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Divi's Laboratories: Mutual funds are trimming their stake in this pharmaceutical company. In January 2021, mutual funds held 32.6 lakh shares in the company, down from 38.1 lakh shares in October 2020. Its stock price is down by 4.5% since the beginning of the year.
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Apollo Tyres: This tyre maker’s promoter group holding a 20.5% stake in the company sold 1.9 crore shares worth Rs 46 crore via a market sale. This is the first insider trade in the company since the year began.
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Aditya Birla Fashion and Retail: Brokers are bullish on this retail company in which Flipkart purchased a 7.8% stake last year. Four brokerages - Edelweiss, HDFC Securities, ICICI Securities, and Sharekhan have signalled a ‘Buy’ on the company’s stock in 2021. Its average broker target price is at an upside of 17.3% above its market price.
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Affle: This mobile marketing company’s stock has rallied by 38% in two weeks. In this rally, its domestic institutional investor has booked profits. Malabar India Fund disposed 5.8 lakh shares in the company, decreasing its stake by 2.25% via a market sale.
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Prism Johnson: This cement manufacturing company’s stock price is beating the Nifty 50, despite the benchmark at a record high. In the past week, the stock’s price is up by 30% relative to the Nifty 50 and by 10% in one month.