Rs.846.82 crore, slightly improving from a loss of Rs.880.46 crore in the previous year. Despite the losses, the company stock gave a one-year return of 40% as of 30th September 2024. (Source: Annual Report)

Many expert reviews clashed today. Some supported the chance of the market remaining low, while others suggested a possible bounce back. Whichever direction the market goes, it is suggested that you trade only after thoroughly analyzing the market cues and company fundamentals. 

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.