Info Edge (India): This internet services company’s stock is up by 7% in the month and yet remains cheaply priced per historic valuations. This month, it received Rs 375 crore by selling a 3.5% stake in Zomato, through the food delivery company’s IPO. Its trailing 12-month price to earnings (PE) ratio is 46.6 against a median PE of 72.6 putting it in the buy zone in terms of its historical performance.

Just Dial: This local search engine’s management and promoters are selling shares in large numbers, days after Reliance Industries acquired the company. In the past week, insiders disposed of over 4 crore shares. On July 17, Reliance Industries’ retail subsidiary Reliance Retail Ventures (RRVL) acquired a 41% stake in the company for Rs 3,497 crore. RRVL also made an open offer to take an additional 26% stake.

Persistent Systems: This IT consulting company’s stock jumped by nearly 7% on July 26 to a new all-time high following its strong performance in Q1FY22. Revenues grew by 10% QoQ with net profits up by 9.6%. The company’s EBITDA margins rose by 90 basis points to 14.1% despite higher employee costs due to fresh recruitment. The company also recorded a total contract value of deal wins in Q1FY22 at $245 million (Rs 1,823 crore).

PVR: Brokers think Q2FY22 is when this cinema operator will bounce back. ICICI Direct upgraded its rating on the stock to “Buy” from “Hold” expecting discretionary spending on movies to rise in Q2 as the economy unlocks. Geojit BNP Paribas maintained a “Hold” rating on the stock, expecting footfalls to recover to March 2021 levels (pre second Covid-19 wave) in Q3FY22 with a full recovery due in FY23. The average broker target price is at an upside of 13% against the cinema operator’s current price.

KPIT Technologies: This software company’s stock is trading with high momentum having hit its 52-week high earlier this week. Its relative strength index jumped to 81.3 (an RSI over 70 is considered overbought), its money flow index rose to 83.4 (an MFI over 80 is considered overbought), and it’s trading above all moving averages. The stock’s trailing 12-month PE is 44.8 compared to the Nifty IT’s PE of 31.3.