Driven by value buying across different sectors and a rebound in global equities after turmoil in the United States, the Sensex is up by 1300 points, and the Nifty 50 is nearing 22,800 today. The opening session of the market suggests that long-term investors have a selective approach and are interested in buying large-cap stocks. But what about day traders? Based on the previous trading session and today’s market movement, here’s a list of three stocks worth monitoring in today’s session.
Today’s Hot Stock Picks
Here are the hand-picked stocks you may track in today’s trading session:
Sundram Fasteners Ltd. (NSE: SUNDRMFAST)
Sundaram Fasteners belongs to the consumer discretionary segment and manufactures and sells cold extruded components, radiator caps, sintered products, and water and oil pumps. In the third quarter of the financial year 2024–25, the company reported a net profit of ₹130.36 crores, which is 1.32% higher than the same quarter of the previous financial year. A few months ago, the company also received a reaffirmation of its A1+ credit rating by CRISIL.
Sundaram Fasteners generates 22.4% of its revenue from the US market. Amid the ongoing trade tensions between India and the US, it is crucial to track the stock’s performance in light of the uncertainties.
Key details of Sundram Fasteners stocks:
Closing Price (as of April 9, 2025) | ₹892.65 |
Trading Volume | 68,995 |
Company Type | Smallcap |
Market Cap | ₹18,495 crores |
Beta | 0.48 |
Ramkrishna Forgings Ltd. (NSE: RKFORGE)
Ramkrishna Forgings produces and distributes forgings made from micro-alloy steel, carbon and alloy steel, and stainless steel for the automobile, railway, construction, and mining industries. Some of the noted clients in its portfolio include Ashok Leyland, Tata Motors, Scania, and Volvo. Recently, the company increased its production capacity to 14,250 MTPA. A year ago, Ramkrishna Forgings signed a supply agreement for powertrain components with the largest electric passenger vehicle manufacturer in the US. Amid the ongoing trade tariff settlement discussions between India and the US, it will be interesting to see how the company handles the challenges and performs in this evolving market.
Key details of Ramkrishna Forgings stocks:
Closing Price (as of April 9, 2025) | ₹740.40 |
Trading Volume | 4,07,390 |
Company Type | Smallcap |
Market Cap | ₹13,450 crores |
Beta | 1.18 |
PI Industries Ltd. (NSE: PIIND)
PI Industries is an agrochemical company that also operates in pharmaceuticals. The company offers distribution, CSM, contract, and research and development (R&D) services. Under its R&D segment, it works on molecule design, route synthesis, library synthesis, biological evaluation, and lead optimisation.
PI Industries derives around 43% of its revenue from the US market. Following the tariff announcement, its share price declined by 3% on April 4. However, with the current 90-day pause in the tariff war and ongoing discussions on the India-US bilateral trade agreement, there is renewed hope for stability.
For traders keeping a close eye, it is also worth noting that the company declared an interim dividend of ₹6 per equity share just a couple of months ago, on February 6, 2025.
Key details of PI Industries stocks:
Closing Price (as of April 9, 2025) | ₹3294.80 |
Trading Volume | 4,50,998 |
Company Type | Midcap |
Market Cap | ₹53,259 crores |
Beta | 0.72 |
Conclusion
Amid ongoing market uncertainty, it is still possible to make a profit, provided you choose the right stocks based on a thorough analysis of their financial performance. This includes considering the impact of global and domestic events, as well as reviewing their past trends, particularly during bearish market conditions.
It is important to mention that investing in the stocks discussed above does not guarantee returns. You are strongly advised to conduct your own research and carefully assess your risk appetite before making investment decisions.
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