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The Baseline
05 Jan 2021
Five Interesting Stocks Today
  1. Eicher Motors: This two-wheeler and commercial vehicle maker’s recovering sales numbers pushed up its stock price. In December 2020, total sales rose by 37% on a yearly basis, and by 16% on a monthly basis. Its price is up by 12% since December 21 nearing a 52-week high.

  2. Rashtriya Chemicals & Fertilizers: This chemical company’s stock is up by 8% in the past two weeks, and is 5% off the 52-week high. Its current trailing 12-month (TTM) PE of 8.7 is below its historic average PE of 21.3, putting it in the buy-zone.

  3. Tata Consultancy Services: This IT-services company’s results are expected later this week, and in anticipation, the stock has jumped 8% since the month began. Its gains have outpaced that of its rivals Wipro and Infosys, which are up by 5.2% and 3.1% respectively.

  4. Punjab National Bank: This public sector bank is being offloaded by mutual funds. Between July to December, mutual funds sold 13.6 crore shares in the company, with net outflows in each month. In that time, its stock declined by 2%, while the benchmark Nifty gained 32% and the Nifty PSU Bank index gained 23%.

  5. City Union Bank: Brokerages are positive about this bank. In the past month, it received one recommendation upgrade and three target price upgrades in four broker reports. Its average broker target price is 8% higher than its market price.

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