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The Baseline
10 Sep 2020
Five Interesting Stocks Today
  1. 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

  2. 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. 

  3. 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.

  4. 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.

  5. 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%.

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