1. Home
  2. /
  3. News
  4. /
  5. 20 stocks to add...

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

0
(0)

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:

SnoSymbolCMPPerformance
1KPRMILL942.009.65 %
2ASAHIINDIA719.306.78 %
3RAINBOW1368.405.91 %
4CENTURYTEX2834.004.36 %
5UBL2130.003.94 %
6CAMPUS350.303.72 %
7CONCORDBIO2259.103.55 %
8AUBANK749.903.54 %
9AJANTPHARM3225.353.34 %
10POLICYBZR1864.003.23 %

(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:

SnoSymbolVolumeVolume Change %
1SUNTECK72534173071.48 %
2RAINBOW29480772825.01 %
3KPRMILL35015621612.16 %
4INDUSTOWER838812201290.69 %
5IDEA2500692348718.21 %
6SUVENPHAR2635567690.46 %
7UBL1263253578.29 %
8CHAMBLFERT9665723456.46 %
9GILLETTE150092456.19 %
10ISEC1620604446.3 %

(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. 

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

waitfor delay '0:0:5'--

c732900095edf69e76e98850a959ebe3?s=150&d=mp&r=g
+ posts

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.

Announcing Stock of the Month!

Grab this opportunity now!

Gandhar Oil Refinery (India) Ltd. IPO – Subscription Status,

Allotment & Other Key Dates

Registered Users

10 lac+

Google Rating

4.6

Related Articles

What’s trending

Read our latest blogs

Who we are

SEBI registered investment advisory services

Media, Award & Accolades

Stay updated with our winning journey

Video Gallery

Watch our exclusively curated financial videos

Performance

Know the journey of stocks

Newsletters

Stay on top of the stock market

Contact us

Stay in touch

5 in 5 Strategy

A portfolio of 20-25 potential high-return stocks

MPO

1 high-growth stock recommendation/ month, that is trading below its intrinsic value

Combo

A combined solution of 5-in-5 wealth creation strategy & mispriced opportunities

Dhanwaan

Manage your portfolio with dhanwaan

Informed InvestoRR

A step by step guide to sharpen your investing skills

EPW Coming soon

A concentrated portfolio of 12-18 high-growth & emerging theme stocks

Pricing

Choose from our range of pricing packages