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

Gainers and Losers: BSE Sensex declined 413.24 points or 0.66 per cent to settle at 61,932.47. Here's what brokerages recommend

Gainers and Losers: Here are top 10 stocks that buzzed the most during the day, image -PTI

Gainers and Losers: Indian Benchmark equity indices ended lower on Tuesday snapping two days rally streaks, dragged down by index majors HDFC twins and Reliance Industries.

BSE Sensex declined 413.24 points or 0.66 per cent to settle at 61,932.47 even after beginning the trade on a firm note and Nifty went lower by 112.35 points or 0.61 per cent to end at 18,286.50.

Among the Nifty firms, Kotak Mahindra Bank, Tata Motors, Mahindra and Mahindra (M&M), Apollo Hospitals, and Maruti Suzuki were the biggest laggards.

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Kotak Mahindra Bank, BPCL, Coal India, Bajaj Finance, and NTPC were among the major gainers.

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

1 Astral Ltd

Astral Ltd shares rose over 6 per cent to end at Rs 1,692 apiece on NSE.

ICICI Securities has given a 'buy' rating on Astral Ltd with a target price of Rs 2,295 apiece.

“We believe pipe volume growth will likely be strong in H2FY23, driven by PVC price stabilisation, pent-up demand and re-stocking by dealers,” the brokerage said in its report.

2 PB Fintech

PB Fintech shares rose over 4 per cent at Rs 625 apiece.

Ambit Capital has given a 'buy' rating on shares of PB Fintech

3 Lemon Tree Hotels

Lemon Tree Hotels stock rose nearly 5 per cent to end at Rs 94.45 apiece.

Dalal & Broacha Stock Broking has given a 'buy' on Lemon Tree Hotels with a target price of Rs 121 apiece.

“Taking into consideration of a strong pipeline of rooms with higher weightage on managed rooms, tailwinds in the sector like G20, ICC World Cup, leading to higher ARRs and Occupancy, we expect Lemon Tree to command a premium over the average valuation of the industry,” said the brokerage.

4 Mazagon Dock

Mazagon Dock shares rose over 7 per cent and ended at Rs 813.1 apiece.

ICICI Direct has given a ‘hold’ call on Mazagon Dock for a target price of Rs 1,025 apiece.

“We expect Mazagon Dock to deliver earnings CAGR of 24 per cent in FY22-24E led by 18 per cent revenue CAGR (on better execution) and sustainable margins,” said the brokerage.

5 Birlasoft Ltd

Birlasoft Ltd stock climbed over 6 per cent at Rs 327.4 apiece.

B&K Securities has given a ‘buy’ call on Birlasoft Ltd for a target price of Rs 350 apiece.

“Despite long-term structural tailwinds available, Birlasoft'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 Zensar Technologies

Zensar Technologies shares declined over 8 per cent at Rs 352.45 apiece after rallying for three trading sessions.

7 Jubilant Ingrevia

Jubilant Ingrevia stock declined over 5 per cent at Rs 397 apiece.

Prabhudas Lilladher has given a ‘buy’ call on shares of Jubilant Ingrevia for a target price of Rs 900 apiece.

“We believe Jubilant Ingrevia is well placed to capitalize on long-term growth opportunities,” said the brokerage.

8 Apollo Hospitals

Apollo Hospitals’ stock declined over 2 per cent at Rs 4,555.7 apiece.

Motilal Oswal has given a ‘buy’ call on Apollo Hospitals for a target price of Rs 5,580 apiece.

Brokerage sees a better outlook on profitability for Apollo Hospitals over the next two years as compared to peers.

9 Mahindra and Mahindra (M&M)

M&M shares declined over 1 per cent at Rs 1,265 apiece.

Motilal Oswal has given a ‘buy’ rating with a target price of 1,525 rupees.

“We reiterate our BUY rating as we still expect 20% EPS CAGR and 2pp RoCE improvement over FY23-25, along with attractive valuations,” the brokerage said.