Top 10 Most Popular Stocks on Tickertape

Last Updated on Jun 2, 2023 by Anjali Chourasiya

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 this week. Let’s explore what makes these stocks the talk of the town!

VEDL

Sector: Materials

PE Ratio: 9.76

Largecap 

1W Return vs Nifty: -6.08

1W Return: -6.68%

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? 

The stock is in the negative spotlight on Dalal Street as its parent company, Vedanta Resources Ltd (VRL), secured $450 million from two rival entities. This highlights the difficulties faced by the group in accessing funding through conventional avenues like banks and private credit. Additionally, Vedanta’s shares declined on the BSE after announcing a dividend of ₹18.50 per share for eligible shareholders.

ITC

Sector: Consumer Staples

PE Ratio: 28.55

Largecap 

1W Return vs Nifty: -0.23

1W Return: -0.83%

ITC Ltd is a diversified conglomerate that operates in a variety of industries, including cigarettes, hotels, food, and paper. It’s one of the largest companies in India by market capitalisation. 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 in the news? 

ITC is in the news since the company’s Q4 results are announced.

INFOSYS

Sector: IT

PE Ratio: 22.66

Largecap 

1W Return vs Nifty: -1.59

1W Return: 1.03%

Infosys Ltd 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 on the news? 

Infosys is in focus as the company declared a total dividend of Rs 34 per share for FY23

SUZLON ENERGY

Sector: Industrials 

PE Ratio: 4.41

Smallcap

1W Return: 13.20%

Suzlon Energy Ltd provides renewable energy solutions such as solar irradiance assessment, land acquisition and approvals, infrastructure and power evacuation, supply chain, installation and commission, etc. It also produces wind turbines and is considered small cap high-risk stock. 

Why is SUZLON on the news? 

Suzlon is making some noise in the market after logging the second-highest BSE turnover, with shares trading at a nearly 14-month high after posting stellar March quarter and fiscal 2023 earnings 

TATA MOTORS 

Sector: Consumer Discretionary

PE Ratio: -11.62

Largecap 

1W Return vs Nifty: 5.33

1W Return: 3.94%

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 TATA MOTORS on the news? 

The stock hit a 52-week high of  ₹541.1 on BSE as auto major reported May 2023 CV volumes of 28,989 units, up 28.9% MoM 

HDFC BANK

Sector: Financials

PE Ratio: 19.49 

Largecap 

1W Return vs Nifty: -0.76

1W Return: 1.20%

HDFC Bank Ltd is a private sector bank that is one of the largest banks in India. It offers a wide range of banking products and services, including retail banking, corporate banking, and investment banking. HDFC Bank 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 growth of the Indian economy and the increasing demand for banking services.

Why is HDFC BANK in the news? 

HDFC Bank is making headlines as Abdrn sold approximately 35.7 million shares of HDFC Life to the bank at an average price of ₹579.6 per share 

TATA STEEL 

Sector: Materials

PE Ratio: 14.78

Largecap 

1W Return vs Nifty: 1.32

1W Return: 0.90%

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 it made to the list of 169 BSE stocks to hit fresh 52-week highs following positive cues from global markets and domestic solid macroeconomic data.

CAMPUS ACTIVEWEAR

Sector: Consumer Discretionary

PE Ratio: 80.30

Smallcap

1W Return: -13.45%

Campus Activewear Ltd (CAL) is one of India’s largest sports and athleisure footwear brands in value and volume. The Company primarily manufactures, distributes and sells sports and athleisure footwear products under the CAMPUS brand name. The stock stands at a market cap of ₹9,404 Cr and is ranked 373 on the list! 

Why is CAMPUS ACTIVEWEAR on the news? 

The stock has been witnessing a downward spiral in its share price for the last seven months and marked a downfall of 52% from all-time high of ₹639 apiece 

RVNL

Sector: Specialised Finance

PE Ratio: 17.39

Midcap

1W Return vs Nifty: 1.62

1W Return: 3%

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.

RELIANCE

Sector: Energy 

PE Ratio: 24.98

Largecap 

1W Return vs Nifty: -2.23

1W Return: 0.21%

Reliance Industries Ltd 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. Also, a  rating agency affirmed its ‘BBB+’ rating – equivalent to the sovereign rating assigned to India – to Reliance (RIL) with a stable outlook, reflecting that RIL’s cash flows will help it preserve its financial profile, despite elevated investments over the next 24 months.In Fact, ICICI Direct has buy call on Reliance Industries with a target price of Rs 2498 

TATAPOWER

Sector: Utilities 

PE Ratio: 21.05

Largecap 

1W Return vs Nifty: 1.44

1W Return: 1.20

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 as LIC has strengthened its stake in the Company with 7.9 % of the paid-up capital from 7.5% stake at the end of March quarter

IRFC

Sector: Specialised Finance

PE Ratio: 6.63

Midcap

1W Return vs Nifty: 0.13

1W Return: 0.78%

IRFC is a government-owned company that finances, builds and maintains railway infrastructure. It is the largest railway infrastructure financing company in India. IRFC 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 IRFC in the news? 

IRFC is in the news as the shares jumped 3.65 per cent to Rs 34.05, with the stock seeing volume of 5,35,79,442 shares, the second-best on the exchange so far. 

IRCTC

Sector: Communication Service

PE Ratio: 51.66 

Largecap 

1W Return vs Nifty: 3.19

1W Return: -4.32

IRCTC is engaged in Catering and Hospitality; Internet Ticketing; Travel and Tourism, and Packaged Drinking Water (Rail Neer). It’s one of the low risk stock in the market

Why is IRCTC in the news? 

The share price of IRCTC falls as Sensex gains 121.57 points 

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!