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The Baseline
24 Nov 2020
Five Interesting Stocks Today
  1. Narayana Hrudayalaya: This hospital chain operator’s stock hit its lifetime high despite weak Q2 performance. It reported a net loss of Rs. 3.4 crores against a profit of Rs. 45.3 crores in the year-ago period, with revenue declining by 26.9% yearly. In the past two weeks, its price has risen by 15%.

  2. CESC: This power-utility company’s stock price is falling with rising delivery volume. The average weekly delivery volume (66.7%) is higher than its monthly weekly delivery volume (43.2%) and 6-month weekly delivery volume (27.5%). Since mid-September, it has lost 13.3%.

  3. InterGlobe Aviation: Thie airline company’s stock is being offloaded by top management. On November 21, its senior vice president and CSO disposed over 21,000 shares at Rs. 3.6 crores via two market sales. In November, over 38,700 shares at Rs. 6.3 crores were disposed by top management personnel via 9 market sales.

  4. Blue Star: Brokers have changed their tune on this airconditioner company following its Q2 results. Nirmal Bang and Dolat Capital have downgraded the stock to ‘Accumulate’ and ‘Sell’ with an average broker target price at a downside of 16.9% against its current price.

  5. Aavas Financiers: This housing finance company recently saw a big shareholding change. Au Small Finance Bank divested its 4.5% stake, while Nomura India Investment Fund and SBI Life Insurance acquired 9 lakh and 6.6 lakh shares for a 1.1% and a 0.8% stake in the company respectively. Since late September 2020, this housing finance company’s stock has risen by 16.5%.

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