Top 10 gainers during September trading!

Vodafone Idea- The telco which was trading at Rs 6.09 at the start of the month soared by 95.4% to Rs 11.9 on September 30. This increase/ turnaround came on the back of the government's telecom relief package that gave the loss-making telco a time-freeze of four years from making payments towards its adjusted gross revenue (AGR) dues. This package shall provide short-term financial relief to the company while the structural reforms will strengthen it in the long term.

Zee entertainment- The Essel Group-owned Indian media conglomerate’s stock which was trading at Rs 173.9 at the start of the month soared by 74.21% to Rs 302.9 in September. This surge came on the back of the announcement of a mega-merger with Sony Pictures Networks India. This merger will allow Sony to hold a majority stake in the merged entity and making the merger the country’s second-largest entertainment network.

Delta Corp Ltd - The Indian gaming and hospitality corporation engaged in casino gaming surged by 39.35 per cent during September. The stock went from Rs 188.95 on September 1 to Rs 263.3 at the end of the month. The stock surged after the company expressed its plans to raise USD 30-40 million for its online gaming business. This news came after the Goa government gave its permission to re-open casinos in the state earlier this month.

JSW Energy- The power generation, transmission and trading company soared by 52.29% from Rs 256.05 on September 1 to Rs 389.95 on September 30. This surge came after Prashant Jain, joint MD and CEO of JSW Energy, in an interview (to CNBC), shed light on the company’s Capex plans. He said that the company has tied up a Rs 16,000 crore Capex and signed all the PPA agreements. It has ordered the equipment and the construction of the projects is in full swing. The asset commissioning will start happening from the Q4FY22, wherein the company will be commissioning close to 200 megawatt and 250 to 300 megawatt every quarter thereafter. This will be commissioned and supplied to the grid or to the consumers with whom the PPA tie-up has been made.