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The Baseline
17 Sep 2020
Five Interesting Stocks Today

 

  1. 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%.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

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