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The Baseline
07 Apr 2021
Five Interesting Stocks Today
  1. Steel Authority of India (SAIL): This PSU-steel producer’s stock has jumped 28.5% in two weeks reaching a new 52-week high. The jump is on the back of its increased output and sales. In Q4FY21, the steel producer recorded its best-ever quarterly sales at 4.3 million tonnes (MT), a 14% jump on a YoY basis with steel production increasing by 6% to 4.5 MT.

  2. Glenmark Pharmaceuticals: This pharmaceutical company’s stock is up by 10% in two weeks and is less than 8% off its 52-week high. Even with the price rise, its valuation remains in check. Its trailing twelve-month (TTM) price to earnings (PE) ratio is 14.5, this is lower than the average PE of 25.7, putting it in the buy zone.

  3. Saregama India:  This music label, which counts Sunil Singhania’s Abakkus Fund as its institutional investor has jumped by 107% since the beginning of the year. It’s now trading over all its moving averages and its relative strength index (RSI) has moved over 70, putting it in the overbought zone.

  4. VST Tiller Tractors: After hitting a five-month low, this tractor maker’s stock is up by 8%. This is due to its robust sales in March 2021 at 3,787 units, a 91% jump on a YoY basis, and a 42% jump from the previous month’s sales.

  5. Neuland Laboratories: This pharmaceutical company’s stock has hit a new lifetime high on the back of a superstar’s purchase. In Q4FY21, superstar investor Dolly Khanna purchased a 1.2% stake in the company acquiring 1.6 lakh shares for Rs 38 crore.

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