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Pyramid Technoplast is an industrial packaging company engaged in the business of manufacturing polymer-based molded products (Polymer Drums) mainly used by chemical, agrochemical, specialty chemical and pharmaceutical companies for their packaging requirements.

​There is still some juice to go because there are still few sectors which look very like reasonably valued, maybe not that cheap like six to seven months ago, but some of them look reasonably valued.

The attainment of new 52-week highs by APL Apollo Tubes, Shriram Finance, Mphasis, Sun TV Network, and other Nifty Midcap stocks on August 24 signifies their outstanding market performance and growth prospects.

ETMarkets conducted an additional screening and pinpointed 9 companies whose current PE multiple stands at half of their five-year average. Notably, all nine of these stocks have exhibited positive price returns in the current fiscal year 2024, and among them, 4 have experienced significant surges ranging from 25% to 44% during the same period.

A total of 382,751 shares changed hands on the counter till time (IST).

On the technical charts, the RSI of the stock stood at 61.22.

As of 30-Jun-2023, promoters held 38.05 per cent stake in the company, while FIIs held 19.76 per cent and domestic institutional investors had 8.76 per cent.

​As that market starts getting saturated, all platforms are A) targeting the next set of consumers and also the next set of suppliers. And SMEs in overall retail universe, they have accounted for almost two-third of the Indian retail, but they have been under-represented in e-commerce space so far.

The stock traded at a P/E multiple of 178.33, while the price-to-book value ratio stood at 4.96.

"We are very bullish on IT stocks and Coforge is one of those names which we all have in our IT basket as well. My sense is this stock can revisit its December 21 highs, somewhere around the 5800-5900 mark. From a positional perspective, from a delivery perspective looks good. From a trading perspective, I think there is a good chance we head towards the 5400 mark. So Coforge would be my pick amongst the names. IT as a basket is something that we are liking in particular."