20 stocks to add to your watchlist today: 19th September 2024

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.