UTI Asset Management Company: This mutual fund asset management company was the highest gainer on Thursday June 24, ending the day up by 12.7%. The stock also touched a 52-week high during the day, before ending lower. This stock traded with 4 times more volumes than its weekly average of around 5 lakhs shares.

HFCL: This telecom company’s stock was second  among the most overbought stocks according to technical indicators like RSI and MFI on Thursday. This stock is currently trading above all its simple moving averages. This stock has been rising for the past week (and touched a 52-week high of Rs 72.70 on June 22) after it announced that it is building a portfolio of products for the upcoming fifth generation of 5G technology upgrade in mobile telephony in India, along with rising fiberisation of home broadband. The company is the largest producer of fibre-to-the-home cables in India.

Wockhardt: This pharmaceutical company’s stock is the worst performing stock compared to the Nifty 500 in terms of relative returns over the past week. While the Nifty 500 has stayed flat over the past week, Wokhardt’s stock fell nearly 12%. Most of this underpermance is due to the company’s weak Q4FY21 results as it posted a Rs 92.4 crore loss compared to a Rs 48.3 crore loss in the year ago period. But the stock was already on a downward trend since hitting its 52-week high of Rs 804.90 on May 26, 2021.

Glenmark Pharmaceuticals: This pharma company saw its promoter Glen Saldanha buy shares in small trades over the past two weeks. Although the trades are small with Saldanha buying 6,500 shares and 1,370 shares on June 9 in two separate trades, and 2,800 shares on June 22, promoters buying shares in their company’s is usually a positive sign for investors. These trades also come after the company’s stock hit a 52-week high of Rs 658.20 on June 11, 2021.

JK Lakshmi Cement: This cement company stock got five target price upgrades by brokerages over the past one month. Analysts are upbeat because the company posted a 17.6% YoY rise in sales volumes of cement in Q4FY21, which was above the industry average growth. This helped the company’s revenues rise 25% YoY during the quarter to Rs 1,451.7 crore, and profits rise by 63.5% YoY to Rs 153 crore. It seems like the market has caught up with this optimism baked into these target price upgrades, as the stock is trading above the average target price of Rs 516.67.