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RBL Bank: This Mumbai-based bank’s CEO and MD sold 18.92 lakh shares valued at Rs. 38.5 crore. The private-sector bank saw a 47.1% drop in profits in Q1 FY21.
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Aavas Financiers: This housing finance company saw four bulk deals on August 31, including the sale of 25.5 lakh shares or 3.27% equity valued at Rs. 365 crore by its PE Promoter Partner Group. 5.2 lakh shares were picked up by Nomura Investment Fund Mother Fund and New World Fund INC each at an average share price of 1,410 per share.
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Essel Propack: This packaging company, backed by the Blackstone Group has seen its price increase by 103% since March, reaching an all time high in the process and has recently entered the health, hygiene and hand sanitizer market.
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Petronet LNG: This energy company is in the buy zone per its PE and it saw a higher than expected earnings against analysts’ estimates for its April to June quarter. The stock’s price is now only 9.6% off its pre-pandemic price, despite the energy industry being hit hard.
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PNC Infratech: This construction engineering company saw a 28.3% drop in consolidated net revenue for the previous quarter but top brokerages including HDFC Securities, Arihant Capital, Nirmal Bang Institutional and ICICI Securities have given it a BUY in the past week.