My Newsfeed

logo
The Baseline
26 Feb 2021
Five Interesting Stocks Today
  1. Aarti Industries:  This chemicals company’s promoters are selling shares via market sales. This week alone nearly 45,000 shares were sold for Rs 5.4 crore. Since the year began, promoters have sold 1.6 lakh shares worth Rs 19.7 crore, and directors sold 5,400 shares worth Rs 65 lakhs across 14 market sales.

  2. GMM Pfaudler: This glass-lined equipment manufacturer’s stock is up by 13% in two weeks. This jump has pushed its price over the 200-day exponential moving average (EMA), 100-day EMA, and 50-day EMA. The stock price has still not recovered from its heavily discounted offer for sale (OFS) in September 2020.

  3. Cochin Shipyard: Mutual funds are selling this shipbuilders shares in droves. In April 2020, mutual funds held 94 lakh shares in the company. Between April to January 2021, they disposed of 97% of their stake, holding just 2.4 lakh shares in the company in January 2021.

  4. Page Industries: Brokers have turned cold on this innerwear company. In the past month, two brokers - Geojit BNP Paribas and Chola Wealth have downgraded their recommendations on the stock while ICICI Securities and Axis Direct have maintained a ‘Hold’ rating. Its average broker target price is still at a downside of 4% despite its stock dropping by 10% in three weeks.

  5. Burger King India: This quick-service restaurant’s insiders have pledged shares for the first time since it listed in December 2020. This week, 1.4 lakh shares worth Rs 2 crore were pledged by insiders. Its stock price has dropped by 25% since its first week of trading.

Trendlyne Marketwatch
Trendlyne Marketwatch
25 Feb 2021

Markets closed higher. Nifty 50 closed at 15097.60 (115.6, 0.8%) , BSE Sensex closed at 51039.31 (257.6, 0.5%) while the broader Nifty 500 closed at 12570.95 (115.8, 0.9%)

Market breadth is overwhelmingly positive. Of the 1708 stocks traded today, 1099 were gainers and 534 were losers.

Riding High:

Largecap and midcap gainers today include Indian Overseas Bank (18.95, 9.86%), Bharat Heavy Electricals Ltd. (47.10, 9.66%) and Coal India Ltd. (156.95, 8.69%).

Downers:

Largecap and midcap losers today include Marico Ltd. (409.70, -3.46%), Adani Green Energy Ltd. (1129.00, -3.45%) and ABB India Ltd. (1528.90, -2.67%).

Volume Rockets

34 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Just Dial Ltd. (767.90, 19.99%), Himadri Speciality Chemical Ltd. (49.30, 19.95%) and Rashtriya Chemicals & Fertilizers Ltd. (67.70, 19.93%).

Top high volume losers on BSE were SKF India Ltd. (2219.40, -1.74%), Aster DM Healthcare Ltd. (149.55, -0.99%) and Oberoi Realty Ltd. (556.75, -0.77%).

Gujarat State Fertilizer & Chemicals Ltd. (88.80, 9.23%) was trading at 9.8 times of weekly average. Indiabulls Real Estate Ltd. (93.00, 11.85%) and Deepak Fertilisers & Petrochemicals Corporation Ltd. (182.75, 8.52%) were trading with volumes 6.9 and 5.6 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

59 stocks overperformed with 52 week highs,

Stocks touching their year highs included - Adani Ports & Special Economic Zone Ltd. (705.35, 6.04%), Bajaj Holdings & Investment Ltd. (3723.70, 2.53%) and BEML Ltd. (1071.60, 7.99%).

13 stocks climbed above their 200 day SMA including Himadri Speciality Chemical Ltd. (49.30, 19.95%) and Edelweiss Financial Services Ltd. (69.85, 4.10%). 2 stocks slipped below their 200 SMA including Sun Pharma Advanced Research Company Ltd. (168.35, -0.82%) and Dhanuka Agritech Ltd. (728.85, -0.47%).

logo
The Baseline
24 Feb 2021
Chart of the week - Nifty50 top 5 most overbought companies

Since the year began the benchmark Nifty50 rose by 5%, but some index companies saw far bigger gains. This buying pressure pushed them into the overbought zone. Here are the top 5 most overbought companies in the Nifty50 based on their relative strength index (RSI) and stock price change in 2021.

logo
The Baseline
23 Feb 2021
Five Interesting Stocks Today
  1. APL Apollo Tubes: Since the beginning of the year, this steel pipes maker’s insiders have disposed 30.8 lakh shares worth Rs 297 crore. This includes 40,000 shares sold by the company’s promoters and 17,000 shares sold by the company’s directors.

  2. Vedanta: This mining company’s chief financial officer has penned his resignation to the company’s board. Its stock price is up by 120% since November 2020.

  3. Pidilite Industries: This chemicals manufacturing company’s promoter has sold 40,000 shares worth Rs 7.1 crore via a single market sale. This is the first time a promoter has disposed of the company’s shares through a market sale since February 2020.

  4. Deepak Nitrite: This speciality chemicals company’s stock price is surging with rising delivery volumes. Since the month began, its stock is up by 30%. Its delivery volume has jumped over 50%, higher than its weekly average delivery volume (25%), monthly average delivery volume (28%), and 6-month average delivery volume (30%).

  5. HCL Technologies: Mutual funds are consistently increasing their holding in this IT-services company. In January 2021, mutual funds held 17.5 crore shares, up by 13.6% since September 2020. It saw more mutual funds buying than selling shares in each of the past five months.