
The maximum recovery screener identifies those stocks that have seen recent, rapid recovery from their year lows (Click on the last column, and you can also see maximum recoveries over the last year).
Among these stocks is recent overperformer Divi's Labs. The stock is rising after previous observations imposed by the FDA on unit 2 of its Vizag plant were "completed and resolved" by the Authority. This could potentially lead to a lifting of the import alert from its Vizag facility. The import alert had been imposed on the Divis Lab facility in March, and the FDA had issued another warning letter in May. This had limited Divi's exports to the US, and the FDA had also mandated random testing of all products imported from the plant.
Other stocks that have seen recent sharp recoveries include TV Today Network and Lakshmi Machine Works. Lakshmi Machine Works has been previously written about, as a key stock in superstar shareholder Nemish Shah's portfolio. For the full screener click here.