Gainers and Losers: Top 10 stocks that buzzed the most today
Gainers and Losers: Top 10 stocks that buzzed the most today
Gainers and Losers: Indian equity benchmark indices Sensex and Nifty found firmer ground on Friday after a three-session losing streak, propped up by buying in IT, tech and banking counters amid a positive trend overseas and unabated foreign fund inflows. BSE Sensex climbed 297.94 points or 0.48 per cent to settle at 61,729.68 helped by fag-end buying and NSE Nifty advanced 73.45 points or 0.41 per cent to end at 18,203.40.
Among the Nifty firms, Adani Ports, Adani Enterprises Tata Motors, Tech Mahindra and Infosys were the other major gainers.
Divi's Laboratories, Britannia, ONGC NTPC and Hero MotoCorp were among the laggards.
Here is a list of Top 10 stocks that buzzed the most today:
1 KEC International
KEC International shares rose over 9 per cent to end at Rs 527 apiece on NSE.
Nirmal Bang has given a 'buy' rating on KEC International with a target price of Rs 530 apiece.
“Strong order book and scalability potential in Railway & Civil segments are key positives. However, we believe that rising commodity prices will affect the margin profile of the company.,” the brokerage said in its report.
2 Ramco Cements
Ramco Cements shares surged over 7 per cent at Rs 841.95 apiece.
Anand Rathi has given a 'buy' rating on shares of Ramco Cements for a target of Rs 752 apiece.
"The expected upswing in infra and capacity ramp-up would boost volume growth," the brokerage said in its report.
3 Mastek Ltd
Mastek Ltd stock rose over 5 per cent to end at Rs 1879.8 apiece.
Sharekhan has given a 'hold' on Mastek with a target price of Rs 1,900 apiece.
“We believe the structural growth story for the Indian IT sector remains intact,” said the brokerage.
4 KEI Industries
KEI Industries shares rose nearly 5 per cent and ended at Rs 2,029.95 apiece.
Nuvama has given a 'buy' rating on KEI Industries with a target price of Rs 2,130 apiece.
“Given KEI’s strong track record, we now value the stock at 27x FY25E EPS (from 23x), leading to a revision in TP to INR2,130 (from INR1,900); retain ‘BUY’,” Nuvama said in its report.
5 Birlasoft Ltd
Birlasoft Ltd stock climbed over 4 per cent at Rs 333.8 apiece.
B&K Securities has given a ‘buy’ call on Birlasoft for a target price of Rs 350 apiece.
“Despite long-term structural tailwinds available, BSOFT’s higher exposure to the manufacturing industry, continuous subdued performance in the past few quarters may work as a near-term headwind,” said the brokerage.
6 Gland Pharma
Gland Pharma shares declined over 20 per cent at Rs 1065.6 apiece.
Brokerage firm Yes Securities has maintained a buy on Gland Pharma shares for a target price of Rs 1,720 apiece
"We also take this opportunity to introduce FY25 estimates and roll over target multiple. Given the expectation of growth disappointment, lack of near term triggers and a subpar acquisition in the form of Cenexi, lower target PE to 25x from 35x earlier and assign revised TP Rs1,720 (earlier Rs3,060)," the brokerage said.
7 Rites Ltd
Rites Ltd stock declined over 5 per cent at Rs 368.4 apiece.
IDBI Capital has maintained a ‘hold’ call on Rites Ltd for a target price of Rs 371 apiece.
“We have introduced FY25E financials and rolled forward TP to FY25E with revised TP of Rs371 (earlier Rs352),” said the brokerage.
8 Uno Minda
Uno Minda stock declined over 5 per cent at Rs 531.8 apiece.
Systematrix has maintained a ‘buy’ call on Uno Minda for a target price of Rs 641 apiece.
"We expect MNDA to deliver revenue/EBITDA/Profit after tax CAGR of 24 per cent/32 per cent/52 per cent over FY22-24E, respectively," the brokerage said.
9 NTPC
NTPC shares rose over 1 per cent at Rs 173.3 apiece.
Emkay Global Financial Services has given a ‘buy’ rating on NTPC shares with a target price of 200 rupees.
“Power demand in India has been on the upswing and, given the demand-supply dynamics, PLF of existing units is expected to rise from current levels,” the brokerage said.
10 Britannia
Britannia shares declined over 1 per cent at Rs 4,494 apiece.
Dalal and Broacha has given a 'buy' on Britannia with a target price of Rs 5,100 apiece.
"Necessary Price strategy will be taken to maintain market-share," the brokerage said.
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