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The Baseline
19 Feb 2021
Five Interesting Stocks Today
  1. TCNS Clothing Co.: This clothing company’s stock has soared by nearly 50% in two days. Amid this rally, Fidelity Investments sold 21.8 lakh shares for Rs 88 crore in the company through two of its funds. Since the bulk deal, the stock is up by 24%.

  2. JK Cement: This cement maker’s promoter disposed 15,000 shares worth Rs 3.7 crore via two market sales. Since the beginning of the month, the promoter has sold 35,000 shares via five market sales.

  3. Endurance Technologies: This auto-components manufacturer’s independent director has tendered her resignation to the company’s board, effective immediately.

  4. Hindustan Petroleum Corporation: This state-owned O&G company’s stock price has jumped by 8.5% in one week, reaching a new 52-week high. However, it remains in the buy-zone, as its trailing 12-month (TTM) price to earnings (PE) ratio is 4.8 times, which is below the historical average PE of 6.6 times.

  5. Greenply Industries: Mutual funds are lapping up this interiors company’s shares. For the ninth consecutive month, mutual funds have increased their stake in the company, holding over 3 crore shares. At the close of the December 2020 quarter, mutual funds held 25.6% of the company, this is up from 22% in December 2019.

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