The equity indices extended their losses for the third straight session today. The NSE Nifty 50 fell as much as 0.8%, while the Sensex declined 0.9%. However, we’ve compiled a list of five stocks that were seeing heavy buying in this weak market.
Alkali Metals
The share price of Alkali Metals was locked in the upper circuit of 20% at Rs 108.38 on the BSE. The small-cap stock that is in the business of speciality chemicals surged the highest in the past week among its peers, gaining 30.26%. The stock is still 52% away from its 52-week high of Rs 165. It has delivered a return of almost 17% in the last one month. However, the stock has fallen 7.4% over the past year. On the financial ratio front, Alkali Metals has a price-to-earnings (PE) ratio of -19.03 and a price-to-book (PE) ratio of 2.47.
HLE Galscoat
Similar to Alkaline metals, the share price of HLE Glascoat was also locked in the 20% upper circuit at Rs 362.75 on the BSE, as per the stock stats data on FinanaicalExpress. In the last five trading sessions, HLE Glascoat has risen 28%, while 29.4% in the past one month. However, the stock that is in the heavy engineering business has fallen 16.5% in the previous one year. It has erased over 50% of investors’ wealth in the last three years. HLE Glascoat has a PE ratio of 58.91 and a PB ratio of 4.72. It has a market capitalisation of Rs 2,033.63 crore and a dividend yield of 0.37%.
Tatva Chintan Pharma Chem
Tatva Chintan Pharma Chem’s share price was locked in the upper circuit of 20% at Rs 907.90 on the BSE. The share price of the company has risen 18.8% in the last week and 24% in the past one month. However, the stock has fallen 16.5% in the last one year, 58.6% in the past three years, and erased investors’ money by 60.8% in the previous five years. Tatva Chintan Pharma Chem is in the business of speciality chemicals. It has a PE ratio of 315.32, while a PB ratio of 2.44.
HT Media
HT Media’s share price advanced 20% to lock in the upper circuit at Rs 21.73 on the BSE. There was a sharp buying in the counter around 1:45 PM on May 20. It has given a return of 13% in the last five trading sessions and 5% in the last one month. However, the stock has fallen more than 20% in the previous one year and 32.5% in the past three years. The company, which is in the business of printing and publishing, has a PE ratio of -10.78 and a PB ratio of 0.24. It has a total market capitalisation of Rs 407.78 crore.
Timex Group India
Timex Group India’s share price was locked in the upper circuit of 20% at Rs 250.30 on the BSE. The stock has given a return of 14% in the last five days and 44% in the previous one month. The stock has raised investors’ wealth by 89% in the last one year and 260% in the past three years. Timex Group has a market capitalisation of Rs 2,526.78 crore, with a PE ratio of 80.42 and a PB ratio of 80.42. The small-cap company is in the business of making watches.