Neuland Laboratories: Land-Banking company

CMP: ₹23,995 - a new high, near/above the previous 52-week high (₹23,899) Price Movement: The stock has more than doubled over the past year (from a 52-week low of ₹11,500), with strong 1-month momentum. It's now trading at fresh highs, and technicals have stayed bullish with RSI readings near overbought territory.

's board approved ₹126 crore to acquire 134 acres in Kakinada, Andhra Pradesh (plus ROFR on 66 more acres), funded entirely through internal accruals, no debt, no dilution. Positives: Debt-free capacity planning, strong multi-year price trend, sustained institutional confidence. Concerns: No disclosed plant timeline or capex plan yet, this is land-banking, not new output. Valuation is rich (PE 50-60x+), and the stock is at all-time highs, leaving little margin of safety. Why it stands out right now: Tomorrow, September 9, is confirmed as a genuinely rare event - six mainboard IPOs open on the same day, together raising roughly ₹4,400–4,500 crore. Multiple sources describe this as the biggest single-day IPO rush in 30 years.