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The Baseline
02 Jan 2021
Five Interesting Stocks Today
  1. Orient Cement: This cement company’s price has jumped by 20% since the month began, higher than the 8.5% gain of the cement industry. Despite the rise, it remains in the neutral zone as its trailing 12-month (TTM) price to earnings ratio of 18 is lower than the median PE of 21.8.

  2. Kotak Mahindra Bank: This private-sector bank’s insiders are disposing equity. In this week alone, over 36,000 shares worth Rs 7.3 crore were disposed in 15 market sales. This includes 15,500 shares worth Rs 3.1 crore disposed by promoters and directors of the company.

  3. KNR Constructions: In December, this infrastructure company’s stock has gained 14% to a new 52-week high and its board approved a bonus issue in a 1:1 ratio. It was also one of two infrastructure companies receiving a ‘Buy’ rating from ICICI Securities in its sector report.

  4. Jindal Poly Films: This polyester-packaging film company’s CEO resigned from the company effective immediately. Its stock price is down by 11.5% since August.

  5. Chemcon Speciality Chemicals: Plutus Wealth Management, a UK-based investment company picked up 10 lakh shares worth Rs 42.8 crore in this chemical company. The company listed on exchanges only in September, at a premium of 71% over its upper IPO price band. Since listing, its price has dropped by 14%.

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