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The Baseline
30 Dec 2020
Five Interesting Stocks Today
  1. Larsen & Toubro: This construction engineering company’s stock jumped 42% in Q3, pushing its trailing 12-month (TTM) PE from 11.2 to 15.8. Despite this, its TTM PE is below its historic average PE of 24.4, putting it in the buy zone

  2. SBI Life Insurance Company: Brokerages were positive on this life insurance company in Q3. In the past three months, it received one recommendation upgrade and five target price upgrades from brokers. Its average broker target price is 11.8% higher than its market price.

  3. JK Cement: This mutual fund company’s stock is down by 11% since the month began, while the benchmark index is up by 6%. Given its slump, SBI Mutual cut its stake by nearly 1% disposing over 7 lakh shares in the company last week.

  4. Info Edge: This internet company’s chairman and non-executive director recently disposed over 5,700 shares worth Rs 2.6 crore via a market sale. In December, over 77,000 shares worth Rs 23 crore were disposed across 19 market sales

  5. Sumitomo Chemical India: This chemicals company saw massive mutual fund buys this quarter. In September 2020, mutual funds held 52.4 lakh shares, and by December, they acquired an additional 40 lakh shares. Since July, it has seen net mutual fund inflows in every month.

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