Stock Market Update: 3 Most Active Equities Today, Upto 15% 5-Days Gain: Reasons Behind Surge

The Indian equity markets remain green today on July 21. Nifty Closed at 16,605.25 points with a 0.51% gain, and Sensex closed at 55,681.95 points with a 0.51% gain. Here, the three most active equities have been enlisted for investment.

Indusind Bank Ltd

The current market price of Indusind Bank Ltd. closed at Rs. 950.50/share on NSE, gaining marginally by 8.10%, on July 21. In the last 5 days the share price of this company has sharply surged by 15.24% on NSE, in the last 1 month its share price has gained by 22.23%. However, in the last 1 year, it has fallen by 4.20%. The 52-week high level of this stock is Rs. 1,242, and the 52-week-low level of this stock is Rs. 763.20.

It is a large-cap stock with a market capitalization of Rs. 73,487 crore. The bank is now giving a dividend of Rs. 8.5 per share, and its ex-dividend date will be August 11, 2022. Additionally, it has reported a 60% YoY gain in its net profit, so its share price is rising. Motilal Oswal recommends buying the stocks with a target price of Rs. 1300.

Samvardhana Motherson International Ltd.

The current market price of Samvardhana Motherson closed at Rs. 134.80/share on NSE, gaining marginally by 6.52%, on July 21. In the last 5 days the share price of this company has sharply surged by 13.09% on NSE, in the last 1 month its share price has gained by 16.61%. However, in the last 1 year, it has fallen by 43.16%. The 52-week high level of this stock is Rs. 257.80, and the 52-week-low level of this stock is Rs. 112.

It is a large-cap stock with a market capitalization of Rs. 60,739 crore. Last month the company reported a 10% YoY gain in revenues to Rs. 1,662 crore in Q4 FY22. After a de-merger, Motherson Sumi Systems Limited has been changed to Samvardhana Motherson International Ltd. now. The stock is now trading at a near 52-week low, expecting high returns, now the volumes are also gaining. It has been one of the most active equities today.

Bharat Heavy Electricals Ltd.

The current market price of Bharat Heavy Electricals closed at Rs. 53.80/share on NSE, gaining marginally by 6.01%, on July 21. In the last 5 days the share price of this company has sharply surged by 9.57% on NSE, in the last 1 month its share price has gained by 23.25%. However, in the last 1 year, it has fallen by 16.65%. The 52-week high level of this stock is Rs. 80.35, and the 52-week-low level of this stock is Rs. 41.40.

It is a mid-cap stock with a market capitalization of Rs. 18,612 crore. However, Bharat Heavy Electricals had Rs. 47.5b of debt, in March 2022, according to an available report. In a recent article simplywall.st mentioned, "It is clearly positive to see that it has net cash of Rs. 24.1b. The cherry on top was that it converted 116% of that EBIT to free cash flow, bringing in Rs. 4.9b. So although we see some areas for improvement, we're not too worried about Bharat Heavy Electricals's balance sheet."

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage firm are not liable for any losses caused as a result of decisions based on the article. This article only incorporates the recent stock-related information about the companies.