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JK Tyre & Industries: This tyre company’s stock is being accumulated by mutual funds. In January 2021, mutual funds bought over 20,200 shares in the company. This is more than the total purchases between September - December 2020 (19,700 shares). Its stock price rose by nearly 70% in January.
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Deepak Nitrite: This chemicals company’s stock price is rising ahead of its earnings. In one week, its price rose by 9% to reach a new lifetime high. Its earnings for the quarter ended December 2020 will be announced on 12 February.
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Avenue Supermarts: This supermarket operator is receiving mixed signals from brokerages. It has received two Buys, Sells, and Holds from six brokerages - Dolat Capital, Prabhudash Lilladher, HDFC Securities, ICICI Securities, Axis Direct, and Geojit BNP Paribas. The average target price is 9% below its market price. The company’s trailing 12-month (TTM) price to earnings is over 200, higher than the average PE of 114 times, placing it in the sell-zone.
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UltraTech Cement: This cement making company’s stock price is up by 20.6% in two weeks, making a new all-time high. Its trailing 12-month (TTM) price to earnings (PE) ratio is 26.9 which is below the average PE of 38.8, putting it in the buy zone despite the rally.
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Banco Products: This auto-components maker’s managing director has tendered his resignation to the company’s board.