logo
The Baseline
29 Jan 2021
Five Interesting Stocks Today
  1. Kotak Mahindra Bank: Brokers have changed their tune on this bank following its Q3 results. Two brokerages - HDFC Securities, and Nirmal Bang have downgraded its stock to ‘Sell’ and ‘Accumulate’ respectively. Its price is down by 14% in one month.

  2. Apollo TriCoat Tubes: This pipes manufacturer’s stock is up by 10.5% in one month. After the rally, its trailing 12-month (TTM) price to earnings (P/E) ratio is 34.6, below the median P/E of 60, putting it in the buy-zone.

  3. SBI Cards and Payment Services: This financial services company’s CEO and Managing Director, Ashwini Kumar Tewari tendered his resignation to the company’s board, effective immediately.

  4. Amber Enterprises India: This airconditioner original equipment manufacturer’s stock price is up by 3.7% in one week ahead of its Q3 results scheduled for 30 January. Its stock price rose by 17% between October to December 2020.

  5. Trent: This retail company under the Tata Group’s is being offloaded by mutual funds. In the previous month, mutual funds disposed 71.2 lakh shares. This is the seventh consecutive month in which mutual funds sold more shares than they purchased. On a QoQ basis, mutual funds have decreased their stake to 6.2% in December 2020, from 10.7% in September 2020. 

More from The Baseline
More from Omkar Chitnis
Recommended