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Huhtamaki India: Since the beginning of November, this packaging company’s price has risen by 13.3% and is off its 52-week high by 1.7%. Despite this price rise, its trailing 12-month (TTM) P/E of 14.5 is below its average P/E of 32, putting it in the ‘buy-zone.’
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InfoEdge: In the previous month, insiders disposed of over 40,500 shares in this IT-services company for Rs. 8.9 crores via 15 market sales. Its price rose by 18.4% in November, making a new lifetime high.
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Emami: This FMCG conglomerate’s promoter group, holding a 11.4% stake in the company recently created a pledge using 9.5 lakh shares worth nearly Rs. 40 crores. At the end of September 2020, pledged shareholding was 46.5% of promoter holding, down from 90.6% in the previous quarter.
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Maruti Suzuki: Brokers are bearish on this automobile manufacturer, and its monthly sales numbers don’t help. It received two broker recommendation downgrades in the past month, four downgrades since July, and has an average broker target price 4.3% below its current price. Despite the festive season, its total sales declined by 16% from October to November.
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Phoenix Mills: This realty company is the pick of mutual funds. Since July, mutual funds have acquired 91.6 lakh shares in the company, increasing their stake by 57%. At the end of September 2020 mutual funds held 14.9% of the company, against 5.9% in September 2019.