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The Baseline
08 Apr 2021
Five Interesting Stocks Today
  1. JSW Steel: This steel company stock rallied to its 52-week high today after it reported a 6% YoY rise in its crude steel production for the Q4FY21, while its long rolled products production rose 11% YoY and flat rolled products production rose by 6% YoY.

  2. Tata Metaliks: This pig iron and ductile iron pipes maker was one of the volume shockers today with 1.1 million shares changing hands, and its stock price ended up 5.7%. This pushed the stock into the Potential PE Sell Zone.

  3. Somany Home Innovation: This consumer appliance company is in the radar of Sunil Singhania’s Abakkus Growth Fund-1 and Porinju Veliyath’s Eq India Fund. Abakkus bought an additional 0.17% stake (total 3.51%) in Q4FY21 and Eq India Fund bought an additional 0.60% stake (total 2.14%) during the quarter.

  4. Tanla Platforms: This communications platform as a service (CPaaS) company has hired a new CFO, Aravind Viswanathan, former Senior Vice President and CFO of one of Wipro’s business verticals.

  5. ICICI Bank: This private bank has seen target price upgrades in the past month by three brokerages and currently has an average target price of Rs 610.

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