Adani Transmission: This power transmission company’s stock rose 74.7% over the last month and is currently the most overbought stock out of the Nifty500 stocks. It is strongly overvalued according to technical indicators like RSI over 70 and MFI and is trading above all the simple moving averages. This company’s shares are the best performing in the Nifty 500.

AU Small Finance Bank: This small finance bank has seen high level exits over the past few months, and now its head of internal audit Sumit Dhir resigned for personal reasons. The company’s management clarified that it is still in discussions with him to retain his services. This dragged the company’s stock down by 12% on Tuesday as investors were jittery about another high level exit after the bank’s Chief Risk Officer Alok Gupta quit in July, a few months after taking up his position. The bank said there have been no other exits from top management apart from these two.

PI Industries: This agrochemical company has impressed analysts with six brokerages upgrading their target prices for the company’s shares of the past one month. In Q1FY22, the company posted a 12.6% rise in revenues to Rs 1,194 crore and net profit was up 22.3% YoY to Rs 187.2 crore. On a sequential basis, revenues were flat, and profits rose by 4.1.%  Analysts are enthused by the company’s foray into the pharmaceutical space by acquiring Ind-Swift Laboratories’ active pharmaceutical ingredients business for nearly Rs 1,530 core. 

Infibeam Avenues: This fintech company’s rose nearly 19% and ended trade at Rs 47.35 and saw its weekly volumes rise nearly four times its weekly average of 82 lakh shares. This is a stock volatile over the past 4-5 months as it has hovered between Rs 39-55 for the past one year, with many ups and downs. The stock crossed all its simple moving averages on Tuesday.

Max Healthcare Institute: This hospital chain company’s stock rose nearly 15% in two sessions at the end of Tuesday and touched a new 52-week high of Rs 398.85, before ending at Rs 386.10. The company announced on Friday, after market hours, that its subsidiary bought the rights to develop a 500-bed hospital at Saket in South Delhi. The land on which the hospital will be built is situated between two of its existing hospitals in that area. Once all its facilities are integrated in Saket, Max Healthcare will have amongst the largest healthcare complexes in Asia with an over 2,300 bed integrated facility in Saket by 2024.