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Godrej Industries: This business conglomerate’s promoter group Arel Enterprise has been steadily acquiring shares in the company since the beginning of March through insider trades, hiking up its stake from 0.06% to 0.54%.
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Gujarat Narmada Valley Fertilizers & Chemicals: This fertilizer company has outperformed the Nifty50 significantly over the past year, with excess returns of over 85%. Its share price is up 31% over the past month. Pankaj Joshi, the Managing Director said that price growth for major products looks strong for the coming quarters, and that the business has Rs. 500 crore of capex in the pipeline.
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KNR Constructions: Mutual funds bought shares in this construction company in February, with Invesco the biggest buyer. It has seen some downward pressure in share price in the past month, and has seen rising delivery over the past week.
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Motherson Sumi Systems: Brokerages have turned bullish on this auto components manufacturer, which has been a strong outperformer in the index, beating the Nifty50 with excess returns of 179%. Geojit, Edelweiss and Prabhudas Lilladhar made recent buy calls on the stock.
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ITC: This consumer company and cigarette manufacturer gained today after it clarified that news reports on an upcoming demerger were “speculative in nature” without issuing an outright denial. While the company’s technicals are mid-range, it is trading above all its SMAs, and its current PE places it in the buy zone compared to its historical trend.