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EID Parry: This sugar producer’s stock is up by 11% in two weeks and is now 4.3% off its 52-week high and 8% off its lifetime high. Its valuation remains cheap relative to its historic average as its trailing 12-month (TTM) price to earnings (PE) ratio is 10.2 times, below the median PE ratio of 33.7 times. This puts it in the buy zone.
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Acrysil: This household appliances maker’s marquee investor has cut its stake. This week, Ashish Kacholia’s Everest Finance & Investment Co, sold 5.3 lakh shares, cutting its stake by 2%. The company also counts Sunil Singhania’s Abakkus Asset Managers as an institutional investor, holding a 6.4% stake.
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Indian Railway Catering & Tourism Corporation: This railway company has caught the eye of mutual funds. At the end of January 2021, mutual funds held 81.4 lakh shares in the company, up from 50 lakh shares in December 2020. In one month, its stock price has jumped 34%.
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Ajanta Pharma: This pharmaceutical company’s stock is falling and its delivery volume is rising. Its average delivery volume this week jumped to 56%, ranging from 29% to 70%. This is higher than the average monthly delivery volume of 41%. Its stock price is down by 5% in two weeks.
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State Bank of India: This public sector bank’s index outperformance has paused. In the past month and quarter, its stock beat the benchmark Nifty 50 by 14% and 40% respectively reaching a lifetime high. However, in the past week, it has underperformed the Nifty 50 by 4%.