Hemisphere Properties India: This special purpose vehicle (SPV) company owned by Tata Communications is being sold off by a major investor. Eastbridge Capital, its foreign institutional investor (FII) sold 32.7 lakh shares decreasing its stake by 1.1% via a market sale. This sale was a month after the FII acquired 1.6 crore shares in the company.

Excel Industries: This chemical company’s price is up by 8.5% this week, moving above its 20-day, 50-day, and 100-day exponential moving average (EMA). Its relative strength index (RSI) remains mid-range at 47.6.

Ramkrishna Forgings: Since the week began, this industrial equipment manufacturer’s price is up by 12%, pushing up its delivery volume. Its average delivery volume this week was 76.6%, higher than the average monthly delivery volume of 58.7% and average 6-month delivery volume of 42.5%.

CSB Bank: This private sector bank has caught the eye of mutual funds and its promoters are buying back equity. In November 2020, mutual funds held 1.1 crore shares, up from 90.4 lakh shares in June. This week, SBI Mutual Fund acquired over 86,000 shares in the company via a market purchase. In November and December, the bank’s promoters reacquired over 15,000 shares. This was the set of first insider trades in the company since December 2019.

Max Financial Services: This life insurance company’s promoter recently created a pledge using 14.7 lakh shares worth Rs 101.7 crore. As of September 2020, 90.3% of promoter shareholding was pledged, up from 71.5% in December 2019.