Top 5 Stocks Investors Can’t Keep Their Eyes Off!

Last Updated on Jun 24, 2023 by Ayushi Gangwar

In the fast-paced world of finance and investing, certain stocks have a way of capturing the imagination of both seasoned investors and newcomers alike. These stocks become the talk of the town, drawing immense interest, and triggering a frenzy of online searches. From trending technologies and emerging industries to established giants experiencing a surge in popularity, these stocks have captivated the attention of the markets in unprecedented ways.

In this blog, we dive into the realm of the most searched stocks, exploring what makes them so captivating and why they have become the focal point of investors’ discussions. We’ll uncover the stories behind these stocks, shedding light on the factors that have propelled them into the spotlight.

TATAMOTORS 

Sector: Consumer Discretionary

Largecap

PE Ratio: 84.81

1W Return: -7.38

1W Return vs NIFTY: -6.53

Tata Motors Ltd’s shares have experienced a remarkable recovery, surging over 800% from their pandemic lows in 2020. After dropping to a low of Rs 63.60 during the challenging times of Covid-19 on March 24, 2020, the stock has made a stellar rebound, achieving a growth rate of 814% to date.

Recently, the stock reached a new milestone, hitting a 52-week high of Rs 585.95 in the previous session. However, it closed slightly lower at Rs 581.20 on Wednesday, marking a marginal decline of 0.36%. This highlights the stock’s volatility and the ongoing fluctuations in its trading journey.

WIPRO 

Sector: Information Technology

Largecap

PE Ratio: 18.45

1W Return: 1.11

1W Return vs NIFTY: 0.26

Wipro is in the news since the company has officially opened its new office at Sable Park, Century City, in Cape Town. With a presence in Africa since 2007, the IT services company has been assisting enterprises and public sectors in their digital transformation journey to enhance global competitiveness.

Wipro’s commitment extends beyond business objectives, as it actively contributes to the local communities. 

INFY 

Sector: Information Technology

Largecap

PE Ratio: 22.01

1W Return: 1.31

1W Return vs NIFTY: -1.21

Infosys, a prominent technology services and consulting firm, has introduced an empowering initiative focused on fostering successful careers in artificial intelligence (AI). The company has unveiled Infosys Springboard, an exciting platform offering a comprehensive and complimentary AI certification training program. This innovative endeavour aims to equip individuals with the essential skillsets required to excel in the evolving job market of the future.

TATASTEEL 

Sector: Materials 

Largecap

PE Ratio: 15.50

1W Return: -4.07

1W Return vs NIFTY: -3.22

Tata Steel is in the news as the company says it won’t be able to reach its emission goals with the current technology. 

ITC

Sector: FMCG

Largecap

PE Ratio: 28.99

1W Return: -1.84

1W Return vs NIFTY: -0.99

ITC is in the news as out of the 30 stocks listed on the Sensex, 20 have not reached their record high levels in the first half of 2023, despite the BSE index consistently achieving new highs. However, a few stocks, such as ITC Ltd, have managed to hit new highs in sync with the BSE benchmark.

Stay updated with the market trends on the stocks you’re interested in. Check out Screener to add or remove filters which would make your experience better. 

What’s up with the markets? 🗞

Since last week, MMI has been in the “Greed” zone which signifies investors are acting greedily in the market, but the action to be taken depends on the MMI trajectory. Since MMI is dropping from Extreme Greed, it means greed is reducing in the market. But more patience is suggested before looking for fresh opportunities.