- 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%.
