Stocks to keep an eye out for: Tata Consumer, Info Edge, SJVN, Sintex Plastics, Cochin Shipyard, Welspun Corp, Automotive Stampings, Seamec, Bliss GVS, RVNL, Navin Fluorine, Havells India, SKF, Godawari Power, Ashiana Housing, Eiko Lifesciences

Stocks that will see action on March 20, 2023

The National Company Law Tribunal (NCLT) has admitted the insolvency plea against Sintex Plastics Technology Ltd (SPTL), a leading maker of water storage tanks and plastic-based interiors.

NCLT admits insolvency plea against Sintex Plastics Technology Ltd

“We hereby inform that a petition filed... against the company by Asset Reconstruction Company has been admitted against the company for which an order has been pronounced by the Ahmedabad bench on February 21, 2023,” the company said in a stock exchange announcement on Tuesday.

Sintex Plastics Tech admitted for insolvency on ARC plea

Sintex Industries (82.58 per cent), Visagar Polytex (74.17 per cent), Antarctica (71.41 per cent) and Sintex Plastics Technology (68.48 per cent) are some of the other big retail holdings.

ITC, HDFC Bank, HUL, RIL and TCS: Retail investors owned Rs 5.71 lakh cr worth 10 stocks in Q3

Onelife Capital Advisors Ltd, Motor & General Finance Ltd, Williamson Magor & Company Ltd and Sintex Plastics Technology Ltd are among the other gainers in the BSE’s ‘B’ group today, 13 February 2023.

Praxis Home Retail Ltd leads gainers in ‘B’ group

Zim Laboratories Ltd, Skipper Ltd, KFin Technologies Ltd and Tarapur Transformers Ltd are among the other losers in the BSE’s ‘B’ group today, 30 December 2022.

Sintex Plastics Technology Ltd leads losers in ‘B’ group

Sintex Plastics Consolidated September 2022 Net Sales at Rs 274.65 crore, up 11.73% Y-o-Y

Sintex Plastics Technology Ltd, TPL Plastech Ltd, Mcleod Russel India Ltd and Country Club Hospitality & Holidays Ltd are among the other losers in the BSE’s ‘B’ group today, 05 July 2022.

Motor & General Finance Ltd leads losers in ‘B’ group

Sintex Plastics Consolidated March 2022 Net Sales at Rs 278.03 crore, down 4.61% Y-o-Y

Sintex Plastics Technology Ltd, Digjam Ltd, Rama Steel Tubes Ltd and Anand Rayons Ltd are among the other losers in the BSE’s ‘B’ group today, 14 January 2022.

Mitsu Chem Plast Ltd leads losers in ‘B’ group

Universus Photo Imagings Ltd, Proseed India Ltd, Jindal Photo Ltd and Sintex Plastics Technology Ltd are among the other losers in the BSE’s ‘B’ group today, 01 December 2021.

Atishay Ltd leads losers in ‘B’ group

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

Fundamentals

Good time to consider, stock is not 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

The Company operates through two divisions - moulding solutions & building products. Moulding solutions is engaged in moulding and post moulding operations. Building product manufactures water storage tanks, prefab and construction for mass housing.

Sintex Plastics Technology Ltd