Trendlyne Blog: The Baseline, Latest on stock market and finance in India and the world.

18 Nov 2020

Five Interesting Stocks Today

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.

The Baseline

13 Nov 2020

Five Interesting Stocks Today

Forbes & Company: This engineering company under the Shapoorji Pallonji Group has declined by 4% since the beginning of the week and by 11% since the beginning of the month in anticipation of its quarterly results which is expected on 13 November.
Kansai Nerolac Paints: This third largest paint-manufacturing company’s stock price has increased by 7.4% in the past month, and is 8% off its 52-week high and 12.9% off its lifetime high. The two largest pain manufacturing companies (Asian Paints and Berger Paints) each hit their respective lifetime highs last week.
Thyrocare Technologies: This diagnostic chains company has seen its delivery volume spike as its price decreased. Its average weekly delivery volume (52.5%) has jumped over its average monthly delivery volume (38.1%) and average 6-month delivery volume (26.3%), with its price dropping by 7.8% over the past week and by 12.9% since October.
Dixon Technologies: This electronics company’s chairman and CEO have disposed of over 98,000 shares in the company via four market sales valued at Rs. 98.6 crores. Back in September, Vanguard Emerging Markets Fund purchased1.5 lakh shares in the company for Rs. 139.6 crores, in that time its stock has climbed 19.4%.
Crompton Greaves Consumer Electricals: Promoters of this household appliances company have significantly cut their stake. Amalfiaco and MacRitchie, two private equity firms sold 5.5 crore shares or 8.7% of the company, worth Rs. 1,631 crores, while HDFC Life Insurance Company, SBI Mutual Fund, and Societe Generale purchased 1.8 crore shares for Rs. 545.6 crores.

The Baseline created a screener Pharma stocks with recent …

13 Nov 2020

Pharma stocks with recent downturns in share price

Pharma stocks seeing negative week change in share price

The Baseline created a screener Stocks seeing recent share …

12 Nov 2020

Stocks seeing recent share price recovery, in the PE buy zone

Stocks seeing recent recovery in share price that are in the PE buy zone

The Baseline created a screener Stocks seeing recent share …

12 Nov 2020

Stocks seeing recent share price recovery

Companies that have seen a recent recovery in share price

The Baseline

11 Nov 2020, 01:26AM

Five Interesting Stocks Today

1. JK Cement: This cement manufacturing company reported a three-fold increase in net profit for the September quarter, with the management stating that operations have reverted to pre-COVID levels. In the month prior to its earnings reveal, the company’s stock has climbed 31% to reach a new lifetime high.

2. Finolex Industries: This pipes manufacturer’s stock price has increased by 14.1% in the past month and is now 4.1% off its 52-week high. Despite this price increase, with a current P/E of 23 against an average P/E of 25.7, it is still in the neutral zone.

3. Phoenix Mills: This realty company has seen a quarterly increase in its shareholding from Mutual Funds and FIIs. For the quarter ended September 2020, its mutual fund shareholding stood at 14.9%, up from 5.9% a year ago, and its FII holding stood at 33.9%, up from 26.3% a year ago. In that time its promoter holding has dropped from 59.2% to 45.6%.

4. Redington India: This IT-services company price has been moving up in anticipation of its Q2 earnings. Its price has shot up by 6.5% in the past two days, with its results expected on November 12.

5. Century Plywoods: This manufacturer and seller of plywood has seen an increase in delivery volume and price. Its average weekly delivery volume (58.4%) is above its monthly average delivery (38.6%) and 6-month average delivery (37.2%), and its price has surged by 47.2% in the past three months, and is 3.3% off the 52-week high.

The Baseline

06 Nov 2020

Five Interesting Stocks Today

Accelya Solutions India: This IT-services company’s promoter group recently acquired 21.8 lakh shares in the company via an open market offer taking its stake to 89.2%. The company’s stock price has dropped by 22% since mid-October, and its quarterly net profit declined by 93.7%.
Godawari Power & Ispat: This steel and electricity company’s stock is seeing rising delivery with a price increase. Its weekly average delivery volume (66.4%) has moved over its monthly average delivery volume (63.7%) and 6-month average delivery volume (57.9%). Further, its price has more than doubled since August, and surged by 30% in the past month, now trading at a two year high.
Emami: In this past week, the promoters of this grooming products company received 30.5 lakh shares following the revocation of three pledges. This takes the total to 2.7 crore pledged shares revoked, worth over Rs. 975 crores, in the past two months. Between Q1 and Q2, the company’s promoter’s pledge as a percentage of promoter shareholding has dropped from 90.5% to 46.5%.
Adani Ports & Special Economic Zone: This port operator under the Adani Group’s stock has surged by 15.9% since September, and is only 7.9% off its 52-week high and 23% off its lifetime high. With a current P/E of 19.5, below the average P/E of 21.4, it remains in the neutral zone. Despite the historically low valuation, and vicinity to previous price highs the Europacific Growth Fund disposed of 2.5 crore shares in the company worth Rs. 906.7 crores.
CCL Products: This coffee company’s mutual fund holding has been consistently increasing over the past 7 quarters. In March 2019, mutual funds held a 0.5% stake in the company, and in the current quarter, they hold a 12.5% stake. In that time FIIs have cut their stake from 27.5% to 12.2%.

The Baseline created a screener Falling operating costs this …

05 Nov 2020

Falling operating costs this quarter

Companies with falling quarterly operating expenses YoY

The Baseline

04 Nov 2020

Five Interesting Stocks Today

Mphasis: Brokers have grown bullish on this IT-services company following its Q2 results. ICICI Securities and Motilal Oswal upgraded the stock from ‘Hold’ to ‘Buy’ while Prabhudas Lilladhar maintained a ‘Buy,’ all three brokers increased their target price on the company. The company’s net profit moved up by 9.4% on a quarterly basis.
DLF: A US-based investment company that holds a 3.1% stake in this realty company has disposed of 25 lakh shares via a single market sale. The investment company also holds a 7.1% stake in another company in the same industry, Oberoi Realty, and increased its stake in the same by 1.4% acquiring 52.9 lakh shares in March 2020.
Uflex: This packaging company’s promoter group holding a 5.2% stake in the company has received 2.6 lakh shares valued at Rs. 8.8 crores following the revocation of its May 2020 pledge. The company’s pledged shares as a percentage of promoter shareholding dropped from 5.6% to 3% in Q2.
KPIT Technologies: This technology company’s mutual fund shareholding has increased for the 6th straight quarter, from 5.7% in June 2019 to 12.3% in September 2020. However, in the same period, its pledged promoter shareholding has also jumped from 12.2% to 18.1%.
Havells India: This electrical equipment company has jumped by 8% in the past few days due to positive earnings, but brokers are still pessimistic about its long-term prospects. In its last 11 broker reports, the company has received 6 ‘Sell’ ratings, with 5 recommendation downgrades. Its average broker target price is at a downside of 24.9% against its current price.

The Baseline

30 Oct 2020

Five Interesting Stocks Today

Pudumjee Paper Products: The promoter group of this specialty-paper manufacturer has been increasingly reacquiring its equity via market purchases. On October 27, the group acquired 30 lakh shares for Rs. 4.6 crores representing 3.1% of the company, the third round of reacquisition in October. In September and August, over 5.3 lakh shares were reacquired respectively, via 17 separate market purchases.
Crisil: This ratings and analytics company in which Rakesh and Rekha Jhunjhunwala hold a collective 5.5% stake has surged by 19.3% in the past two weeks to reach a new 52-week high.
Praxis Home Retail: This online furniture retail store in which Porinju Veliyath’s Equity Intelligence India Fund holds a 1.8% stake and has increased its stake in this quarter has announced the resignation of its chief financial officer (CFO) and key managerial personnel (KMP) with effect from 31 October.
Alembic Pharmaceuticals: The chairman and promoter of this pharma company has acquired over 18,000 shares via a single market purchase, valuing the insider trade at Rs. 1.7 crores. This is the first acquisition of shares in the company by insiders since December 2019, the rest have all been disposal, most notable of which was the disposal of 4.1 lakh shares for Rs. 39.3 crores via four market sales last month.
The Ramco Cements: Brokers are not too upbeat about this cement manufacturing company. The company received one recommendation upgrade, against 4 downgrades, and 7 target upgrades against 14 downgrades, from a total of 26 broker reports published in 2020. Brokers downgrading the stock include HDFC Securities, KR Choksey, Nirmal Bang, and Prabhudas Lilladhar. It’s average broker target now is a downside of 8.9% against its current price.