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The Baseline
19 May 2021
Five Interesting Stocks Today
  1. Solara Active Pharma Sciences: This active pharmaceutical ingredient maker’s promoter Padmakumar Karunakaran Pillai (10,000 shares) and another promoter group entity Pronomz Ventures LLP (21.5 lakh shares) together sold over 6% stake in the company through an open market sale of nearly 21.6 lakh shares of the company on May 12, 2021.

  2. TCI Express: This logistics company’s stock traded with the highest spike in volumes in trade on Tuesday with volumes spiking to 6.05 lakh shares, which is 3.5 times its weekly average traded volumes. The company’s stock ended up 16.4% at the end of trade.

  3. Hindustan Copper: This government-owned copper integrated copper manufacturer is the best performing stock in the Nifty 500 over the past six months. This is a result of the commodity super-cycle that has seen many metal prices rise to their highest ever levels. The company was fledgling a year ago, posting losses in the quarters ended September 2019 and December 2019. A year later, in the December 2020 quarter it posted a Rs 108 crore profit with revenues rising five times year-on-year.

  4. Balkrishna Industries: This tyre maker’s stock is currently strongly overbought based on technical indicators like RSI and MFI. It has the second highest RSI and MFI indicators among Nifty 500 stocks.

  5. Persistent Systems: This mid-tier IT services company saw eight brokerages upgrade their one-year target price for its stock. Such is the run up in its stock price that the average target price is currently at Rs 1,910.45, which is a 18.1% downside from last traded price of Rs 2,331.40. This stock is currently trading at a TTM PE of 39.5, well above the median for the IT services sector.

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