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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
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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.
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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.
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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.
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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%.