JSW Steel: This steel manufacturing company’s promoters are decreasing pledged equity. Since the beginning of the month promoters have received 2.7 crore shares worth Rs. Rs. 997.5 crores as revocation of pledged holdings. Between September 2019 to September 2020, promoters’ pledged shareholding dropped from 50.1% to 26.2%.

IDBI Bank: An independent director of this bank, who also serves as an external member on the RBI’s Monetary Policy Committee (MPC) has tendered her resignation with immediate effect.

Mahindra & Mahindra: This vehicle manufacturer’s chairman emeritus and former CEO disposed over 5,000 shares worth Rs. 37.5 crores via three market sales in the past two weeks. Since the beginning of last month, insiders disposed nearly 85,000 shares worth over Rs. 3 crores.

Lux Industries: This apparel manufacturer’s price has shot up by 15% in the past month, and is 4.8% off its 52-week high. Despite this price increase, its trailing 12-month PE of 28.4 times remains clear of the average historic PE of 37.5 times, putting it in the ‘neutral zone.’

Godrej Industries: This group company’s promoters have been increasing their stake in the company via market purchases. On December 8, over 1 lakh shares worth Rs. 4.5 crores were acquired via two market purchases. In November, 15 lakh shares worth Rs. 63.6 crores were reacquired in six market purchases.