Do you know which stock currently entered into uncharted territory & witnessed huge spurt in delivery volumes?

Poly Medicure is one of the leading medical device companies as well as a major exporter in India. The company has a strong track record of manufacturing high-quality medical devices in eight state-of-the-art manufacturing facilities across the world.   

The stock hit a fresh 52-week high of Rs 570 in the last trading session, which also happens to be the day’s high of Friday’s session. The stock closed around Rs 553.75. It has a recorded volume of over 11.5 lakh, which is the highest daily volume since October 16, 2020. Also, the volumes recorded were greater than its 10 and 30-day average. What is more exciting about this stock apart from the surge in total traded quantity is the delivery quantity and percentage of delivery quantity to traded quantity. The total delivery quantity stood at 7,81,882, which translates into 67.57 per cent of the traded quantity.   

In the quarter ended December 2020, the stock has seen an increase in holdings from the FII/FPI as the holding has increased from 2.86 per cent in September 2020 quarter to 3.75 per cent in December 2020 quarter. This is the highest holding by FII/FPI since December 2019. Further, the numbers of FII/FPI investors have increased from 23 to 30 in December 2020 quarter.   

As an established player of significant scale, the company is set to benefit from various tailwinds in the Indian market. The medical devices export from India outpaces global market growth with a 5-year CAGR of 13 per cent as against global industry growth of 5 per cent mentioned in the investors' presentation of the company.