Kolte-Patil Developers: This real estate company’s chief financial officer (CFO) resigned from the company effective immediately. The company’s stock price sharply recovered by 16% after Monday’s drop, outperforming the Nifty Realty index, down by 2% since the week began.

Persistent Systems: This IT-services company’s price has jumped by 30% since November to hit a lifetime high. The price rise has pushed its trailing 12-month PE from 23.1 to 30.6 times in the past month, placing it in the sell zone.

Hero MotoCorp: Broker excitement towards this two-wheeler market leader has cooled off. ICICI Securities, in its recent report on the automobile industry, downgraded the company’s stock from Buy to Hold. The only downgrade in the two-wheeler market, while its competitor Bajaj Auto received a ‘Buy’ rating.

Chalet Hotels: This hotel company’s promoter recently acquired 1 lakh shares worth Rs 1.8 crore via a market purchase. Since the month began, over 3.2 lakh shares worth Rs 5.6 crore have been acquired by promoters. These acquisitions by promoters were the first insider trades since April 2020.

Birlasoft: This software company’s foreign institutional investor (FII) Acadia Partners sold 67 lakh shares worth Rs 137.6 crore via a bulk deal. Out of this, 8 lakh shares worth Rs 16.4 crore were picked up by four mutual funds - Aditya Birla Sun Life, ICICI Prudential, Invesco, and Avendus.