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VST Industries: D-Mart founder Radhakishan Damani has increased his stake in this tobacco company in Q3. He now holds a 31% stake in the company worth Rs 1,756 crore.
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Deepak Nitrite: This chemical company’s stock surged by 45% since November to a lifetime high. Amid this rally, domestic institutional investors are booking profits and disposing of their stake in the company. IDFC Sterling Value Fund, India Capital Fund, Franklin India Smaller Companies Fund, and Reliance Capital Trustee have each decreased their stake in the company in Q3FY21.
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Huhtamaki India: This packaging company’s stock is up by 10% in the past three weeks. Despite the price rise, its trailing 12-month (TTM) PE of 14.6 is below its average historic PE of 31.7, putting it in the buy zone.
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Hindustan Copper: This mining company’s stock has jumped by 46% in the past month, rising above its 200-day, 100-day, and 50-day exponential moving average (EMA). Despite the rise, its relative strength index (RSI), and money flow index (MFI) remain mid-range.
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Tata Chemicals: This chemical company’s domestic institutional investor (DII), ICICI Prudential Mutual Fund, which holds a 5.1% stake, disposed over 3.8 lakh shares via a single market sale. Last month, its promoter Tata Sons acquired nearly 90 lakh shares increasing its stake by 3.5%.