Nifty, Sensex Top Gainers and Losers: Kotak Bank, HUL among top gainers; Apollo Hospital slides 2.5% - what should investors do?

Nifty, Sensex Top Gainers and Losers, Kotak Bank, HUL, Apollo Hospital: The Indian markets ended flat with marginal gains today as both the benchmark indices closed between 0.03-0.2 per cent. Frontline indices – Nifty and Sensex – settled at the key levels around 18,400 and 62,000, respectively, on Wednesday.   

Meanwhile, the broader markets like Nifty Midcap and Smallcap underperformed the benchmarks to end nearly 0.6 and 0.7 per cent lower, respectively, today. The 12-share banking index – Nifty Bank continued its gaining rally and closed at a lifetime-high level of 42,535, up 0.4 per cent on Wednesday.  

Sectorally, Nifty Bank, Financial Services and IT aided the markets most to close in the green. On the other hand, Nifty Metal, Realty and Oil & Gas dragged the Indian Indices. Among heavyweights – Kotak Bank, HUL, HDFC, were among the top gainers, Apollo Hospital, Hindalco were top laggards.  

Kotak Bank: Buy – Target: Rs 2010; Upside: 4%  

While a higher CASA (current and savings account) ratio and strong capital base are key strengths for Kotak Bank, Prakhar Agarwal research analyst at Elara Capital said that it is unable to demonstrate its ability to grow retail deposits and manage treasury risks - both of which are key in a rising rate scenario.  

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The brokerage maintains a Buy rating on the stock with a target of Rs 2,010, implying 3 per cent upside in short-term. Kotak Mahindra Bank shares have been surging for the second straight day on Wednesday, and the stock closed at Rs 1963 apiece. 

HUL: Buy – Target: Rs 2800; Upside: 13% 

ICICI Securities believes there are outsized gains in parts of the HUL’s portfolio which may be masking weakness in some parts like Glow & Lovely. The company has been prudent in managing the response to inflation and there is continued work on category development in both basic formats and premiumization. 

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Modelling revenue / EBITDA / PAT CAGR of 12 / 13 / 14 per cent, respectively, over FY22-24E, the brokerage maintains ADD rating with a target price of Rs 2,800, implying 13 per cent upside. The stock closed among top Sensex gainers, up nearly 1 per cent to Rs 2480 apiece on Wednesday. 

Apollo Hospital: Buy – Target: Rs 5000; Upside: 20% 

Param Desai, analyst at Prabhudas Lilladher, believes Apollo Hospital has created a solid growth platform across segments and digital foraying has further made it a strong omni channel player. The company also has a good presence in an offline format, making it more of a formidable player, he added. 

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The analyst estimates 19 per cent EBITDA CAGR over FY22-25E and recommends to Buy a rating with a target price of 5,400 per share, implying over 20 per cent upside. The counter on Wednesday closed as the top Nifty loser, down over 2.5 per cent to Rs 4494 apiece on the NSE. 

Nifty50 Top Gainers:   

1) Kotak Bank shares ended at Rs 1,963.60, up over 2.5 per cent on the NSE from Tuesday’s closing price.   

2) Coal India shares ended at Rs 235.25, up over 1 per cent on the NSE from Tuesday’s closing price.   

3) HDFC shares ended at Rs 2,700.00, up around 1 per cent on the NSE from Tuesday’s closing price.   

4) HUL shares ended at Rs 2,480.00, around 1 per cent on the NSE from Tuesday’s closing price.   

5) TCS shares ended at Rs 3,360.00, up around 1 per cent on the NSE from Tuesday’s closing price.   

Nifty50 Top Losers:   

1) Apollo Hospital shares ended at Rs 4,494.00, down over 2 per cent on the NSE from Tuesday’s closing price. 

2) Adani Ports shares ended at Rs 885.55, down around 2.5 per cent on the NSE from Tuesday’s closing price.   

3) Hindalco shares ended at Rs 446.20, down over 2 per cent on the NSE from Tuesday’s closing price.   

4) Bajaj Finance shares ended at Rs 6,875.00, over 2 per cent on the NSE from Tuesday’s closing price.   

5) Adani Ent shares ended at Rs 3,975.00, down over 2 per cent on the NSE from Tuesday’s closing price.   

Sensex Top Gainers:   

1) Kotak Bank shares ended at Rs 1965.65, up over 2.5 per cent on the BSE from Tuesday’s closing price.   

2) HUL shares ended at Rs 2480.80, up around 1 per cent on the BSE from Tuesday’s closing price.   

3) Dr Reddy shares ended at Rs 4477.65, up around 1 per cent on the BSE from Tuesday’s closing price.   

4) HDFC Bank shares ended at Rs 1632.25, up around 1 per cent on the BSE from Tuesday’s closing price.  

5) Airtel shares ended at Rs 841.50, up around 1 per cent on the BSE from Tuesday’s closing price   

Sensex Top Losers:   

1) Bajaj Finance shares ended at Rs 6891.85, down around 2 per cent on the BSE from Tuesday’s closing price.   

2) Tata Steel shares ended at Rs 106.55, down around 2 per cent on the BSE from Tuesday’s closing price.   

3) NTPC shares ended at Rs 169.90, down over 1 per cent on the BSE from Tuesday’s closing price.   

4) Bajaj Finserv shares ended at Rs 1685.75, down over 1 per cent on the BSE from Tuesday’s closing price.  

5) UltraTech Cement shares ended at Rs 6910.40, down around 1 per cent on the BSE from Tuesday’s closing price.