Stock Market Alert: Must-Watch Stocks Set to Skyrocket on May 23, 2024

Top Trending Stocks in Indian Stock Market to Invest In on May 23, 2024

Lupin Ltd

Rs.1,639.00/-

Lupin Ltd Resolves Glumetza Litigation

• Litigation Settlement: Lupin Ltd has resolved its ongoing litigation over Glumetza, agreeing to pay $9 million to Health Care Service Corporation and Humana Inc., signaling a significant step towards mitigating legal risks and potential financial liabilities.
• Stock Performance: Despite the settlement, Lupin’s stock has risen by 2.14% today, reflecting positive market sentiment and investor confidence.
• Impressive Annual Returns: Over the past year, LUPIN has delivered an outstanding 120.87% return, showcasing its robust performance and potential for continued growth amidst legal challenges.

Garden Reach Shipbuilders & Enginers Ltd

Rs.1,398.45/-

GRSE’s Impressive Q4 Performance and Future Growth

• Robust Revenue Growth: Garden Reach Shipbuilders & Engineers Ltd (GRSE) achieved a significant milestone, with Q4 FY24 revenue surpassing ₹1,000 crore, marking a 69% year-over-year increase.
• Soaring EBITDA: The company’s EBITDA surged to ₹90.5 crore, more than tripling from just over ₹20 crore in the same quarter last year, indicating improved operational efficiency and profitability.
• Positive Outlook: Management remains optimistic about future growth, supported by ongoing projects currently in their maximum revenue recognition phase.
• Exceptional Returns: GRSE has delivered an outstanding 911.54% return over the past five years, underscoring its strong financial performance and growth potential.

Hindustan Zinc Ltd

 Rs.728.95/-

Hindustan Zinc Ltd Reaches New Heights Amid Market Caution

• Record-Breaking Performance: Hindustan Zinc Ltd, primarily owned by Vedanta, achieved an all-time high on BSE for the second consecutive day, reflecting strong market momentum and investor interest.
• Significant Stock Gains: The stock has surged over 90% in the last month, marking gains in eight out of the last nine trading sessions, demonstrating robust short-term performance.
• Analyst Sentiment: Despite the recent surge, most analysts remain bearish on Hindustan Zinc, suggesting potential market overvaluation or future uncertainties.
• Impressive Annual Returns: HINDZINC has delivered an impressive 151.11% return over the past year, showcasing its strong performance and attractiveness to investors.

Sun Pharmaceutical Industries Ltd

 Rs.1,492.45/-

Sun Pharma’s Impressive Q4 Performance and Investor Returns

• Strong Q4 Results: Sun Pharmaceuticals Industries Ltd reported a net profit of ₹2,654.58 crore for Q4, marking a 33.8% year-over-year increase, highlighting its robust financial health and operational efficiency.
• US Sales Growth: The company’s US sales surged nearly 11.9% to ₹3,954 crore, driven by specialty complex drugs like Ilumya, which is used to treat chronic skin conditions, showcasing its product innovation and market demand.
• Dividend Proposal: Sun Pharma’s board has proposed a final dividend of ₹5 per equity share for FY24, indicating strong shareholder returns and confidence in future performance.
• Annual Returns: SUNPHARMA has delivered a solid 65.23% return over the past year, reflecting its strong market performance and investor appeal.

HEG Ltd

Rs.2,427.55/-

HEG Ltd Announces Strategic Demerger and Merger Amid Profit Decline

• Profit and Revenue Drop: HEG Ltd reported a significant decline in net profit, down 67% year-over-year to ₹32.9 crore, with revenue decreasing by 11.3% to ₹546.9 crore in March 2024, indicating financial challenges.
• EBITDA Margin Decrease: The company’s EBITDA margin fell sharply from 20% last year to 7.8% this year, reflecting decreased operational efficiency.
• Strategic Restructuring: HEG Ltd has approved the demerger of its graphite business into a new entity and plans to merge Bhilwara Energy into HEG Limited, aiming to streamline operations and enhance focus.
• Stock Performance: Despite recent financial setbacks, HEG has delivered a notable 129.6% return over the past year, showcasing resilience and investor confidence.

GE Power India Ltd

 Rs.364.30/-

 GE Power India Ltd’s Turnaround in Q4 FY24

• Return to Profitability: GE Power India Ltd reported a consolidated net profit of ₹25.94 crore in Q4 FY24, a significant improvement from a loss of ₹129.7 crore in the previous year, indicating a strong turnaround.
• Improved EBITDA: The company achieved an EBITDA margin of 9.3% for Q4 FY24, a notable recovery from a negative 29% in the same period last year, reflecting better operational efficiency.
• Revenue Growth: Revenue from operations increased by 13.43% year-over-year to ₹390.76 crore in Q4 FY24, showcasing positive business momentum.
• Strong Annual Returns: GEPIL has delivered an impressive 194.76% return over the past year, highlighting its robust performance and investor confidence.

Teamlease Services Ltd

Rs.3,208.10/-

TeamLease Services Reports Growth in Sales and Profit

• Sales and Profit Growth: TeamLease Services saw a 23.56% year-over-year increase in net sales for March 2024, while quarterly net profit rose by 8.48% year-over-year, indicating solid business expansion.
• EBITDA Slight Decline: The company’s EBITDA for March 2024 stood at ₹34.26 crore, a slight decrease of 0.75% from the previous year, reflecting stable yet slightly pressured operational margins.
• Employee Expansion: Despite a quarter-over-quarter decline in PAT and total revenue, TeamLease added 10,000 employees in Q4 FY24, showcasing its commitment to growth and scaling operations.
• Investor Returns: TEAMLEASE has delivered a 58.39% return over the past year, demonstrating strong performance and investor appeal.

Power Grid Corporation of India Ltd

Rs.316.05/-

Power Grid Corporation’s Q4FY24 Financial Performance Overview

• Net Profit Decline: Power Grid Corporation reported a nearly 4% dip in consolidated net profit, amounting to ₹4,166.33 crore in Q4FY24, indicating financial pressure despite overall operational stability.
• Dividend Announcement: The board has recommended a final dividend of ₹2.75 per share for FY23-24, subject to shareholder approval, reflecting the company’s commitment to returning value to its shareholders.
• Marginal Revenue Drop: The company’s total income slightly decreased to ₹12,305.39 crore in Q4FY24, showing a marginal decline in revenue generation.

Annual Returns: POWERGRID has provided an impressive 85.53% return over the past year, highlighting its strong performance and attractiveness to investors.

GMM Pfaudler Ltd.

Rs.1,324.70/-

GMM Pfaudler’s Mixed Financial Performance in March 2024

• Decline in Profit and Revenue: GMM Pfaudler experienced a 14% year-over-year decline in both net profit and revenue, falling to ₹28.7 crore and ₹740.7 crore, respectively, in March 2024.
• EBITDA and Margin: EBITDA dropped by 3.9% to ₹90.7 crore, although the EBITDA margin improved from 10.9% to 12.3%, indicating better cost management.
• Order Backlog and Intake: The company has a substantial order backlog of ₹1,689 crore, with order intake up 14% sequentially to ₹861 crore, showing strong future business prospects.
• Annual Performance: Despite recent challenges, GMMPFAUDLR has seen a slight negative return of -5.42% over the last year.

Gland Pharma Ltd

Rs.1,871.95/-

Gland Pharma’s Impressive Q4FY24 Performance

• Significant Profit Growth: Gland Pharma’s Q4FY24 net profit more than doubled year-over-year, reaching ₹192.42 crore, reflecting robust financial health and operational efficiency.
• Revenue Surge: The company’s revenue nearly doubled to ₹1,537.45 crore compared to the previous year, showcasing substantial business expansion and market demand.
• Dividend Announcement: The board has recommended a first-ever post-listing dividend of ₹20 per share for FY23-24, highlighting confidence in sustained profitability and shareholder value.
• Annual Returns: GLAND has delivered an impressive 90.47% return over the past year, emphasizing its strong market performance and attractiveness to investors.

PG Electroplast Ltd

 Rs.2,469.00/-

 PG Electroplast’s Stellar Q4 Performance and Stock Split

• Impressive Profit and Revenue Growth: PG Electroplast reported a remarkable 73.1% year-over-year surge in net profit to ₹69.6 crore, accompanied by a substantial 30% increase in revenue to ₹1,076.6 crore for Q4.
• Business Segment Expansion: The company’s product business expanded by 25%, contributing 72% to the total revenue, indicating strong operational performance and market demand.
• Forward Guidance: PG Electroplast announced a 1:10 stock split and anticipates revenue of ₹3,400 crore in FY25, with planned capital expenditure between ₹370-380 crore, showcasing confidence in future growth prospects.
• Exceptional Long-term Returns: PGEL has delivered an outstanding 3369.53% return over the past five years, underscoring its consistent growth and investor value creation.

Rail Vikas Nigam Ltd

Rs.372.50/-

RVNL Stock Reaches New Heights with Impressive Gains

• All-Time High: Rail Vikas Nigam Ltd (RVNL) stock reached an all-time high of ₹359.00 on BSE, reflecting strong market confidence and robust demand.
• Multibagger Returns: The stock has delivered substantial returns to investors over the past one to three years, marking it as a multibagger investment.
• Recent Surge: The recent spike in RVNL’s stock price is attributed to a significant order from the Southern Eastern Railway, boosting investor sentiment.
• Long-term Performance: RVNL has provided an astounding 1034.22% return over the last three years, showcasing its exceptional growth trajectory and investor appeal.

Goldiam International Ltd.

Rs.173.50/-

Goldiam International’s Mixed Q4 Performance

• Sales Growth: Goldiam International’s net sales for March 2024 surged by 59.47% year-over-year to ₹104.37 crore, indicating strong market demand.
• Profit Decline: The quarterly net profit fell by 16.59% from the same period last year, reaching ₹8.78 crore, reflecting some financial pressures.
• EPS Decrease: Earnings per share (EPS) decreased to ₹0.82 in March 2024 from ₹0.97 in March 2023, highlighting a drop in profitability per share.
• Long-term Returns: GOLDIAM has delivered impressive 720.78% returns over the past five years, showcasing its strong long-term growth potential.

Unichem Laboratories Ltd

Rs.550.00/-

Unichem Laboratories Faces Q4 Financial Challenges

• Increased Net Loss: Unichem Laboratories reported a consolidated net loss of ₹129.31 crore in Q4 FY24, a significant increase from ₹44.27 crore YoY, indicating escalating financial difficulties.
• Exceptional Loss: The company incurred an exceptional loss of ₹125.62 crore due to provisions for a European Commission fine, impacting the overall financial performance.
• Annual Performance: Despite the Q4 challenges, Unichem posted a consolidated net loss of ₹70.47 crore for FY24, an improvement compared to a net loss of ₹202.23 crore in FY23.
• Stock Performance: UNICHEMLAB has delivered a 52.49% return over the past year, demonstrating resilience and investor confidence despite financial setbacks.

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