The Baseline    
20 Nov 2020
Five Interesting Stocks Today
  1. Thyrocare Technologies: This diagnostic chains operator’s delivery volume has doubled since November 11 from 27.5% to 58.2%. The delivery volume is higher than its weekly average (46.7%), monthly average (38.5%), and 6-month average (26%). This rise in delivery is coupled with its share price dropped by 17.4% since October.
     
  2. KNR Constructions: Brokers remain bullish on this construction company despite Q2 PAT declining by 29% y-o-y. ICICI Securities, HDFC Securities, Motilal Oswal, and Dolat Capital maintained a ‘Buy’ on the company and raised the target price. The average broker target price is 37.2% higher than the current price.
     
  3. PTC India: This energy company has seen mutual funds continue to cut their holding. On 17 November, Aditya Birla Sun Life Mutual Fund disposed of 60 lakh shares in the company via a market sale. This is the second disposal after it sold 59.2 lakh shares on October 20. In total, the mutual fund disposed of a 4% stake in the company. Its mutual fund holding has dropped for 8 consecutive quarters, from 14.5% in September 2018 to 6.4% in September 2020.
     
  4. Gulf Oil Lubricants of India: This oil company under the Hinduja Group’s share price has jumped by 18.6% in the past week to a 6-month high and is 10% off its 52-week high. However, with a trading twelve months (TTM) PE ratio of 23.8, against an average PE of 30.6, it’s still in the ‘buy zone.’
     
  5. Dixon Technologies: On November 18, this consumer electronics company’s insiders have disposed of over 3,400 shares at Rs. 3.5 crores via 12 separate market sales. Its price has surged by 20% in one month.
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