The Baseline    
15 Jan 2021, 12:12AM
Five Interesting Stocks Today
  1. Titan Company: This lifestyle and fashion company is witnessing insiders selling. This week its promoter group disposed 50,000 shares worth Rs 5.6 crore via a market sale. Between September 2020 to December 2020, Rakesh and Rekha Jhunjhunwala, who own over 5% of the company, disposed over 18.3 lakh shares. Its stock hit a lifetime high last week.

  2. Burger King India: This quick-service restaurant (QSR) which only listed last month is trading with a declining price and rising delivery. This week, its delivery volume has averaged 51%, higher than its average delivery of 32% since listing on December 14. Its stock price has dropped by 12% since the week began.

  3. Rain Industries: This chemical company’s independent director resigned from her position on the company’s audit committee with immediate effect.

  4. Hindalco Industries: This mining company is seeing mutual funds exit. Between November to December, mutual funds disposed 1.4 crore shares, reducing their stake by 5% month-on-month. This is the highest single month outflow since July when over 2 crore shares were sold.

  5. Sobha: This real estate company reported Rs 888 crore in total sales in Q3, its best-ever quarterly sales. This has piqued the interest of domestic and international brokerages. HDFC Securities named the company as one of its top picks in the real estate sector, and Morgan Stanley raised its target price on the company’s stock.

1 Comment
15 Jan 2021, 07:33PM  Like
The Baseline    
13 Jan 2021
Five Interesting Stocks Today
  1. VST Industries: D-Mart founder Radhakishan Damani has increased his stake in this tobacco company in Q3. He now holds a 31% stake in the company worth Rs 1,756 crore.

  2. Deepak Nitrite: This chemical company’s stock surged by 45% since November to a lifetime high. Amid this rally, domestic institutional investors are booking profits and disposing of their stake in the company. IDFC Sterling Value Fund, India Capital Fund, Franklin India Smaller Companies Fund, and Reliance Capital Trustee have each decreased their stake in the company in Q3FY21.

  3. Huhtamaki India: This packaging company’s stock is up by 10% in the past three weeks. Despite the price rise, its trailing 12-month (TTM) PE of 14.6 is below its average historic PE of 31.7, putting it in the buy zone.

  4. Hindustan Copper: This mining company’s stock has jumped by 46% in the past month, rising above its 200-day, 100-day, and 50-day exponential moving average (EMA). Despite the rise, its relative strength index (RSI), and money flow index (MFI) remain mid-range.

  5. Tata Chemicals: This chemical company’s domestic institutional investor (DII), ICICI Prudential Mutual Fund, which holds a 5.1% stake, disposed over 3.8 lakh shares via a single market sale. Last month, its promoter Tata Sons acquired nearly 90 lakh shares increasing its stake by 3.5%.

4 Comments
nitin458 With the above news on Deepak Nitrate, should we exit or hold ??
13 Jan 2021  Like
The Baseline Hi Nitin, While we don't give recos, you can check Deepak Nitrite's PE buy/sell zone to check if it's becoming too expensive for you. You also have the option of waiting for results before exiting/holding. Buy/Sell Zone: https://trendlyne.com/tools/buy-sell-...
13 Jan 2021  Like

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The Baseline    
08 Jan 2021
Five Interesting Stocks Today
  1. Hemisphere Properties India: This special purpose vehicle (SPV) company owned by Tata Communications is being sold off by a major investor. Eastbridge Capital, its foreign institutional investor (FII) sold 32.7 lakh shares decreasing its stake by 1.1% via a market sale. This sale was a month after the FII acquired 1.6 crore shares in the company.

  2. Excel Industries: This chemical company’s price is up by 8.5% this week, moving above its 20-day, 50-day, and 100-day exponential moving average (EMA). Its relative strength index (RSI) remains mid-range at 47.6.

  3. Ramkrishna Forgings: Since the week began, this industrial equipment manufacturer’s price is up by 12%, pushing up its delivery volume. Its average delivery volume this week was 76.6%, higher than the average monthly delivery volume of 58.7% and average 6-month delivery volume of 42.5%.

  4. CSB Bank: This private sector bank has caught the eye of mutual funds and its promoters are buying back equity. In November 2020, mutual funds held 1.1 crore shares, up from 90.4 lakh shares in June. This week, SBI Mutual Fund acquired over 86,000 shares in the company via a market purchase. In November and December, the bank’s promoters reacquired over 15,000 shares. This was the set of first insider trades in the company since December 2019.

  5. Max Financial Services: This life insurance company’s promoter recently created a pledge using 14.7 lakh shares worth Rs 101.7 crore. As of September 2020, 90.3% of promoter shareholding was pledged, up from 71.5% in December 2019.

2 Comments
09 Jan 2021  Like
11 Jan 2021  Like
The Baseline    
05 Jan 2021
Five Interesting Stocks Today
  1. Eicher Motors: This two-wheeler and commercial vehicle maker’s recovering sales numbers pushed up its stock price. In December 2020, total sales rose by 37% on a yearly basis, and by 16% on a monthly basis. Its price is up by 12% since December 21 nearing a 52-week high.

  2. Rashtriya Chemicals & Fertilizers: This chemical company’s stock is up by 8% in the past two weeks, and is 5% off the 52-week high. Its current trailing 12-month (TTM) PE of 8.7 is below its historic average PE of 21.3, putting it in the buy-zone.

  3. Tata Consultancy Services: This IT-services company’s results are expected later this week, and in anticipation, the stock has jumped 8% since the month began. Its gains have outpaced that of its rivals Wipro and Infosys, which are up by 5.2% and 3.1% respectively.

  4. Punjab National Bank: This public sector bank is being offloaded by mutual funds. Between July to December, mutual funds sold 13.6 crore shares in the company, with net outflows in each month. In that time, its stock declined by 2%, while the benchmark Nifty gained 32% and the Nifty PSU Bank index gained 23%.

  5. City Union Bank: Brokerages are positive about this bank. In the past month, it received one recommendation upgrade and three target price upgrades in four broker reports. Its average broker target price is 8% higher than its market price.

1 Comment
06 Jan 2021  Like
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The Baseline    
02 Jan 2021
Five Interesting Stocks Today
  1. Orient Cement: This cement company’s price has jumped by 20% since the month began, higher than the 8.5% gain of the cement industry. Despite the rise, it remains in the neutral zone as its trailing 12-month (TTM) price to earnings ratio of 18 is lower than the median PE of 21.8.

  2. Kotak Mahindra Bank: This private-sector bank’s insiders are disposing equity. In this week alone, over 36,000 shares worth Rs 7.3 crore were disposed in 15 market sales. This includes 15,500 shares worth Rs 3.1 crore disposed by promoters and directors of the company.

  3. KNR Constructions: In December, this infrastructure company’s stock has gained 14% to a new 52-week high and its board approved a bonus issue in a 1:1 ratio. It was also one of two infrastructure companies receiving a ‘Buy’ rating from ICICI Securities in its sector report.

  4. Jindal Poly Films: This polyester-packaging film company’s CEO resigned from the company effective immediately. Its stock price is down by 11.5% since August.

  5. Chemcon Speciality Chemicals: Plutus Wealth Management, a UK-based investment company picked up 10 lakh shares worth Rs 42.8 crore in this chemical company. The company listed on exchanges only in September, at a premium of 71% over its upper IPO price band. Since listing, its price has dropped by 14%.

2 Comments
03 Jan 2021  Like
javid4 I work in Deepak nitrite , company has bright future and many projects ahead can buy for a long term
04 Jan 2021  Like
Stocks which underperformed the Nifty500 index over the day
Stocks which underperformed the Nifty500 index over the past week
Stocks which underperformed the Nifty500 index over 1 month
Stocks which underperformed the Nifty500 index over the Quarter (Trailing Quarter)
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Stocks which underperformed the Nifty500 index over half year (6 months)