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.
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.
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.
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.