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The Baseline
26 Dec 2020
Five Interesting Stocks Today
  1. Shalby: After Monday’s market fall, this hospital chain operator’s price has jumped by 8.5% and is 2% off its 52-week high. On the back of this price momentum, its delivery volume has shot up. It’s delivery volume this week was 43.7%, against an average monthly delivery volume of 33.4%, and an average 6-month delivery volume of 35.6%.

  2. Max Financial Services: This life insurance company’s managing director and vice-chairman disposed 2 lakh shares worth 12.8 crores via a market sale. Earlier this week, private equity firm KKR, sold 37.4 lakh shares in the company for Rs 245 crores, representing 1.08% of the company.

  3. Alkem Laboratories: This pharmaceutical company’s stock price has jumped by 8% since the end of November, outpacing the Nifty Pharma index which gained 5%. Despite this price rise, its trailing 12-month PE stands at 23.6 times, against a historic PE of 28.8 times, and lower than the Nifty Pharma PE of 37.9 times.

  4. Ujjivan Small Finance Bank: Mutual funds have taken a liking to this small finance bank. Between October to November, mutual funds acquired 38 lakh shares in the company, the third month of successive mutual fund inflow, against 78.8 lakh shares disposed between March to July.

  5. Lemon Tree Hotels: The promoter group of this hotel company disposed 4.1 crore shares, representing 5.1% of the company via a market sale. Its stock rose by nearly 50% between November 24 to December 8 as a Covid-19 vaccine began deployment, but since then is down by 16.5%.

 
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