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HDFC Bank: This private sector bank’s insiders are selling its shares in droves. Since the beginning of the month, insiders have sold nearly 5 lakh shares worth Rs 7.3 crore in 46 market sales. Last month, over 1 lakh shares were sold for Rs 1.6 crore. In 2021, its stock price is up by 13%.
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Au Small Finance Bank: This small finance bank’s price is up by 20% since the beginning of the month, trading at a 10-month high. Its trailing 12-month (TTM) price to earnings (PE) ratio is 28 times, lower than the historical average PE of 38.2 times, putting it in the buy-zone.
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Jubilant Foodworks: This food services company’s strong quarterly numbers haven’t helped its stock price. In Q3, it reported a 22% YoY jump in net profits, and revenues stayed flat. However, its stock price is down by 4% in one month and it has underperformed the benchmark Nifty 50 by over 5%.
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Lupin: This pharmaceutical company, in which Rakesh Jhunjhunwala holds a 1.6% stake is catching the eye of brokers. After its Q3 results, two brokerages - Geojit BNP Paribas and ICICI Securities upgraded their ratings on the stock to ‘Hold’ and ‘Buy’ respectively. The average broker target price post the quarterly earnings is 7.7% above the market price.
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Thyrocare Technologies: This diagnostic lab operator’s price momentum has tapered off. Its stock price is above the 200-day simple moving average (SMA) but below the 100 and 50-day SMAs. Since reaching a lifetime high in October, its price has dropped by 22%.