Last Updated on May 21, 2023 by Ayushi Gangwar
Curious about why certain stocks become favourites and attract investors’ attention? Today, we’re diving into the Top 10 most searched stocks that have caught the market’s eye. Let’s explore what makes these stocks the talk of the town!
Table of Contents
Tata Motors
Sector: Consumer Discretionary
PE Ratio: 88.86
Largecap
1W Return: 1.74
1W Return vs NIFTY: 2.35
Tata Motors is a multinational automobile manufacturer that produces a wide range of vehicles, including cars, trucks, and buses. It is one of the largest automobile manufacturers in India. Tata Motors is a popular stock because it is seen as a growth stock with a strong track record of profitability. The company is also expected to benefit from the growth of the Indian economy and the increasing demand for automobiles.
Why is TATAMOTORS on the news?
The stock has been in the news since analysts on Dalal Street hold a positive view of Tata Motors‘ post-March quarter results. Brokerage ICICI direct has a ‘Buy’ call on the auto major with a 12-month target price of Rs 650, indicating an upside of 22 per cent from the current market price.
Infosys
Sector: Information Technology
PE Ratio: 21.41
Largecap
1W Return: 1.90
1W Return vs NIFTY: 2.51
Infosys is a multinational information technology company that provides business and technology consulting, software development, and outsourcing services. It is one of the largest IT companies in India and the world alike. The company is also expected to benefit from the growth of the Indian economy and the increasing demand for IT services.
Why is Infosys in the news?
Infosys has caught the eye of investors Infosys Ltd. Chairman Nandan Nilekani’s newest foray into public-policy evangelism: Open Network Digital Commerce, or ONDC.
Vedanta Ltd
Sector: Materials
PE Ratio: 9.81
Largecap
1W Return: 2.49
1W Return vs NIFTY: 3.10
Vedanta Limited is a multinational natural resources company that produces a variety of minerals, including copper, zinc, and aluminium. It is one of the largest natural resources companies in India. Vedanta Limited is a popular stock because it is seen as a growth stock with a strong track record of profitability. The company is also expected to benefit from the growth of the Indian economy and the increasing demand for natural resources.
Why is Vedanta on the news?
Vedanta has been in the news Anil Agarwal-promoted Vedanta Resources Ltd (VRL) is in discussions with Deutsche Bank and other global lenders including JPMorgan and Barclays to raise a $500-600 million loan to meet debt repayments.
Reliance Industries Ltd.
Sector: Energy
PE Ratio: 24.74
Largecap
1W Return: -1.71
1W Return vs NIFTY: -1.10
Reliance Industries is a multinational conglomerate that operates in a variety of industries, including energy, petrochemicals, retail, and telecommunications. It is the largest company in India by market capitalization. Reliance Industries is a popular stock because it is seen as a growth stock with a strong track record of profitability. The company is also expected to benefit from the growth of the Indian economy.
Why is RELIANCE on the news?
Reliance has been in the news due to its new fuel retailing joint venture, Jio-bp, of Reliance Industries and UK’s bp, launched a premium diesel that is said to improve mileage and give drivers a saving of up to Rs 1.1 lakh per truck.
ITC
Sector: Consumer Staples
PE Ratio: 27.76
Largecap
1W Return: -0.14
1W Return vs NIFTY: 0.47
ITC is a diversified conglomerate that operates in a variety of industries, including cigarettes, hotels, food, and paper. It is one of the largest companies in India by market capitalization. ITC is a popular stock because it is seen as a defensive stock with a steady income stream. The company is also expected to benefit from the growth of the Indian economy.
Why is ITC on the news?
ITC is in the news since the company’s Q4 results are to be announced.
Tata Steel
Sector: Materials
PE Ratio: 14.79
Largcap
1W Return: -1.97
1W Return vs NIFTY: -1.36
Tata Steel is a multinational steel manufacturing company that produces a wide range of steel products. It is one of the largest steel manufacturers in India. Tata Steel is a popular stock because it is seen as a growth stock with a strong track record of profitability. The company is also expected to benefit from the growth of the Indian economy and the increasing demand for steel.
Why is Tata Steel on the news?
Tata Steel has been in the news since The 30-share BSE Sensex climbed 395.26 points to 61,955.90 in early trade. The NSE Nifty jumped 115.45 points to 18,297.20.
Trident
Sector: Consumer Discretionary
PE Ratio: 21.21
Midcap
1W Return: 6.14
1W Return vs NIFTY: 6.75
Trident Ltd. is a prominent Indian textile company, that has gained popularity as stock due to its consistent financial performance, diversified product portfolio, competitive advantage, export-oriented business model, growth potential in the textile industry, and a history of dividend payments.
Why is TRIDENT on the news?
Trident has caught the eyes of investors since the company is set to launch 19 distinctive apartments in 2023, offering a one-of-a-kind urban living experience.
Rail Vikas Nigam Ltd.
Sector: Specialised Finance
PE Ratio: 21.48
Midcap
1W Return: -3.49
1W Return vs NIFTY: -2.88
RVNL is a government-owned company that operates the Indian Railways. It is the largest railway network in the world, with over 100,000 kilometres of track. RVNL is a popular stock because it is seen as a safe investment with a steady income stream. The company is also expected to benefit from the government’s plans to invest heavily in infrastructure.
Why is RVNL in the news?
Rail Vikas Nigam Ltd has been in the news since a bunch of orders as part of India’s infrastructure push in the last three months has sent shares of Rail Vikas Nigam Ltd. soaring 77% so far this year.
Tata Power
Sector: Utilities
PE Ratio: 19.90
Largcap
1W Return: -0.58
1W Return vs NIFTY: 0.03
Tata Power is a multinational power generation company that produces electricity from a variety of sources, including coal, gas, and renewable energy. It is one of the largest power generation companies in India. Tata Power is a popular stock because it is seen as a defensive stock with a steady income stream. The company is also expected to benefit from the growth of the Indian economy and the increasing demand for electricity.
Why is Tata Power on the news?
Tata Power is in the news and is joining forces with News18 to take the Sustainable Is Attainable (SIA) movement to new heights with the SIA Fest organised in New Delhi.
Indian Oil Corporation
Sector: Oil and Gas
PE Ratio: 6.75
Largcap
1W Return: -0.44
1W Return vs NIFTY: 0.17
IOC, or Indian Oil Corporation Limited, is a prominent state-owned oil and gas company in India. It is the largest commercial enterprise in the country and operates across various segments of the petroleum value chain, including refining, marketing, and petrochemicals.
Why is IOC in the news?
Indian Oil Corporation has been in the news and reported a strong set of numbers for the quarter that ended on March 31, 2023, which boosted the morale of a number of brokerage firms, who remain positive on the stock and see an upside of up 44 per cent in the stock.
Stay ahead of the curve
Now that you know the weekly top stocks, it’s time to put them to good use and make the most of the opportunities. You can catalyse your overall investment strategy by keeping an eye on them with Watchlist. It will assist you in identifying prospects based on recent price movements and deepen your research and learning. By leveraging the insights, you can take your investment journey to the next level!
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