Buzzing stocks: Coal India, Sona BLW, HDFC Life Insurance, Lupin, HDFC Asset Management, Aurobindo Pharma, Axis Bank, Sun Pharma, Kalpataru Power

Stocks to watch on May 31, 2023

Promoters of Kalpataru Projects International Ltd (earlier known as Kalpataru Power Transmission) on Tuesday divested 6 per cent of their stake in the firm for Rs 468 crore through open market transactions.

Kalpataru Projects International promoters divest 6% stake for Rs 468 cr

ICICI Prudential Mutual Fund through its ICICI Prudential Equity & Debt Fund buys additional 14.95 lakh shares in Kalpataru at an average price of Rs 485 per share

Bulk Deals | Kalpataru Power Transmission promoters offload shares worth Rs 467.83 crore

Usually, the Promoter selling stake in the company is seen as a negative by the market.

Kalpataru Power trades lower after large trade. Promoter likely seller

The name was changed after the receipt of approvals from shareholders and regulatory authorities including Ministry of Corporate Affairs, a company statement said.

Kalpataru Power Transmission rechristened as Kalpataru Projects International

Know Your Company | KYC में आज Kalpataru Power के Director, Amit Uplenchwar, संग कंपनी के Q4 नतीजें पर होगी खास बातचीत में. CNBC आवाज की खास सीरीज में आज @NeerajCNBC बात करेंगे कलपतरु पावर के डायरेक्टर... Amit Uplenchwar से | @kptlofficial |

#kalpatarupowerq4 #amituplenchwar  #kalpatarupower #q4withawaaz  #sharemarketnow  #stockmarketindia  #stockmarketindanews 

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KYC में आज Kalpataru Power के Director, Amit Uplenchwar, संग कंपनी के Q4 नतीजें पर होगी खास बातचीत

Prabhudas Lilladher is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 625 in its research report dated May 09, 2023.

Buy Kalpataru Power Transmission; target of Rs 625: Prabhudas Lilladher

Sharekhan is bullish on Kalpataru Power Transmission has recommended buy rating on the stock with a target price of Rs 695 in its research report dated May 09, 2023.

Buy Kalpataru Power Transmission; target of Rs 695: Sharekhan

Emkay Global Financial is bullish on Kalpataru Power has recommended buy rating on the stock with a target price of Rs 701 in its research report dated May 10, 2023.

Buy Kalpataru Power; target of Rs 701: Emkay Global Financial

Results Review for Aarti Industries, Westlife Foodworld, Kalpataru Power

Stocks to watch before going into market today.

Stocks To Watch: Pidilite, Kalpataru Power, Mahanagar Gas, Lupin, Apollo Tyres, Greenply Industries

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced but is in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Kalpataru Power Transmission Limited is an engineering, procurement and construction (EPC) contracting company. The Company manufactures metal frameworks or skeletons for construction and parts, such as towers, masts, trusses and bridges.