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

Gainers and Losers: Indian benchmark indices Sensex and Nifty declined for a second straight day on Wednesday due to intense selling in IT, banking, and tech stocks amid a mixed trend in global equities. BSE Sensex declined 371.83 points or 0.60 per cent to close at 61,560.64 after a flat start and NSE Nifty declined 104.75 points or 0.57 per cent to settle at 18,181.75.

Among the Nifty firms, Hero MotoCorp, ITC, IndusInd Bank, UPL, and Bharati Airtel were the major gainers.

In contrast, Kotak Mahindra Bank, Apollo Hospitals, SBI Life Insurance, TCS and HCL Technologies were the laggards.

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

1 Jubilant Foodworks 

Jubilant Foodworks shares rose over 4 per cent to end at Rs 484 apiece on NSE.

Phillip Capital has given a 'buy' rating on Jubilant Foodworks with a target price of Rs 500 apiece.

“Jubilant Foodworks is targeting 6 per cent to 8 per cent like for like growth over the medium to long term via menu innovation, improving price value proposition and enhancing focus on customer loyalty programme,” the brokerage said in its report.

2 Amber Enterprises India 

Amber Enterprises India shares surged over 14 per cent at Rs 2153.15 apiece.

Way to Wealth Broker has given a 'buy' rating on shares of Amber Enterprises for a target of Rs 2,380/2,400 apiece.

"As India moves away from import of electronics to domestic manufacturing, we are likely to witness a paradigm shift in the growth of its home-grown EMS (electronics manufacturing
services) companies," the brokerage said in its report.

3 Hero MotoCorp

Hero MotoCorp stock rose over 1 per cent to end at Rs 2,722 apiece.

Sharekhan has given a 'buy' on Hero MotoCorp with a target price of Rs 3,006 apiece.

“We factor 15.4 per cent earning CAGR over FY23-25E, its aggressive plans for EV segment, new product launch, EBITDA margin expansion, and healthy dividend pay-out,” said the brokerage.

4 IndusInd Bank

IndusInd Bank shares rose nearly 1 per cent and ended at Rs 1,232 apiece.

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.

5 ITC

ITC stock climbed nearly 1 per cent at Rs 428.05 apiece.

Sharekhan has given a ‘buy’ call on ITC for a target price of Rs 450 apiece.

“Going ahead, non-cigarette FMCG business is expected to grow in double digits and its OPM (10% in Q3) is expected to consistently improve, while the hotel business will benefit from strong industry tailwinds in the coming years,” said the brokerage.

6 PVR Inox Ltd

PVR Inox Ltd shares declined over 4 per cent at Rs 1364.4 apiece. 

Brokerage firm CLSA has maintained a buy on PVR Inox shares for a target price of Rs 2,015 apiece

The brokerage believes that Hindi movies content is under-delivering has cut the forecast cut to the lower end of the guidance.

7 Devyani International 

Devyani International stock declined over 4 per cent at Rs 174 apiece.

JM Financial has given a ‘buy’ call on Devyani International for a target price of Rs 195 apiece.

“We expect Devyani to emerge as the fastest-growing player in our QSR coverage universe. Valuation premium to peers is justified,” said the brokerage.

8 SBI Life Insurance

SBI Life Insurance stock declined over 1 per cent at Rs 1,161.25 apiece.

Phillip Capital has maintained a ‘buy’ call on SBI Life Insurance for a target price of Rs 1,700 apiece.

"We remain positive on the long-term growth opportunity for SBI Life," the brokerage said.

9 Exide industries

Exide Industries shares rose over 5 per cent at Rs 205.4 apiece.

Julius Baer has given a ‘buy’ rating on Exide Industries shares with a target price of 215 rupees. 

“The domestic battery industry is likely to witness better trends, with an expected cyclical recovery in the auto sector, pick-up in industrial activity/capex cycle, and continuing healthy demand in the replacement market,” the brokerage said. 

10 LIC Housing Finance 

LIC Housing Finance shares declined over 6 per cent at Rs 370.75 apiece.

Quantum Securities has given a 'buy' on LIC Housing Finance with a target price of Rs 512 apiece.

"In the near to medium term, the resolution process of developer loans, credit costs, and growth traction will be monitorable," the brokerage said. 

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