The RBI maintained its focus on managing inflation by announcing the Finance Bill on 8 August 2024. It kept the benchmark repo rate at 6.5% and maintained its stance on the inflation and growth forecast for 2024-25. The RBI has also kept its real GDP growth forecast for FY25 at 7.2%. For Q1, it’s set at 7.1%, a bit lower than the previous forecast of 7.3%.
The impact on the markets was seen as a slight fall in the NIFTY 50 index, which closed at 24117. A similar decline was seen in SENSEX, which settled 582 points lower at 78886.22. However, amidst the adjusting markets, some stocks showed resilience 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 Performers from NIFTY 500 based on the closing figures of 8th August 2024
| Sno | Symbol | CMP | Performance |
| 1 | TRITURBINE | 711.9 | 11.5 % |
| 2 | HONASA | 497.9 | 9.21 % |
| 3 | BSE | 2589 | 7.94 % |
| 4 | ROUTE | 1613 | 7.49 % |
| 5 | KFINTECH | 901.95 | 6.94 % |
| 6 | DCMSHRIRAM | 1152.4 | 5.6 % |
| 7 | JUSTDIAL | 1245 | 5.24 % |
| 8 | SUZLON | 73.05 | 4.99 % |
| 9 | CRISIL | 4453 | 4.93 % |
| 10 | POONAWALLA | 368 | 4.59 % |
*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:
- Triveni Turbine Limited:
Triveni Turbine Limited (TTL) is a leader in industrial heat and power solutions, specializing in up to 100 MW steam turbines. TTL dominates India’s industrial steam turbine market and is globally recognized among the top manufacturers. TTL is known for its steam turbine solutions for industrial heating and power generation, offering renewable power options for industrial clients and power producers.
The company remains one of the top steam turbine manufacturers in FY2024. They reported a net profit of Rs.269 crore and a 15% dividend payout. In the June 2024 quarter, they made net sales of Rs. 463.28 crore, up 23.08% from the previous year. The quarterly net profit was Rs.80.03 crore, a 31.74% increase from Rs. 60.75 crore in June 2023.
- Honasa Consumer Ltd.:
Honasa Consumer Limited is a digital-native beauty and personal care brand. The company’s portfolio includes its flagship brand, Mamaearth, and other popular brands like The Derma Co., Aqualogica, and Ayuga. Honasa has also made strategic acquisitions, adding BBlunt and Dr. Sheths to its lineup. In FY2024, 18% of the company’s revenue came from its newly launched products.
The company maintained a CAGR profit growth of 96.7% over the last five years as of FY2024. It recorded a gross profit margin of 69.8% and an EBITDA margin of 7.1% as of FY2024. Its revenue from operations was Rs.1919.9 crore, and the net profit for 2023-24 was Rs.110.52 crore.
- BSE Ltd.:
BSE, Asia’s first stock exchange, was established in 1875. It’s also the first in India to receive permanent recognition under the Securities Contract Regulation Act of 1956. Located on Dalal Street in Mumbai, BSE Ltd offers a platform for trading in equity, debt, equity derivatives, currency derivatives, commodity derivatives, SME, SME startups, interest rate futures, and the e-agricultural spot market.
As of 8 August 2024, the company stocks had grown 194.56% in the last year. The company has also given a three-year CAGR net profit growth of 75.1% as of the same date. Moreover, the company recorded a net profit of Rs.772 crore for FY2024 and Rs.264 crore for the June 2024 quarter.
- Route Mobile Ltd.:
Route Mobile Limited is a cloud communications platform service provider and a global Communications Platform as a Service (CPaaS) leader. The company offers a wide range of services, including messaging, voice, email, SMS filtering, analytics, and monetization to clients across countries.
In May 2024, Route Mobile became part of the Proximus Group, with Proximus Opal acquiring a 57.56% stake in the company. As of the June 2024 quarter, the company’s net sales were Rs.1103.42 crore (14.07% more than June 2023), and its net profit was Rs.78.52 crore (15.06% less than June 2023). As of 8th August 2024, the company stocks grew by 10.30% in the last twelve months.
- KFin Technologies Limited:
KFin Technologies Limited is a top financial services platform driven by technology. They offer services to asset managers and corporate issuers across various asset classes in India. KFin also provides investor solutions, handling transaction origination and processing for mutual funds and private retirement schemes in Malaysia, the Philippines, and Hong Kong.
The company acquired 708 new corporate clients in FY2024, adding 1.43 crore investor folios. As of 8th August 2024, the company’s stocks gave a one-year return of 138.21% and marked a three-year CAGR revenue growth of 21%. Additionally, the company recorded a quarterly net profit of Rs.68.07 crore as of June 2024, 56.94% more than the June 2023 quarterly profit of Rs.43.38 crore.
Top 10 volume gainers from NIFTY 500 based on the trade volume of 8th August 2024 vs the past week’s average
| Sno | Symbol | Volume | Volume Change % |
| 1 | LXCHEM | 13924512 | 1428.02 % |
| 2 | HONASA | 4382388 | 1396.47 % |
| 3 | ROUTE | 1307536 | 780.67 % |
| 4 | TRITURBINE | 10380297 | 654.9 % |
| 5 | ABBOTINDIA | 84424 | 623.79 % |
| 6 | CHEMPLASTS | 2966341 | 604.58 % |
| 7 | ASTRAZEN | 79675 | 513.13 % |
| 8 | DCMSHRIRAM | 968412 | 469.75 % |
| 9 | RADICO | 734155 | 452.3 % |
| 10 | LEMONTREE | 17798929 | 440.44 % |
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:
- Laxmi Organic Industries Ltd.:
Laxmi Organic Industries Limited was founded in 1989 and specializes in specialty chemicals. It mainly produces Ethyl Acetate, Acetic Acid, and Diketene Derivative Products (DDP). Operating in over 30 countries with 11 offices in India, it is the top player in India’s Acetyl, Ketene & DiKetene Intermediaries and among the top 5 globally.
Its revenue for FY2024 was Rs.2893.2 crore, and its net worth was Rs.1797.6 crore for the same year. The company stocks gave a one-year return of 1.35% as of 8th August 2024. However, its quarterly net profit as of June 2024 was Rs.34.35 crore, 10.38% lower than the June 2023 profit of Rs.38.33 crore.
- Abbott India Ltd.:
Abbott India Ltd. is a major pharmaceutical company in India that works through independent distributors. It’s part of Abbott Laboratories, a global leader with over 130 years of experience in 160+ countries. The company specializes in chronic and acute therapies, with 125+ products in its portfolio as of FY2024.
In the financial year 2023-24, the company declared a dividend of Rs.410, made revenue of Rs.5849 crore, 9.4% more than the previous year, and posted a 16% growth in book value per share. It also had a net profit margin of 20.5% and a net profit of Rs.1201.12 crore in FY2024.
- Chemplast Sanmar Ltd.:
Chemplast Sanmar is the leader in making specialty paste PVC resin and is India’s second-largest producer of Suspension PVC. It’s also a pioneer in Chloromethanes in the country. The company excels in crafting high-quality specialty paste PVC resin and provides customized manufacturing solutions for starting materials and intermediates in various sectors, like pharmaceuticals, agrochemicals, and fine chemicals.
The company’s revenue from operations in FY2024 was Rs.3923 crore, and its EBITDA was Rs.26 crore. It incurred a loss of Rs.158 crore in FY2024. However, the company stocks gave a one-year return of 17.11% as of 8th August 2024.
- AstraZeneca Pharma India Ltd.:
AstraZeneca Pharma India Ltd. (AZPIL) makes and markets pharmaceutical products across several healthcare areas: gastrointestinal, cardiovascular, cancer, respiratory, neurosciences, and infection. It’s backed by AstraZeneca plc, a global pharmaceutical and biotechnology firm based in England. As of 8 August 2024, the company stocks gave a one-year return of 73.69% and a three-year return rate of 94.49%. It maintained a dividend payout of 39.3% as of FY2024 and also generated a net profit of Rs.162 crore.
- DCM Shriram Ltd.:
DCM Shriram, part of the DCM group founded by Sir Shri Ram, operates across various sectors. Its agri-rural Business includes urea, sugar, ethanol, and hybrid seeds. In the Chloro-Vinyl Business, it produces caustic soda, chlorine, and PVC products, among other things. It also manages power and cement operations.
Its value-added business, Fenesta Building Systems, specializes in UPVC and aluminum windows and doors. The company stocks have given a one-year return of 33.48% and a three-year return of 18.16% as of 8th August 2024. As of the June 2024 quarter, its net profit was Rs.100.30 crore, 77.27% more than the June 2023 quarter profit of Rs.56.58 crore.
The market experienced a slight decrease due to the impact of the Finance Bill and ongoing weak global cues. However, by approaching the situation with caution and ensuring that your portfolio is in line with your strategies and goals, you can effectively navigate through temporary market fluctuations.
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.
