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Adani Green Energy: Promoter insider buys via market purchases are happening in this Adani stock, as the company's share price continues its descent. The most recent buy happened yesterday with Infinite Trade buying 1.7 million shares. and its stake in the company has risen from 1.4% on June 11 to 2.55% as of June 29.
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SRF: Technical textile and chemicals company SRF hit its lifetime high as the company envisions significant capex of Rs 1,600-1,900 crore in FY22, primarily through internal accruals which will be invested in building chemicals capacity. In terms of technicals the company's RSI and MFI are midrange, and it's trading above all its SMAs.
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Bharat Forge: This auto components company has got the notice of brokerages, receiving 5 price target updates and 2 brokerage buy calls in the past month alone. The company has recently positioned itself as a defence supplier as the Indian Government looks to procure domestically, and the business recently won a Rs. 178 crore order for the supply of Kalyani M4 vehicles.
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Sequent Scientific: Improvements in the company's credit ratings have aided this pharmaceutical business, and Sequent has been a sharp outperformer to the Nifty50 both in the short and long term, rising nearly 250% over the past one year. Its PE is at high levels however, placing the company in the sell zone as per its consolidated PE.
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Triveni Turbine: This turbine manufacturer hit fresh highs today after announcing strong Q4 results this week. As immediate post result profit booking petered out, the stock has seen a drop in delivery with a rise in price. While it has been a strong performer in share price over the past six months, it's a muted long term performer - its share price has increased by a low single digit percentage in the last five years.