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Aarti Industries: This chemicals company’s promoters are selling shares via market sales. This week alone nearly 45,000 shares were sold for Rs 5.4 crore. Since the year began, promoters have sold 1.6 lakh shares worth Rs 19.7 crore, and directors sold 5,400 shares worth Rs 65 lakhs across 14 market sales.
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GMM Pfaudler: This glass-lined equipment manufacturer’s stock is up by 13% in two weeks. This jump has pushed its price over the 200-day exponential moving average (EMA), 100-day EMA, and 50-day EMA. The stock price has still not recovered from its heavily discounted offer for sale (OFS) in September 2020.
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Cochin Shipyard: Mutual funds are selling this shipbuilders shares in droves. In April 2020, mutual funds held 94 lakh shares in the company. Between April to January 2021, they disposed of 97% of their stake, holding just 2.4 lakh shares in the company in January 2021.
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Page Industries: Brokers have turned cold on this innerwear company. In the past month, two brokers - Geojit BNP Paribas and Chola Wealth have downgraded their recommendations on the stock while ICICI Securities and Axis Direct have maintained a ‘Hold’ rating. Its average broker target price is still at a downside of 4% despite its stock dropping by 10% in three weeks.
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Burger King India: This quick-service restaurant’s insiders have pledged shares for the first time since it listed in December 2020. This week, 1.4 lakh shares worth Rs 2 crore were pledged by insiders. Its stock price has dropped by 25% since its first week of trading.