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.
