Home / Thu 20 Jun 2024 Market Recap
20 Jun 2024: Nifty Closes at ₹23,580.5 (+0.27%) – HDFC Bank up for 7 days, Maruti Suzuki down for 6 days, Coromandel International on 11-day winning streak.
Show Table of Contents
Table of Contents
- 1: Top Indices Performance Overview
- 2: Nifty 50 Performance Overview
- 2.1: Nifty 50 Top Gainers
- 2.2: Nifty 50 Top Losers
- 2.3: Nifty 50 Stocks To Watch for Tomorrow
- 2.3.1: ➲ HDFC BANK (Looking Strong)
- 2.3.2: ➲ Maruti Suzuki (Bearish Trend)
- 3: Nifty 500 Performance Overview
- 3.1: Nifty 500 Top Gainers
- 3.2: Nifty 500 Top Losers
- 3.3: Nifty 51 to 500 Stocks To Watch for Tomorrow
- 3.3.1: Coromandel International: A Bullish Stock on the Rise
- 3.3.2: Finolex Industries/Pipe (Bearish Pattern)
- 4: Top Stocks That Created a New All Time High Today
- 4.1: Top Large Cap Stocks That Created a New All Time High Today
- 4.2: Top Mid Cap Stocks That Created a New All Time High Today
- 4.3: Top Small Cap Stocks That Created a New All Time High Today
Top Indices Performance Overview
| Stock | Close | Range |
|---|---|---|
| NIFTY 50 | ₹23,580.5 (0.27%) | ₹23,443.05 – ₹23622 |
| NIFTY BANK | ₹51,760.75 (0.7%) | ₹51,281.69 – ₹51,841.69 |
| NIFTY FIN SERVICE | ₹23,028.69 (0.36%) | ₹22,818.75 – ₹23,068.25 |
| NIFTY IT | ₹34,953.64 (0.07%) | ₹34,728.6 – ₹34,994.3 |
| NIFTY AUTO | ₹25,296.55 (-0.34%) | ₹25,201.65 – ₹25,496.75 |
| NIFTY ENERGY | ₹40809 (0.51%) | ₹40,287.35 – ₹40,914.25 |
Nifty 50 Performance Overview
The Nifty 50 kicked off the day at ₹23,569.05, showing some spunk as it navigated the market. It dipped to a low of ₹23,443.05 before rallying to a high of ₹23,622. A solid performance led to a close of ₹23,580.5, representing a gain of +0.27% for the day.
This movement was driven by a mix of top gainers and losers, a dynamic you can see in detail below.
Nifty 50 Top Gainers
| Stock | Close | Range |
|---|---|---|
| Hindalco | ₹677.65 (2.3%) | ₹662.34 – ₹684.29 |
| GRASIM | ₹2,501.1 (2.2%) | ₹2,432.5 – ₹2504 |
| UPL | ₹568.09 (1.93%) | ₹555.04 – ₹577.7 |
| JSW Steel | ₹931.29 (1.78%) | ₹911.5 – ₹937.95 |
| Bharat Petroleum | ₹626.54 (1.74%) | ₹612.79 – ₹628.79 |
Nifty 50 Top Losers
| Stock | Close | Range |
|---|---|---|
| Hero MotoCorp | ₹5,505.75 (-2.52%) | ₹5496 – ₹5,650.04 |
| Mahindra & Mahindra | ₹2,874.05 (-2.04%) | ₹2,857.3 – ₹2,954.35 |
| Sun Pharma | ₹1,476.94 (-1.8%) | ₹1,467.19 – ₹1485 |
| WIPRO | ₹490.39 (-1.09%) | ₹488.25 – ₹497.5 |
| NTPC | ₹358.79 (-1.03%) | ₹357.2 – ₹363.79 |
Nifty 50 Stocks To Watch for Tomorrow
➲ HDFC BANK (Looking Strong)
- Recent Performance: In the past 26 trading days, HDFC BANK has closed higher on 21 occasions. It’s been a positive trend overall!
- Hot Streak: HDFC BANK has been on a roll lately, closing higher for the past 7 days straight. The last time it closed lower was on Monday, June 10th, 2024.
- Returns: A ₹10,000 investment in HDFC BANK over the past 26 trading days would have grown to ₹11,421.99, giving you a 14.22% return.
- Financial Strength: Over the past year, HDFC BANK has generated a remarkable ₹2,28,837.94 Crore in revenue, while also generating a profit of ₹64,062.04 Crore. That’s a solid performance!
- Market Value: As of Thursday, June 20th, 2024, HDFC BANK has a market capitalization of ₹12,14,544.71 Crore.
- Summary: HDFC BANK is displaying a strong bullish pattern. Investors may want to keep a close eye on its price movements to see if it can maintain this momentum. Interested in potential future price targets? Check out our HDFC BANK Target for Tomorrow and HDFC BANK Targets for 2024 & 2025 pages for some insights.
HDFC BANK Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 12,14,544.71 Crore | Market valuation of HDFC BANK’s shares. |
| Revenue (TTM) | 2,28,837.94 Crore | Total revenue generated by HDFC BANK over the past twelve months. |
| Net Income (TTM) | +64,062.04 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 26.55% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 27.99% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +113.19% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +39.9% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 1.62 | Company’s total debt divided by total shareholder equity. |
| Total Debt | 7,30,615.46 Crore | Sum of HDFC BANK’s current & long-term financial obligations. |
| Total Cash | 2,28,834.51 Crore | Total amount of liquid funds available to HDFC BANK. |
| Beta | 0.81 | Beta is less than 1 indicating that the HDFC BANK’s price is less volatile than the market. |
➲ Maruti Suzuki (Bearish Trend)
- Performance Overview: In the last 26 trading days, Maruti Suzuki closed lower 17 times and higher 9 times.
- Recent Trend: Maruti Suzuki has been on a downward trend for the past six days, closing lower each day since Tuesday, June 11, 2024.
- Returns: Maruti Suzuki has generated a return of -5.12% over the last 26 trading days. This means an investment of ₹10,000 would be worth ₹9,488 today.
- Financial Insight: Over the past 12 months, Maruti Suzuki generated revenue of ₹1,41,858.2 Crore and a profit of ₹13,488.2 Crore.
- As of Thursday, June 20, 2024, Maruti Suzuki has a Market Capital of ₹4,03,856.94 Crore.
- Summary: Maruti Suzuki is currently experiencing a bearish trend. Investors should keep a close eye on its performance, especially its potential price movement for tomorrow and its projected price targets for 2024 and 2025.
Maruti Suzuki Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 4,03,856.94 Crore | Market valuation of Maruti Suzuki’s shares. |
| Revenue (TTM) | 1,41,858.2 Crore | Total revenue generated by Maruti Suzuki over the past twelve months. |
| Net Income (TTM) | +13,488.2 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 10.19% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 9.5% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +20% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +48% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 0.13 | Company’s total debt divided by total shareholder equity. |
| Total Debt | 118.6 Crore | Sum of Maruti Suzuki’s current & long-term financial obligations. |
| Total Cash | 6,735.3 Crore | Total amount of liquid funds available to Maruti Suzuki. |
| Beta | 0.59 | Beta is less than 1 indicating that the Maruti Suzuki’s price is less volatile than the market. |
Nifty 500 Performance Overview
The Nifty 500 started the day at ₹22,288.8, showing a bit of a roller coaster ride. It dipped to a low of ₹22,182.19 but then climbed back up, hitting a high of ₹22,333.19. In the end, it closed at ₹22,313.84, up a modest +0.4% for the day.
Let’s take a look at the top gainers and losers that shaped the Nifty 500’s movement today.
Nifty 500 Top Gainers
| Stock | Close | Range |
|---|---|---|
| RCF | ₹222.25 (19.99%) | ₹184.33 – ₹222.25 |
| Fertilisers & Chemicals Travancore | ₹1,090.33 (19.99%) | ₹897 – ₹1,090.33 |
| C.E. Info Systems | ₹2,409.64 (19.99%) | ₹2,156.94 – ₹2,409.64 |
| Chambal Fertilizers | ₹557.15 (19.14%) | ₹465.5 – ₹561.15 |
| Deepak Fertilisers | ₹723 (12%) | ₹638.15 – ₹749.95 |
Nifty 500 Top Losers
| Stock | Close | Range |
|---|---|---|
| PNB Housing Finance | ₹794.2 (-5.23%) | ₹790.15 – ₹808.9 |
| Hitachi Energy | ₹10963 (-4.02%) | ₹10950 – ₹11,535.9 |
| Alok industries | ₹28.46 (-3.6%) | ₹28.37 – ₹29.58 |
| Tube Investments of India | ₹4,213.39 (-3.32%) | ₹4172 – ₹4,344.14 |
| Power Finance Corporation | ₹482.5 (-3.31%) | ₹477.79 – ₹495 |
Nifty 51 to 500 Stocks To Watch for Tomorrow
Coromandel International: A Bullish Stock on the Rise
- Performance Overview: Over the last 26 trading days, Coromandel International closed higher 19 times and lower 7 times. This suggests a positive trend.
- Recent Trend: Coromandel International has been on a roll! It’s enjoyed an impressive 11-day winning streak, with no closing losses since Tuesday, June 4th, 2024.
- Returns: Coromandel International has delivered impressive returns! In the past 26 trading sessions, a ₹10,000 investment would have grown to ₹13,267, representing a 32.67% gain.
- Financial Insight: Coromandel International has shown financial strength. In the past 12 months, it generated ₹22,058.39 Crore in revenue and earned a profit of ₹1,642.19 Crore.
- As of Thursday, June 20th, 2024, Coromandel International boasts a Market Capital of ₹44,407.58 Crore.
- Summary: Coromandel International is displaying strong bullish characteristics. Investors should keep a close eye on its price movements for both short-term and long-term growth opportunities: Checkout Coromandel International Target for Tomorrow and Coromandel International Targets for 2024 & 2025.
Coromandel International Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 44,407.58 Crore | Market valuation of Coromandel International’s shares. |
| Revenue (TTM) | 22,058.39 Crore | Total revenue generated by Coromandel International over the past twelve months. |
| Net Income (TTM) | +1,642.19 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 5.36% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 7.44% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | -28.5% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -35% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 5.2 | Company’s total debt divided by total shareholder equity. |
| Total Debt | 492.12 Crore | Sum of Coromandel International’s current & long-term financial obligations. |
| Total Cash | 3,481.54 Crore | Total amount of liquid funds available to Coromandel International. |
| Beta | 0.4 | Beta is less than 1 indicating that the Coromandel International’s price is less volatile than the market. |
Finolex Industries/Pipe (Bearish Pattern)
- Performance Overview: Over the last 26 trading days, Finolex Industries/Pipe has closed lower 14 times and higher 12 times. This suggests a slight downward trend in the stock’s price during this period.
- Recent Trend: Finolex Industries/Pipe has been on a downward trend for the last 8 days, with the stock closing lower every day since Friday, June 7, 2024.
- Returns: While Finolex Industries/Pipe has experienced some downward movement recently, it still managed to yield a return of 8.59% over the last 26 trading days. This means that an investment of ₹10,000 would have grown to ₹10,859.
- Financial Insight: Coromandel International, a related company, has performed well financially. Over the past 12 months, it generated ₹4,317.43 Crore in revenue and earned a profit of ₹473.59 Crore.
- As of Thursday, June 20, 2024, Coromandel International had a Market Capital of ₹20,528.92 Crore.
- Summary: Finolex Industries/Pipe is currently showing signs of a bearish trend. This means that the stock might continue to go down in the near term. We advise investors to carefully monitor the stock’s performance, especially considering its potential target price for tomorrow and the projected targets for 2024 and 2025.
Finolex Industries/Pipe Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 20,528.92 Crore | Market valuation of Finolex Industries/Pipe’s shares. |
| Revenue (TTM) | 4,317.43 Crore | Total revenue generated by Finolex Industries/Pipe over the past twelve months. |
| Net Income (TTM) | +473.59 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 14.75% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | 10.96% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) | +8.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | -1.4% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio | 6.99 | Company’s total debt divided by total shareholder equity. |
| Total Debt | 393.95 Crore | Sum of Finolex Industries/Pipe’s current & long-term financial obligations. |
| Total Cash | 1,936.79 Crore | Total amount of liquid funds available to Finolex Industries/Pipe. |
| Beta | 0.73 | Beta is less than 1 indicating that the Finolex Industries/Pipe’s price is less volatile than the market. |
Top Stocks That Created a New All Time High Today
Top Large Cap Stocks That Created a New All Time High Today
Companies with Market Capital more than 20,000 Crores| Stock | Close | New All-Time High (ATH) | Previous ATH | Previous ATH Date |
|---|---|---|---|---|
| BASF | 5225.79 (+6.47%) | 5288.79 (+%) | Thu 01 Jan 1970 | |
| Bharat Forge | 1800.19 (+5.68%) | 1800.69 (+%) | Thu 01 Jan 1970 | |
| Carborundum | 1749.05 (-2.88%) | 1839.09 (+35.26%) | 1359.59 | Wed 03 Apr 2024 |
| Coromandel International | 1643.80 (+4.49%) | 1687.94 (+%) | Thu 01 Jan 1970 | |
| Dixon Technologies | 11481.45 (+1.27%) | 11578.09 (+45.03%) | 7983.00 | Fri 12 Apr 2024 |
Top Mid Cap Stocks That Created a New All Time High Today
Companies with Market Capital between 5,000 Crores to 20,000 Crores| Stock | Close | New All-Time High (ATH) | Previous ATH | Previous ATH Date |
|---|---|---|---|---|
| Ashoka Buildcon | 245.00 (+10.29%) | 246.49 (+%) | Thu 01 Jan 1970 | |
| ASK Automotive | 362.04 (+4.26%) | 371.79 (+%) | Thu 01 Jan 1970 | |
| Aurionpro Solutions | 2869.30 (-2.93%) | 3030.00 (+12.87%) | 2684.45 | Mon 01 Apr 2024 |
| Azad Engineering | 1927.44 (-2.75%) | 2080.00 (+%) | Thu 01 Jan 1970 | |
| BECTORFOOD | 1500.00 (+3.99%) | 1565.94 (+%) | Thu 01 Jan 1970 |
Top Small Cap Stocks That Created a New All Time High Today
Companies with Market Capital less than 5,000 Crores| Stock | Close | New All-Time High (ATH) | Previous ATH | Previous ATH Date |
|---|---|---|---|---|
| Aayush Food and Herbs | 295.35 (+2.19%) | 295.35 (+21.86%) | 242.35 | Thu 25 Apr 2024 |
| ACGL | 2480.00 (+0.34%) | 2540.00 (+%) | Thu 01 Jan 1970 | |
| ADC India Communications | 1614.00 (+6.18%) | 1650.00 (+%) | Thu 01 Jan 1970 | |
| Abans Holdings | 484.89 (+0.04%) | 498.89 (+14.52%) | 435.60 | Wed 10 Apr 2024 |
| Ahmedabad Steelcraft | 91.70 (+1.99%) | 91.70 (+%) | Thu 01 Jan 1970 |
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