Steel Authority of India: Brokers are maintaining their optimism on this PSU steel maker’s stock. Motilal Oswal maintained a “Buy” rating on its stock and raised its target price to a 37% upside against its current price. This is the third target price upgrade by the brokerage in 2021. ICICI Direct also held its “Buy” rating citing the company’s debt reduction of Rs 16,200 crore in FY21.

Krishna Institute of Medical Sciences: This healthcare facility company’s listing resulted in listing gains for a superstar investor. Its shares debuted at Rs 1,008 per share, a 22% premium to the issue price of Rs 825 per share. On the day of KIMS’ listing, Ashish Kacholia sold 4.2 lakh shares at Rs 959.6 per share. He made a Rs 5.7 crore listing gain. During the IPO, Kacholia applied for 20 lakh shares. The stock is down 6% since listing on Monday.

JK Cement: This cement maker’s promoters are selling shares in droves via insider trades. On Tuesday, promoters sold 2,000 shares for Rs 56 lakh. This was the nineteenth insider trade by promoters last month. In total, promoters sold over 30,000 shares worth Rs 8.3 crore in June.

Macrotech Developers: This real estate company’s stock rose as its promoters repaid debt worth Rs 1,596 crore back to the company. This pushed the company’s stock up by 3% on Wednesday, June 30 close to its highest point since listing on April 19. The company plans to reduce net debt by Rs 10,000 crore in FY22. This will prove to be a difficult feat as the company’s total debt as of March 2021 was Rs 17,776 crore with a debt-to-equity ratio of 3.4 times.

Uflex: This packaging company’s stock hit a new all-time high this week after announcing its Q4FY21 results. Revenues grew by 45% YoY and net profits jumped 2.6 times. A day after hitting its lifetime high, the stock fell by 5%. However, the rally pushed its price well into the overbought zone per technical indicators like the relative strength index (at 83.1; over 70 is considered overbought) and the Money Flow Index (at 95.5; over 80 is considered overbought).