INDIAN STOCK MARKET NEWS BULLETIN
The biggest risk for the stock market this week is a stronger-than-expected August jobs report, says Bank of America. If the report shows high job growth, it could delay interest rate cuts. This might lower stock prices, especially since investors are currently optimistic about rate cuts. Bank of America expects only two small rate cuts this year, while the market expects bigger cuts. A strong jobs report could change market sentiment, making stocks fall. Strategist Ed Yardeni predicts up to 225,000 new jobs, which could reduce the need for significant rate cuts and pressure stock prices.
TOP 20 STOCKS IN INDIAN MARKET
| STOCKS | RANK | STOCK PRICE | NET PROFIT |
| KOTAK MAHINDRA BANK | 1 | 1777 | 32 |
| CAN FIN HOMES | 2 | 883 | 19 |
| BAJAJ FINANCE | 3 | 7064 | 19 |
| MANAPPURAM FINANCE | 4 | 217 | 31 |
| AAVAS FINANCIERS | 5 | 1711 | 12 |
| CREDIT ACCESS GRAMEEN | 6 | 1193 | 44 |
| AU SMALL FINANCE BANK | 7 | 640 | 3 |
| REC | 8 | 626 | 25 |
| PETRONET LNG | 9 | 366 | 17 |
| PI INDUSTRIES | 10 | 4463 | 35 |
| CENTRAL DEPOSITORY SERVICES | 11 | 1431 | 64 |
| KNR CONSTRUCTIONS | 12 | 334 | 2 |
| MARUTI SUZUKI INDIA | 13 | 12454 | 47 |
| KARUR VYSYA BANK | 14 | 223 | 38 |
| THE GREAT EASTERN SHIPPING COM | 15 | 1302 | 6 |
| BANDHAN BANK | 16 | 194 | 27 |
| GUJARAT PIPAVAV PORT | 17 | 227 | 31 |
| HERO MOTOCORP | 18 | 5375 | 37 |
| BIRLASOFT | 19 | 679 | 82 |
TOP 10 PRICE GAINERS
| STOCK | MARKET PRICE | 1 MONTH CHANGE |
| GEMSTONE INVESTMENTS | 4.13 | 110.71 |
| FONE4 COMMUNICATIONS | 6.58 | 73.61 |
| GEN PHARMASEC | 3.69 | 59.05 |
| SILVERLINE TECHNOLOGIES | 5.27 | 53.2 |
| VINNY OVERSEAS | 4.56 | 52.51 |
| BITS | 9.41 | 49.6 |
| LCC INFOTECH | 8.72 | 49.32 |
| IEC EDUCATION | 6.86 | 46.27 |
| VENLON ENTERPRISES | 8.47 | 44.29 |
| PRO FIN CAPITAL SERVICE | 1.5 | 42.86 |
TOP 10 PRICE LOSERS
| STOCKS | MARKET PRICE | 1 MONTH CHANGE |
| KHOOBSURAT | 1.06 | -40.45 |
| SHASHIJIT INFRAPROJECTS | 4.22 | -40.23 |
| SAIANAND COMMERCIAL | 0.54 | -37.21 |
| GRANDMA TRADING AGEN | 1.49 | -31.34 |
| LESHA INDUSTRIES | 2.73 | -28.53 |
| SEVEN HILL INDUSTRIES | 0.87 | -23.68 |
| FILATEX FASHIONS | 1.16 | -22.15 |
| SHREE HANUMAN SUGAR | 8.71 | -21.74 |
| BRDGE SECURITIES | 3.61 | -21.69 |
| SUMEET INDUSTRIES | 4.01 | -19.96 |
Weekly Picks
Kumar Mangalam Birla, a distinguished Indian industrialist, is the Chairman of the Aditya Birla Group, one of India’s largest conglomerates with interests spanning across multiple industries such as metals, cement, textiles, telecommunications, and financial services. Born on June 14, 1967, he inherited the reins of the group in 1995 at the young age of 28, following the sudden demise of his father, Aditya Vikram Birla. Over the years, he has been instrumental in transforming the group into a global powerhouse with operations in more than 36 countries.
Kumar Mangalam is also recognized for his efforts in ensuring that the Aditya Birla Group remains socially responsible. The group is known for its robust Corporate Social Responsibility (CSR) initiatives, focusing on education, healthcare, and rural development. This group also runs one of the largest private sector educational initiatives in India, with over 46 schools catering to more than 45,000 students.
Beyond his corporate responsibilities, Birla has played an active role in shaping India’s industrial policies. He has served as the chairman of several industry associations, including the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Reserve Bank of India’s Board of Directors.
As of 2024, Kumar Mangalam Birla’s net worth is estimated to be around $16.6 billion, according to Forbes. This wealth is a testament to his strategic vision, leadership, and ability to navigate the complex global business landscape while maintaining the legacy. His story is one of legacy, leadership, and a relentless pursuit of excellence in the ever-evolving world of business.
The group’s interests include communications, financial services, paints, cement, textiles, and aluminum. It is currently expanding into new industries like hotels and branded accessories.
His son Aryaman and daughter Ananya joined the advisory council of Grasim and ADITYA BIRLA FASHION AND RETAIL.