Discover which stocks gained the most and why they’re positioned for continued success

September 26, 2024, was an eventful day in the stock market, with several stocks showing impressive performance across various sectors. Investors saw significant gains in industries ranging from finance and engineering to healthcare and consumer goods. This article takes a detailed look at the best-performing stocks on that day, highlighting their price movements, the percentage gains, and the sectors they belong to.

Here are the top performers that stood out on September 26, 2024.

1. 360 ONE WAM (Finance – Others)

Price: ₹1,098.05

Gain: ₹63.65

Percentage Change: +6.15%

360 ONE WAM had the best performance on September 26, 2024, within the financial sector. The stock saw a significant jump of 6.15%, with a gain of ₹63.65. This surge can be attributed to strong earnings reports and positive investor sentiment surrounding the financial services company. The finance sector has shown resilience, with companies like 360 ONE WAM capitalizing on market recovery and growth in wealth management services.

2. Swan Energy (Trading)

Price: ₹602.05

Gain: ₹34.35

Percentage Change: +6.05%

Swan Energy also delivered strong gains, rising by 6.05%. With a price increase of ₹34.35, the company benefited from growing demand in the trading sector. Investors are increasingly looking at companies in this space as the global economy rebounds, and Swan Energy is capitalizing on these favorable market conditions. The company’s focus on sustainable energy projects has also attracted environmentally conscious investors.

3. Easy Trip (Travel Services)

Price: ₹36.36

Gain: ₹2.04

Percentage Change: +5.94%

Easy Trip, a player in the travel services sector, continued its upward trend with a 5.94% rise. The stock gained ₹2.04, reflecting the ongoing recovery in the travel industry. The post-pandemic surge in tourism has benefited companies like Easy Trip, which has successfully leveraged increased consumer demand for travel services. Their focus on digital transformation has also made the company more efficient, driving investor confidence.

4. Elecon Engineering (Engineering – Heavy)

Price: ₹698.75

Gain: ₹35.15

Percentage Change: +5.3%

Elecon Engineering, a key player in the heavy engineering sector, witnessed a 5.3% increase, gaining ₹35.15 on September 26, 2024. The company has seen rising demand for its products, particularly in industrial gear and material handling equipment. The surge can be attributed to robust orders from infrastructure and construction projects, as well as expanding export markets. Elecon Engineering’s focus on innovation and sustainability has also bolstered its market position.

5. Vedanta (Mining & Minerals)

Price: ₹501.70

Gain: ₹21.85

Percentage Change: +4.55%

Vedanta, a leading company in the mining and minerals sector, saw a 4.55% gain, with its stock rising by ₹21.85. The company continues to benefit from rising commodity prices, particularly in metals such as aluminum and zinc. Global demand for raw materials, driven by infrastructure development and manufacturing growth, has contributed to Vedanta’s strong performance. Vedanta has also focused on sustainable mining practices, which has attracted long-term investors.

6. Tata Motors DVR (Auto Ancillaries)

Price: ₹768.65

Gain: ₹33.35

Percentage Change: +4.54%

Tata Motors DVR, a prominent player in the auto ancillary sector, recorded a 4.54% rise, with a price increase of ₹33.35. The company’s strong performance can be linked to increased vehicle sales and expansion into electric vehicle (EV) technology. Tata Motors DVR’s growth in the ancillary market, particularly in supplying critical components for EVs, has positioned the company as a key player in the automotive industry. Investors are optimistic about its long-term prospects as the world shifts towards cleaner energy solutions.

7.  Lloyds Metals (Steel – Sponge Iron)

Price: ₹912.75

Gain: ₹39.10

Percentage Change: +4.48%

Lloyds Metals, a producer of sponge iron in the steel industry, delivered a 4.48% gain, with its stock rising by ₹39.10. This increase reflects the rising demand for steel products in infrastructure projects across India and globally. Sponge iron, a key input for steel production, has seen increased demand due to construction activity, which has pushed up Lloyds Metals’ stock. The company’s efficient production processes and focus on environmental sustainability have also added to its appeal.

8. Prism Johnson (Cement – Major)

Price: ₹221.88

Gain: ₹9.22

Percentage Change: +4.34%

Prism Johnson, a leading player in the cement industry, saw a 4.34% gain on September 26, 2024. With a price increase of ₹9.22, the company continues to benefit from increased demand for cement due to infrastructure development and housing projects. Prism Johnson’s focus on sustainability and the production of eco-friendly cement has enhanced its market position, making it an attractive investment for those focused on long-term growth in the construction sector.

9. Blue Star (Consumer Goods – White Goods)

Price: ₹2,136.45

Gain: ₹85.05

Percentage Change: +4.15%

Blue Star, a leading manufacturer of air conditioning and refrigeration products, gained 4.15%, with its stock increasing by ₹85.05. The company’s strong performance is driven by growing demand for consumer goods, particularly energy-efficient air conditioners and refrigerators. Blue Star has also expanded its product offerings in the commercial sector, making it a dominant player in both consumer and business markets. Investors see potential in Blue Star’s ability to adapt to changing consumer preferences and rising environmental standards.

10. Maruti Suzuki (Auto – Cars & Jeeps)

Price: ₹13,306.00

Gain: ₹520.70

Percentage Change: +4.07%

Maruti Suzuki, the largest car manufacturer in India, recorded a 4.07% rise in stock price, gaining ₹520.70. The company continues to dominate the auto market with strong sales figures and increasing demand for its affordable and reliable cars. Maruti Suzuki is also expanding into the electric vehicle (EV) segment, attracting investors who are focused on the future of mobility. The stock’s impressive performance reflects its leadership in the domestic market and potential for growth in the global EV space.

September 26, 2024, showcased strong performances across various sectors, from finance and engineering to healthcare and consumer goods. Stocks like 360 ONE WAM, Swan Energy, and Easy Trip delivered significant gains, driven by market conditions, strategic growth initiatives, and increasing consumer demand. These companies are well-positioned for continued success as they navigate their respective industries with innovative solutions and strong fundamentals.

For investors, keeping an eye on these best-performing stocks could present lucrative opportunities as we move further into the year. The stock market continues to evolve, and companies that adapt to changing trends and market demands are likely to see sustained growth.