Cipla: This pharmaceutical company’s stock is down by 8% in one month. However, its fundamentals remain in check. Its revenue and net profit saw strong YoY growth in the December 2020 quarter. However, the price drop has pushed its stock in the buy zone as its trailing 12-month (TTM) price to earnings (PE) ratio of 28 times is now below the average historic PE of 35 times.

Nilkamal: This plastics maker’s top management is purchasing its stock. Last week, the company’s managing director, joint managing director, and executive director acquired nearly 7,000 shares worth Rs 1.2 crore via six market purchases. This is the first set of insider trades in the company since the chairman purchased 1 lakh shares in January 2021.

National Aluminium Company: Mutual funds have changed their minds on this state-owned aluminum company. In February 2021, mutual funds acquired 1.9 crore shares in the company, increasing their stake by 19% on a monthly basis. This is the first time since October 2020 that mutual funds bought more shares than they sold in the company.

Berger Paints: Brokers are bearish on this paints market runner-up. Geojit BNP Paribas downgraded its recommendation on the stock to ‘Sell’ while Chola Wealth and Nirmal Bang maintained their ‘Sell’ rating. The average broker target price is a downside of 24% against the market price.

PI Industries: This chemicals maker’s stock is finally picking up some momentum. In one week its price is up by 4%, pushing above its 200-day simple moving average (SMA), and is now less than 1% off its 100-day SMA and 1.5% off its 50-day SMA. The relative strength index (RSI) remains locked mid-range at 49.2.