20 stocks to add to your watchlist today: 26th September 2024

The market had a weak start on Wednesday due to a drop in FII inflows and a shift of funds to other emerging markets with cheaper valuations. However, things turned around later. In the final hour of trading, the market saw a strong comeback. This recovery helped both the Nifty 50 and Sensex reach new milestones despite the earlier dip. Consequently, SENSEX touched a new all-time high at 85,247 and closed for the first time above 85,000 at 85,169 points. Even NIFTY closed above 26,000 for the first time at 26,004. Amidst the surge in the indices, a few stocks 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 25th September 2024:

Sno	Symbol	CMP	Performance
1	SAREGAMA	607.90	14.93 %
2	ZEEL	134.65	5.77 %
3	ECLERX	2880.00	5.68 %
4	TATACOMM	2133.00	5.44 %
5	MAHLIFE	575.50	5.24 %
6	HEG	2428.00	5.14 %
7	FIVESTAR	812.20	5.14 %
8	SYRMA	458.00	4.06 %
9	POWERGRID	364.20	4.04 %
10	GODREJPROP	3326.90	3.88 %

(source: NSE on 25th 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.

Top 5 stock performers today from NIFTY 500

Saregama India Limited:

Saregama, India’s oldest music label (founded in 1902), is evolving into a pure content company, riding the global consumption wave. Since 2017, it’s been making waves with Saregama Carvaan and Yoodlee Films. As the only entertainment company in India with intellectual property across music, films, web series, TV serials, and more, Saregama covers both digital and physical platforms, with business models in licensing, advertising, and retail. Impressively, it owns around 50% of all music ever recorded in India. With a robust digital presence, it has 239 million followers across YouTube, Instagram, and Facebook. As of FY 2023-24, Saregama’s extensive music library holds over 150,000 tracks, with 9,700 added annually. It has a network of 100+ streaming platforms and 120+ artists/influencers. In FY 2024, it reported Rs.803 crore in revenue and Rs.196.99 crore in net profit with no debt. (Source: Annual Report)

ZEE Entertainment Limited:

ZEE Entertainment, founded in 1982 by Subash Chandra, is a major player in the media and entertainment industry. It reaches over 1 billion people, offering content across various genres, languages, and platforms. ZEE’s core activities include broadcasting satellite TV channels, selling space on other channels, and distributing media content like films and music rights. With over 5,000 movie titles and 230+ originals on ZEE5, it engaged 1,300+ million viewers by FY2023. In Q1 FY25, ZEE’s total income was Rs.2,149.52 crore, a slight dip from the previous quarter but a 7.57% year-on-year rise. Despite a modest 4.4% return on equity, it posted a net profit of Rs.118.01 crore in FY2023-24. (Source: Annual Report)

EClerx Services Limited:

EClerx Services Ltd, founded in 2000, offers business process management, automation, and analytics to Fortune 2000 companies across sectors like financial services, retail, media, and technology. They provide advanced analytics, automation, technical support, and digital care services, helping clients boost sales and retention while cutting costs. In FY2024, EClerx reported an operating income of Rs.2925.54 crore, a 10.5% growth. PAT stood at Rs.511.73 crore. The company’s stock has seen a 25% CAGR over five years, benefiting shareholders over and above the returns through dividends and buybacks. In the June 2024 quarter, operating revenue rose 14.2% YoY to Rs.781.9 crore, with an EBIT of Rs.155.6 crore. (Source: Annual Report)

Tata Communications Ltd.:

Tata Communications, originally incorporated as VSNL on March 19, 1986, was taken over by the Tata Group in 2002 after the Government of India sold a 25% stake. It is a global leader in digital ecosystems, providing managed solutions to multinational companies and service providers. With a presence in emerging markets and a global infrastructure, Tata Communications partners with 300 Fortune 500 companies, offering communication, cloud, mobility, and data center services. In 2008, the company was renamed Tata Communications. It operates the world’s only fully-owned fiber-optic subsea network and is the largest wholesale voice provider globally. Its services range from voice and data transmission to mobile roaming and TV uplinking. In FY2024, it acquired the remaining 41.9% stake in Oasis Smart SIM Europe. Revenue for FY2024 was Rs.20,969 crore, with Rs.17,181 crore from data and a PAT of Rs.968 crore. The dividend per share stood at Rs.16.70. (Source: Annual Report)

Mahindra Lifespace Developers Ltd:

Mahindra Lifespace Developers Ltd, founded in 1999, is engaged in developing real estate, residential projects, and commercial complexes. Through its subsidiary companies, it also takes part in infrastructure projects, including SEZs and Industrial Clusters. The company’s consolidated sales for the year reached Rs.2,69,779 lakh, reflecting a 19% growth over FY 2022-23. It launched projects covering 4.42 million sq. feet, a 39% increase from the previous year. The projected GDV of acquisitions during the year stands at Rs.4,40,000 lakh, marking a 38% rise. In FY 2023-24, Mahindra Lifespace successfully executed eight launches, leading to Rs.2,32,819 lakh in pre-sales. As of FY 2024, the company has delivered and is working on 53 projects. Its revenue stood at Rs.123.43 crore, with an ROCE of -3% and an asset turnover ratio of 1.54. (Source: Annual Report)

Top 5 volume gainers from NIFTY 500

Based on the trade volume of 25th September 2024 vs the past one week’s average:

Sno	Symbol	Volume	Volume Change %
1	SAREGAMA	14133319	6633.27 %
2	EASEMYTRIP	837145846	4516.51 %
3	ECLERX	2440409	3861.0 %
4	CRAFTSMAN	705126	1162.43 %
5	MAHLIFE	1702026	827.26 %
6	TATACOMM	2690683	713.54 %
7	SYRMA	2830066	634.87 %
8	HEG	5480144	559.68 %
9	ZEEL	59576088	441.9 %
10	GLAND	1019152	424.68 %

(source: NSE on 25th 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:

Easy Trip Planners Limited:

Easy Trip Planners Ltd. began in 2008 as a bootstrapped company and has remained profitable since. It operates through three channels: B2B2C, B2C, and B2E, offering access to over 400 international and domestic airlines, more than 10 lakh hotels, train and bus tickets, and taxi rentals in major Indian cities. In FY2023, its Look-to-book ratio was 3.88%, with a booking success rate of 98%. The company reported revenue of Rs.590.57 crore and a net profit of Rs.103.17 crore. For the June 2024 quarter, total income was Rs.109.63 crore, with a net profit of Rs.34.46 crore, up from Rs.26.07 crore in June 2023. (Source: Annual Report)

Craftsman Automation Limited:

Craftsman Automation Limited, founded in 1986, is a strong player in the engineering space. Headquartered in Coimbatore, it runs multiple manufacturing facilities across India. Craftsman produces parts and subassemblies for e-commerce, pharmaceuticals, automotive, and engineering sectors. In FY2024, the company achieved a consolidated revenue of Rs.4,452 crore. Of this, 17% came from industrial and engineering, Rs.740 crore (35%) from powertrain, and Rs.2,154 crore (48%) from aluminum. Exports contributed 4% to the total revenue. The company’s net worth also increased to Rs.1,752 crore in FY2024, up from Rs.1,438 crore the previous year. (Source: Annual Report)

Syrma SGS Technology Limited:

Syrma SGS Technology Limited, founded in 2004 in Chennai, focuses on electronics manufacturing services (EMS). It specializes in precision manufacturing for various industries, offering end-to-end services from concept development to large-scale production. Syrma SGS helps OEMs through co-creation and product realization, excelling in high-mix volume production. The company exports to over 20 countries. In FY2024, it acquired a 51% stake in Johari Digital Healthcare, a leader in MedTech device development, and merged its subsidiaries, SGS Tekniks and SGS Infosystems. Syrma SGS reported a total revenue of Rs.3,212.4 crore, growing 54% year-on-year. Its profit after tax (PAT) was Rs.124.3 crore, with 26% of revenue coming from exports, totaling Rs.811.7 crore. The return on capital employed (RoCE) was 9.9%. (Source: Annual Report)

HEG Limited:

HEG Ltd stands out as one of India’s leading manufacturers and exporters of graphite electrodes. It runs the world’s largest integrated graphite electrode plant, producing 80,000 tons each year. As part of the LNJ Bhilwara Group, HEG also explores IT services, power, and textiles. The company offers various grades of graphite electrodes, including UHP, SHP, and HP, exporting 65-70% of its output to 35 countries for over two decades. In June 2024, HEG reported revenue of Rs.571.46 crore, a decrease from Rs.671.43 crore in June 2023. Its net profit also fell to Rs.23.04 crore from Rs.139.08 crore. Additionally, HEG’s stock price dipped by 5.3% over the past year as of 25th September 2024. (Source: Annual Report)

Gland Pharma Ltd.:

Founded in Hyderabad in 1978, Gland Pharma started as a contract manufacturer of liquid parenteral products. Today, it’s one of the largest injectable-focused companies, operating in over 60 countries, including the U.S., Europe, Canada, Australia, and India. With a business-to-business (B2B) model, Gland Pharma excels in developing, manufacturing, and marketing complex injectables. Promoted by Shanghai Fosun Pharma, Gland Pharma has seen rapid growth across the value chain. In FY2024, they launched 89+ products in core markets, with nearly 100 crore units of finished formulation capacity. Revenue from operations reached Rs.5664.7 crore, growing 56% year-on-year, and profit after tax (PAT) was Rs.772.5 crore with a 14% PAT margin for FY2024. The company invested Rs.177.4 crore in R&D and maintained a low debt-to-equity ratio of 0.04. As of FY2024, the company’s net worth grew at a 25% five-year CAGR, reaching Rs.8723.8 crore. (Source: Annual Report)

It is common that your asset allocation may have splurged during such a surge because of the temporarily outsized returns. However, before rebalancing immediately, thoroughly consider the market factors and their possible duration of sustenance to avoid any loss situation. 

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.