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The Baseline
30 Mar 2021
Five Interesting Stocks Today
  1. MOIL: This state-owned manganese ore mining company saw a sharp rise in its stock price today by over 13%. In the volatile trading sessions over the past week, the company’s stock price has risen by 6.3%. The stock is currently trading  above all its moving averages.

  2. Navin Fluorine: This fluorochemicals player saw a huge jump in its traded and delivery volumes today, accompanied with a huge rise in its stock price. Its delivery volumes last week were nearly as much as its average delivery volumes in the last six months. The company’s stock price rose nearly 11.5% today. Earlier on March 4, the company’s Executive Chairman Vishad Mafatlal sold part of his holdings amounting to a 0.26% stake out of a total of 3.10% stake in the company for Rs 36.9 crore.

  3. Mahindra & Mahindra (M&M): This conglomerate has seen two analyst upgrades over the past month, but the street does not seem to be as convinced as the stock has fallen 6.5% over the past week. Analysts have an average target price of Rs 874.5 on M&M’s stock, with a 10% upside. 

  4. Adani Total Gas: This Adani Group stock has set the stock markets on fire over the past one year by rising over 10 times in the past 12 months. The stock is currently trading at a TTM PE multiple of 227, which is the highest in the city gas distribution sector and despite its sky-high valuation has a high Trendlyne Momentum score.

  5. Godrej Industries: This stock touched its 52-week high of Rs 550 today, and according to technical indicators like RSI and MFI, the Godrej Industries stock is overbought. Interestingly, the Trendlyne ‘Check Buy or Sell’ feature indicates that the stock is currently in the neutral zone, based on its historical PE.

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