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The Baseline
05 Feb 2021
Five Interesting Stocks Today
  1. Aurobindo Pharma: This pharmaceutical company has seen big insider trades in the last few days. This week its promoter group (holding a 33% stake) created a pledge with 90 lakh shares, representing 1.54% of the company. Last week, its domestic institutional investor (DII), HDFC Mutual Fund disposed of 1.1 crore shares, cutting its stake by over 2%.

  2. PNC Infratech: This construction engineering company’s chief financial officer Chakresh Kumar Jain has resigned from his position effective immediately.

  3. Alkem Laboratories: This pharmaceutical company’s stock price is down ahead of its earnings. In the past week, its stock dropped 4%, despite the post-Budget market rally. Its Q3 earnings call is scheduled for 5 February.

  4. Manappuram Finance: This non-banking finance company’s stock price has jumped by 18% in one week, reaching a new 52-week high and is 4% off its lifetime high. With a trailing 12-month (TTM) price to earnings (PE) ratio of 9.3 times, against a historic average PE of 11.7 times, it is in the buy-zone.

  5. IndusInd Bank: This private bank’s stock price is up by 28% in one week outperforming the Nifty 50 by 18.6%. This rise is backed by strong price momentum. Its price is now 62% over its 200-day simple moving average (SMA), the most by any Nifty 50 stock.

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