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APL Apollo Tubes: This steel pipes manufacturer’s promoter, which holds a 35.8% majority stake in the company created a pledge using 76,000 of its shares, valuing the pledge at Rs. 18.3 crores. Prior to this, from the company’s June 2020 shareholding data, no amount of shares were pledged.
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Rain Industries: Mohnish Pabrai’s investment fund has increased its stake in this metals manufacturer by 0.5%. The Pabrai Investment Funds now holds 2.9 crore shares or an 8.7% stake in the company. Dolly Khanna has also upped her stake in the company to 1.6%, holding 56.2 lakh shares. The company’s domestic institutional investment holding (DII) has more than doubled from Q1FY21 to Q2FY21 from 1% to 2.2%.
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Thyrocare Technologies: This diagnostic chain operator’s price has shot up by 29% in the past week to its lifetime high, but with a current PE of 84.8 against an average PE of 42.7 it’s firmly in the sell-zone. Broker reports point to an average downside of 67.4% against its current price.
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TeamLease Services: This online job portal company has seen a big jump in its delivery volume. On October 7, the company’s delivery volume stood at 90.1% of its total traded volume, significantly higher than its average for the rest of the week at 33.1%, monthly average at 65.6%, and 6-month average at 65.4%.
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NCL Industries: The promoter group of this cement manufacturing company has been increasingly repurchasing its equity via market purchases. Just in the first three days of this week over 50,000 shares have been repurchased. Last month, over 6.1 lakh shares were reacquired in 73 separate insider trades.