logo
The Baseline
28 Oct 2020
Five Interesting Stocks Today
  1. Coforge: This software company’s main promoter, which holds a 70.2% stake in the company recently offloaded 38 lakh shares, representing 6.3% in the company for a total of Rs. 878.1 crores via a market sale. Back in June, the promoter disposed of 12.3 lakh shares for Rs. 213.2 crores, representing 1.9% of the company. And in May, HDFC Mutual Fund disposed of 12.6 lakh shares, over 2% of the company.

  2. SBI Cards and Payment Services: This payment’s provider’s stock dropped by over 7% last week, owing to a jump in NPAs for the previous quarter. During this market discount, top management personnel began acquiring the stock, on October 23 over 30,000 shares were acquired in 13 separate transactions, valued at Rs. 2.6 crores. Earlier this week, 6,400 shares in the company were pledged, worth Rs. 51 lakhs.

  3. UltraTech Cement: This cement manufacturer’s stock is only 2% off its 52-week high and 5.6% off its lifetime high. Despite this, with a current P/E of 22 against an average P/E of 39.5, it’s firmly in the buy zone. It also has the second-lowest P/E compared to its cement manufacturing peers.

  4. PTC India: This energy company’s mutual fund holding has dropped for the 9th consecutive quarter, down from 14.5% in September 2018 to 6.4% in September 2020. Most recently, Aditya Birla Sun Life mutual fund, which holds a 5.9% stake in the company disposed of 59.2 lakh shares via a market sale, reducing its stake by 2%.

  5. Narayana Hrudayalaya: This hospital chain has seen its current-day delivery volume (39.2%) slump below its previous day delivery volume (86.2%), weekly delivery volume (66.2%), monthly delivery volume (55.9%), and 6-month delivery volume (59.4%). This fall in delivery is accompanied by a decline in its price, as its share has dropped by 7.6% in the past few weeks.

More from The Baseline
More from Omkar Chitnis
Recommended