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The Baseline

29 Sep 2020

Five Interesting Stocks Today

PSP Projects: This construction company’s promoter group has been steadily buying its equity. Since the beginning of the month 60,000 shares have been reacquired, valued at Rs. 2.5 crores.
GMM Pfaudler: This glass-lined equipment manufacturer lost 38% via a discounted OFS last week. However, during the recent investor call, the management stated that there is “misrepresentation of information” going on in the market. MD Tarak Patel clarified that private equity partner DBAG will hold 32% and the GMM family will hold 22%, this stake will be locked in for 3 years, after which the latter will look to increase stake close to 30%.
ABM Knowledgeware: This software company is trading with its delivery volume over the weekly, monthly, and 6-month average and its price is at its highest point for over 2.5 years.
Dilip Builldcon: This small-cap engineering company has seen 14 broker reports published in the past year from brokerages like Nirmal Bang, HDFC Securities, Geojit BNP Paribas, with an average broker rating of 5, and a 52.4% upside against its current price.
Berger Paints: This paint company, runner up in the furnishing paints industry, recently hit its lifetime high. The market leader Asian Paints, hit its lifetime high two weeks ago and has since dropped by 5.4%. At that time Asian Paints’ PE was 85.9, Berger’s PE is much higher at 112.7 against an average PE of 57.6, placing it firmly in the sell zone.

The Baseline

24 Sep 2020

Five Interesting Stocks Today

The Ramco Cements: The promoter group of this cement manufacturer, under the Ramco Group, pledged over 6 lakh shares in the company at an average price of Rs. 745.5 per share valuing the pledge at Rs. 45 crores.
Dixon Technologies: Vanguard Fund buys additional shares in this company via a bulk deal. This is the second large bulk deal purchase by Vanguard in Dixon in September.
Zenstar Technologies: This software company’s stock price has surged by 21% in the past two weeks, reaching its highest point in 2020, and is now only 7.8% away from its 52-week high.
Ashoka Buildcon: This construction engineering company which bagged two orders from the NHAI earlier in the month is the stock pick among brokerages. With 16 reports published in the last year from ICICI Securities, Nirmal Bang, and Motilal Oswal giving either a ‘Buy’ or ‘Hold’ rating, the average broker upside against its current price is 75%
Aarti Industries: The promoter group and director of this chemical manufacturing company have been increasingly disposing its shares.

The Baseline

22 Sep 2020, 08:05PM

Five Interesting Stocks Today

Dixon Technologies: This consumer electronics company’s promoter has disposed of 6,180 shares in the company at an average price of Rs. 9,937.8 per share, valuing the deal at Rs. 5.8 crores.
Gateway Distriparks: This logistics company is the stock of choice for stock analysts. Over the past year, 8 reports have been published from these brokerages - HDFC Securities, Sharekhan and Motilal Oswal, with every single report giving a ‘Buy’ rating. The average broker upside against its current price is 51.1%.
Apollo Micro Systems: This electronic-components manufacturer’s founder and managing director Karunakar Reddy Baddam created a pledge with 8 lakh shares of the company worth Rs. 9.9 crores.
Allcargo Logistics: This logistics company announced last week that its group CFO, Sheetal Gulati would step down. The company’s share price is up by 123% since March.
KPIT Technologies: This software company’s promoter acquired14 lakh shares via market purchase at an average price of Rs. 100.2 per share valuing the insider trade at Rs. 14 crores.

The Baseline

17 Sep 2020

Five Interesting Stocks Today

CL Educate: The promoters of this online education company have resumed buying up company shares. The last such effort was in April 2020. Since the beginning of the month, over 1.1 lakh shares have been reacquired, and in that time the stock’s price has surged by 65%.
Radico Khaitan: This alcohol company’s price has shot up by 20.6% in the past week, reaching a new 52-week high and is only 6.7% away from its lifetime high.
IndiaMART: Over the past three months this B2B e-commerce company’s stock price has surged by 150%, making several new highs in the process. Looking at this massive rise, the top management is pocketing profits. Since the beginning of the month over 28,000 shares of the company have been disposed of by management personnel at an average price of Rs. 4,630 per share, valuing the deals at Rs. 13.2 crores.
VA Tech Wabag: This water-treatment company which raised Rs. 120 crores from Rekha Jhunjhunwala and Anand Jain chairman of Jai Corp in August saw a 687% jump in net profit for Q1FY21. The company also secured a $48 million (~Rs. 353.6 crores) project to design a sewage treatment plant at the Jeddah airport.
Man Infraconstructions: The Managing Director of this construction engineering company has been steadily acquiring his company’s equity. In the past week alone he reacquired 12 lakh shares, valuing the deal at over Rs. 3 crores.

The Baseline

15 Sep 2020

Five Interesting Stocks Today

ADF Foods: Ashish Ramchandra Kacholia has acquired 1.4 lakh shares in this manufacturer and distributor of canned food at an average price of Rs. 377.9 per share, valuing the deal at Rs. 5.6 crores.
Zee Learn: This educational company, part of the Essel Group, has had 36 lakh shares invoked by its promoter Asian Satellite Broadcast representing over 1% of the share capital of the company. Since the beginning of the year, this promoter group has disposed or invoked over 2.1 crore shares of the company, representing 6.49% of its share capital.
Indian Energy Exchange: This power trading exchange company’s price has increased over 56% in the past few months, and is less than 2% from its 52-week high. This price increase is despite its MD and CEO Rajiv Srivastava resigning in late-August.
UPL: Over 1.5 crore shares of this agrochemical company have been acquired by Life Insurance Corporation of India in the past month. This is the first SAST/insider trade for the company since June 2020.
Metropolis Healthcare: This diagnostic company has seen its mutual fund holdings increase by 154% from 26.8 lakh shares in January 2020 to 68.1 lakhs shares in August 2020.

The Baseline

10 Sep 2020

Five Interesting Stocks Today

Asian Paints: This paint company hit its all time high in share price, and with a current PE of 85.9 against an average PE of 57 it is firmly in the sell zone. Brokerages are of the same opinion, with HDFC Securities giving it a ‘Sell’ rating. This is the only the second time in 2020 that Asian Paints has received a Sell rating on its stock
Alembic Pharmaceuticals: The promoter group of this pharmaceutical company disposed 4.1 lakh equity shares at an average price of Rs. 953.9 per share valuing the deal at Rs. 39.4 crore.
Lakshmi Machine Works: This textile machinery manufacturing company’s share price has increased by 75% in the past 6 months, and is closing in on its 52-week high.
Suprajit Engineering: This auto-parts company has seen its mutual fund shareholding increase by 19% since March 2020 with no mutual funds selling their holdings in the past three months.
Navin Fluorine International: This chemicals company saw an 80% drop in net profit for Q1FY21, yet its price has increased by 82.4% since March with weekly average delivery volume over 70%.

The Baseline

08 Sep 2020

Five Interesting Stocks Today

IDFC First Bank: Rajiv Lall resigned with immediate effect as Non-Executive Chairman of the Bank board. Lall is a veteran banker and previously occupied the position of founder, managing director and chief executive officer [CEO] of the bank between 2015 to 2018. He cited health issues in his resignation.
Supreme Industries: This plastic products manufacturer’s stock has surged by 77% in the past few months passing its 52-week high and is only 3% off it's all time high, which it hit last in January 2019.
WABCO India: This automobile equipment manufacturer has seen its price increase by 10% over the past week to a two-year high despite posting a 157.2% decline YoY into net loss for the June 2020 quarter.
Jamna Auto Industries: Over 49.3 lakh shares of this automobile equipment manufacturer was acquired by its promoter group. Out of this, 6.7 lakh shares or 13.6% were used in the creation of a pledge.
Sadbhav Engineering: This Ahmedabad-based construction company is the pick of stock analysts with HDFC Securities, Nirmal Bang Institutional and Sharekhan giving it a ‘BUY’ in the past seven days. However, that’s not stopped ICICI Prudential Life Insurance from disposing 52.5 lakh in the company in a bulk deal.

The Baseline

01 Sep 2020

Five Interesting Stocks Today

RBL Bank: This Mumbai-based bank’s CEO and MD sold 18.92 lakh shares valued at Rs. 38.5 crore. The private-sector bank saw a 47.1% drop in profits in Q1 FY21.
Aavas Financiers: This housing finance company saw four bulk deals on August 31, including the sale of 25.5 lakh shares or 3.27% equity valued at Rs. 365 crore by its PE Promoter Partner Group. 5.2 lakh shares were picked up by Nomura Investment Fund Mother Fund and New World Fund INC each at an average share price of 1,410 per share.
Essel Propack: This packaging company, backed by the Blackstone Group has seen its price increase by 103% since March, reaching an all time high in the process and has recently entered the health, hygiene and hand sanitizer market.
Petronet LNG: This energy company is in the buy zone per its PE and it saw a higher than expected earnings against analysts’ estimates for its April to June quarter. The stock’s price is now only 9.6% off its pre-pandemic price, despite the energy industry being hit hard.
PNC Infratech: This construction engineering company saw a 28.3% drop in consolidated net revenue for the previous quarter but top brokerages including HDFC Securities, Arihant Capital, Nirmal Bang Institutional and ICICI Securities have given it a BUY in the past week.

The Baseline

27 Aug 2020

Five Interesting Stocks Today

1. HDFC Bank: Executive Director Kaizad Bharucha has sold 100,000 shares of the bank through a market sale.

2. Dixon Technologies: Consumer electronics company Dixon Technologies hit an all time high today in share price, and closed 3.2% up on high volumes.

3. Va Tech Wabag: This water treatment company has raised Rs. 120 crore from high networth investors including Rekha Jhunjhunwala, the wife of Rakesh Jhunjhunwala via a preferential issue at Rs. 160 per share, a 42% discount from the current price. Rekha Jhunjhunwala invested Rs. 80 crore for 50 lakh shares.

4. Dhanuka Agritech: This agro-chemical company’s board has approved the buy-back of shares worth Rs. 100 crore at a max price of Rs. 1000 per share. This equity will be extinguished and the paid-up share capital will be reduced.

5. Ramco Systems: This Chennai-based company saw a bulk buy of shares by HDFC Mutual Fund. Back in June when it was trading at Rs. 80, Vijay Kedia picked up 3,39,843 shares in the software company.

The Baseline

25 Aug 2020

Five Interesting Stocks Today

KNR Constructions: The Hyderabad-based construction company is in the final stages of discussions with Singapore-based Cube Highways for sale of 100% stake in KNR's subsidiary at an EV of Rs. 529 crores.
Aarti Drugs:Trading 580% higher over one year; Aarti Drugs, the pharma-subsidiary of the Aarti Group, recently announced a 3:1 bonus issue.
IndiaMART: This B2B Indian e-commerce company has surged by 30% since the beginning of the month, catching the eye of MF managers.
Orient Bell: Porinju Veliyath’s Equity Intelligence India purchased 80,000 in the tile-manufacturing company on August 24. This is the second block deal purchase by Equity Intelligence in the company since June 2020.
Ceat: For the second month in a row, Jwalamukhi Investment Holdings has disposed of its shares in the tyre company.