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The Baseline
24 Mar 2021
Five Interesting Stocks Today

 

  1. Kolte-Patil Developers: This real estate company’s domestic institutional investor decreased its holding. This week, Goldman Sachs India sold 12.7 lakh shares for nearly Rs 30 crore via a bulk deal. The stock is down 12.7% in one month.

  2. Capri Global Capital: This financial services company’s group president and whole-time director has penned his resignation to the company’s board.

  3. Shree Cements: This cement company’s stock is up by 6% in one week and is now less than 2% from its lifetime high. The price rally is pushing its valuation higher. Its trailing twelve-month (TTM) price to earnings (PE) ratio has reached 50.7. This is nearing the average historic PE of 52 times, putting it in the buy zone.

  4. Ashok Leyland: Brokers expect this commercial vehicle (CV) maker to receive a boost due to the new vehicle scrappage policy. Axis Direct in a report expects the company’s sales volume to jump due to the policy as it holds a 33% market share in the medium and heavy CV market.

  5. Sundaram Finance: This non-banking finance company’s (NBFC) stock price is falling but the delivery volume is rising. The stock’s average delivery volume for the week has jumped to 81%, compared to an average monthly delivery volume of 58% and an average 6-month delivery volume of 53%. In the past two weeks, the stock dropped 14%.

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