1. JSW Energy: The promoter groups of this power company received a total of 1.1 crore shares valued at Rs. 67.9 crores as revocation of pledged shares. The company’s pledged shareholding is 44.5% of promoter holding.
2. Shree Cements: This cement manufacturing company’s price has jumped by 17.8% since October, reaching a new 52-week high. It’s now 3.4% off its lifetime high. Its peers in the cement industry, ACC, Ambuja Cement and UltraTech Cement, each made record-highs in the past month.
3. Gujarat Gas: This natural gas distribution company’s Q2FY21 net profit stood at Rs. 475 crores, an 8-fold jump against the year-ago period. Following its strong earnings, brokers were upbeat. BOB Capital Markets and ICICI Securities upgraded their recommendations to ‘Buy’ each. The average broker target price following the Q2 results is an upside of 16% against the company’s trading price.
4. Divi’s Laboratories: This pharmaceutical company promoter and board members are disposing of its stock. In the past week, the company’s whole-time director and promoter disposed of over 10,600 shares at Rs. 3.5 crores. In total, insiders have disposed of over 13,900 shares at Rs. 4.6 crores since the beginning of the month, with the stock price rising by 12.6%.
5. Siemens: Mutual funds have turned cold on this power distribution company. In February 2020, mutual funds held over 1.2 crore shares, and by October, their holdingdropped by 60% to 50 lakh shares. The company saw mutual funds disposing shares in each of the past 8 months.
