Gainers and Losers:Top 10 stocks that buzzed the most today

Gainers and Losers: Indian equity benchmarks BSE Sensex closed at a five-month high on Friday, riding on gains in banking and auto stocks ahead of the release of key inflation data.

BSE Sensex index gained 123.38 points or 0.20 per cent to settle at 62,027.90, the highest closing level since December 12, 2022 and NSE Nifty edged up 17.80 points or 0.1 per cent to close at 18,314.80 points.

Among Nifty scrips, Eicher Motors, Mahindra and Mahindra (M&M), IndusInd Bank, Axis Bank, and Hindustan Unilever (HUL) were among the top gainers.

Hindalco, BPCL, PowerGrid, NTPC and Tata Steel were among the major laggards.

Here is a list of Top 10 stocks that buzzed the most today:

1 IndusInd Bank

IndusInd shares rose over 1 per cent to end at Rs 1,208 apiece on NSE.

Nuvama has given a 'buy' rating on IndusInd Bank (IIB) with a target price of Rs 1,280 apiece.

“IIB continues to steadily improve on most parameters. We expect this trend to sustain going forward,” Nuvama said in its report.

2 Eicher Motors 

Eicher Motors shares rose over 5 per cent at Rs 3,604.7 apiece.

Nirmal Bang has given a 'buy' on Eicher Motors for a target price of Rs 3,786 apiece.

“We expect demand to remain strong and drive volume growth going ahead in both domestic as well as export markets, leading to 21 per cent volume growth over FY22-FY25E,” said the brokerage.

3 Siemens Ltd 

Siemens Ltd shares rose over 2 per cent at Rs 3,898 apiece.

UBS has given a 'buy' on Siemens with a target price of Rs 4,500 apiece.

“Recent robust order intake by peers and encouraging commentary SIEM's leadership underscore our outlook on sector growth and SIEM in particular,” said the brokerage.

4 South Indian Bank 

South Indian Bank shares rose over 8 per cent at Rs 17.65 apiece.

ICICI Securities has given a ‘buy’ call on shares of South Indian Bank for a target price of Rs 18 apiece.

“We believe SIB is on the right path to build sustainable, scalable and profitable model under the leadership of Mr. Murali Ramakrishnan,” said the brokerage.

5 Zensar Technologies

Zensar Technologies stock climbed over 9 per cent at Rs 339.45 apiece after the company recorded a decent Q4 result.

6 Sona BLW 

Sona BLW’s shares declined over 2 per cent at Rs 536.05 apiece.

Yes Securities has given a ‘buy’ call on shares of Sona Blw Precision Forgings for a target price of Rs 575 apiece.

“We believe Sona should outperform the industry driven by i) strong EV orderbook (~73% mix), ii) increase in content/realization within existing products, iii) market share gains globally and iv) focus on new products like traction motors, controllers and BSG,” said the brokerage.

7 Hindalco

Hindalco stock declined over 3 per cent at Rs 405.8 apiece.

ICICI Direct has given a ‘buy’ call on shares of Hindalco for a target price of Rs 465 apiece.

“We value Hindalco at Rs 465, based on the Sum of the Parts Valuation,” said brokerage.

8 Hindustan Zinc Limited

Hindustan Zinc stock declined over 1 per cent at Rs 310.4 apiece.

Systematix has given a ‘buy’ call on shares of Hindustan Zinc for a target price of Rs 383 apiece.

“Hindustan Zinc trades at a dividend yield of 9-10% with an optionality of a) higher dividend payouts through increasing leverage at about 2x EBITDA which could result in an additional one-time payout of Rs 89/share, b) exposure to silver prices which have a tendency of significant price surges during stagflation, and c) higher valuation multiples due to rising share of silver EBITDA,” the brokerage said.

9 Power Grid 

Power Grid was among the top losers on Nifty50. Shares of Power Grid fell over 2 per cent at Rs 242.1 apiece.

Sharekhan has given a ‘buy’ rating with a target price of 265 rupees. 

“The government of India’s aim to expand its renewable power capacity to ~500GWby 2030 would require significant investments in power transmission infrastructure. We thus

remain optimistic of a pick-up in Power Grid’s capex/asset capitalisation and expect upsideto management FY24 asset capitalisation/capex guidance of Rs. 10,000 crore/Rs. 8,800 crore,” the brokerage said. 

10 BPCL

BPCL closed over 2 per cent lower on NSE at Rs 362.15 apiece and ended among the top losers on NSE.

Prabhudas Lilladher has given a ‘buy’ call on BPCL for a target price of Rs 420 apiece.

“OMCs are well placed to benefit from improving marketing and healthy refining profitability,” said the brokerage.

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