
-
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.
-
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.
-
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.
-
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.
-
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.