Top Gainers, Losers: Indian equity benchmarks Sensex and Nifty50 closed one per cent lower on Tuesday amid weakness across global markets. Selling pressure in the financial and IT spaces weighed on headline indices, with losses in heavyweights such as Reliance Industries, HDFC Bank, Infosys and TCS.

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The Sensex ended 631.8 points lower at 60,115.5 and the Nifty50 settled at 17,914.2, down 187.1 points from its previous close.

As many as 22 stocks in the Sensex basket closed lower. Bharti Airtel, SBI, HDFC Bank, UltraTech Cement, Bajaj Finance, HDFC, NTPC, ITC, Reliance Industries, and Tech Mahindra were the top laggards. Tata Motors, PowerGrid, Tata Steel, Hindustan Unilever, and Mahindra & Mahindra were the top gainers.

The TCS stock finished with a loss of one per cent at Rs 3,286.2 apiece on BSE, a day after India's largest IT services company reported a mixed set of quarterly results.

Here's a list of some of the biggest gainers and losers of the day, and what analysts suggest investors should do with them:

Tata Motors

Tata Motors emerged the top gainer on both main gauges after the auto major posted a robust quarterly business update.

The stock gained by Rs 23.7 or 6.1 per cent -- bucking the negative market trend -- to finish at Rs 413.1 apiece on BSE.

Image Source: Stockedge

Motilal Oswal has a 'buy' call on the stock with a target price of Rs 520, which implies a potential upside of 25.9 per cent from Tuesday's closing price.

While the company's India commercial vehicle business will see a cyclical recovery, its India passenger vehicle business is in a structural recovery mode, according to Motilal Oswal. The brokerage also said that JLR, a subsidiary of Tata Motors, is also witnessing a cyclical recovery, supported by a favourable product mix, though supply-side issues will defer the recovery process.

The stock trades at a consolidated earnings per share (EPS) multiple of 17.1 times the earnings estimate for the year ending March 2024 and a price-to-book multiple of three times, according to Motilal Oswal.

Apollo Hospitals

Apollo Hospitals shares ended higher by Rs 64.2 or 1.5 per cent at Rs 4,468 apiece on BSE. The stock was among the top three gainers in the Nifty50 universe.

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ICICI Securities has a 'buy' call on the stock with a target price of Rs 5,230 apiece -- implying 17 per cent upside potential.

After a strong performance in the July-September period, the hospital segment is expected to witness a sequentially flattish quarter for Apollo Hospitals amid lower possible elective surgeries owing to Dussehra and Diwali festivals, according to Siddhant Khandekar, Research Analyst at ICICI Securities.

Bharti Airtel

Bharti Airtel shares declined by Rs 26.5 or 3.2 per cent to finish at Rs 792.9 apiece on BSE and were among the top laggards on benchmark indices Sensex and Nifty50.

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According to Neeraj Chadawar of Axis Securities, Bharti Airtel may see a sequential improvement in its earnings with an increase in the India and Africa wireless revenue, and a strong service mix along with growth in average revenue per user (ARPU) may help the telecom company improve its margin.

India's non-wireless revenue is expected to remain robust for Bharti Airtel, especially broadband and enterprise, according to Bhupendra Tiwary of ICICI Securities.

The brokerage has a 'buy' on the stock with a target price of Rs 960 apiece — implying 21 per cent upside potential.