Happiest Minds: This IT services company’s stock is the most overbought stock among the Nifty 500, according to technical indicators like RSI and MFI. This stock rose nearly 27% in four trading sessions over the past one week before paring some of these gains on Tuesday. But this is nothing compared to the over 600% or seven-fold rise in the stock price ever since it listed back in September 2020 with an issue price of Rs 166.  

Minda Industries: This auto component maker’s stock got six target price upgrades from analysts over the past month, which indicates an average upside of nearly 13% from Tuesday’s closing price. The content per vehicle of the company’s products steadily rose to 10-15% in Q4FY21. It makes products like switches, sensors,  horns and lights. The company’s Q4FY21 net profit rose 20 times to Rs 140 crore due to a 65% rise in revenues to Rs 2,247 crore as Minda added more clients.

HFCL: This optical fibre maker’s stock was the best performing  Nifty 500 stock over the past week (till Tuesday) rising nearly 30%, while the index rose a mere 0.7%. The stock started its upward trend from April 2021 onwards ending with the company’s market value crossing Rs 10,000 crore. The company’s market value has more than tripled in the past two-and-a-half months. 

Orchid Pharma: This pharmaceutical company’s new promoter Dhanuka Laboratories pledged 29.4% of its shareholding in the company on June 30, 2021. The promoter has also given an undertaking to lenders that the company will not sell another 19.6% stake. This comes five days after the promoter sold 8.04% stake in an offer for sale bringing down its stake in the company to 89.96%. Dhanuka Laboratories acquired the company through an insolvency process nearly 15 months ago. Before the offer for sale, due to low free float, the stock price rose to Rs 2,500 levels in April 2021, and over the next three months the stock fell below Rs 800.

JK Lakshmi Cement: This cement maker’s stock saw its trading volumes blow past its weekly average volumes on Tuesday. The stock’s volumes rose nearly 16.6 times its average weekly volumes of 2.7 lakh shares. The company’s stock was also the highest gainer on Tuesday, ending up 8.4%. The stock is trading above all its simple moving averages.