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Sequent Scientific: This pharmaceutical company’s promoter group has been steadily disposing its equity. Since the month began, the promoter group disposed over 8 lakh shares worth Rs. 13.8 crores in 8 market sales.
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Ramkrishna Forgings: This carbon and steel manufacturing company’s stock is trading with high delivery volume. The stock’s daily delivery volume (75%) on 14 December jumped over its weekly (25.4%) and monthly (44.8%) delivery average. This rising delivery is accompanied by rising price as its stock has risen by 45% since October.
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Rashtriya Chemicals & Fertilizers: This chemical company’s price has shot up by 30% since November and is 4% off its 52-week high. However, it still remains historically undervalued, as its current trading 12-month PE of 8.9 is below its average PE of 21.4, putting it in the ‘buy zone.’
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Chalet Hotels: With a Covid-19 vaccine being deployed, this hotel operator’s stock is rising. Since the month began its stock has climbed 30% and the rating agency ICRA has upgraded its term loans from BB+ to BBB+, and short-term loans from A4+ to A2.
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Nesco: Mutual funds are trimming their holding in this engineering company. Since May 2020, mutual funds have sold over 1.3 lakh shares in the company. November was the seventh straight month of mutual fund outflows.