- MRF: This tyre manufacturing company’s foreign institutional investor (FII) holding has increased to 12.7% in December 2020, from 7.4% in September 2020. This is its highest FII holding in over two years. However, domestic mutual funds have decreased their holding in the company from 9.9% in Q2 to 7.9% in Q3.
- Jyothy Labs: This FMCG company’s stock price is up by 11% in one month and is less than 3% off its 52-week high. This rally has pushed its trailing 12-month price to earnings (PE) ratio of 30.6 closer to its average historic PE of 34.2, nearing the sell-zone.
- GMM Pfaudler: The chief financial officer of this glass-lined equipment maker resigned on January 20. Its stock has not recovered from its heavily discounted offer for sale in September 2020, down by 34% since then.
- Force Motors: Mutual funds are turning bullish on this automobile manufacturing company. In December 2020, mutual funds purchased over 50,000 shares in the company, increasing their holding by 63% from November 2020.
- Indian Energy Exchange: This power trading exchange’s stock has rallied by 10% in one week. Its board will meet on January 21 to announce the Q3 results and to consider the declaration of an interim dividend.
