logo
The Baseline
27 Nov 2020
Five Interesting Stocks Today
  1. JSW Energy: This power generation company’s promoters are back to pledging their holding. On 24 November 1.1 crore shares valued at Rs. 69.5 crores were pledged by promoters. Prior to this, between November 1 to November 17, 1.12 crore pledged shares were released for Rs. 67.9 crores. As of September 30, 44.5% of promoter holding was pledged.

  2. Future Consumer: This FMCG company’s CEO Rajnikant Sabnavis resigned from the company with effect from 27 November 2020. In Q2, the company reported a net loss of Rs. 146.8 crores against a net loss of Rs. 16.7 crores in the year-ago period, with quarterly revenue declining by 78.7% on a YoY basis.

  3. Aurobindo Pharma: This pharmaceutical company’s promoter disposed 3 lakh shares in the company valued at Rs. 25.3 crores via a market sale this week. Since November 10, its stock has climbed 13.9% on the back of strong quarterly results. In Q2, the company reported a 26% YoY increase in quarterly net profits at Rs. 805.6 crores with revenues increasing by 13% annually.  

  4. CCL Products: This coffee company’s stock price has increased by 12.8% since the month began and is 5.5% off its 52-week high. However, with a trailing twelve month (TTM) PE of 20.7 against an average PE of 23.9, it remains in the neutral zone. Mutual funds have also been accumulating the stock, doubling their position between January to October 2020.

  5. Gland Pharma: This pharmaceutical company only listed on bourses last week. Despite a big-money public offering of Rs. 6,480 crores at Rs. 1,500 per share, its retail portion was subscribed only 0.24 times. However, it listed at a premium of 14%, and in its first week of trading is up by over 40%.

More from The Baseline
More from Deeksha Janiani
Recommended