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The Baseline
20 Apr 2021
Five Interesting Stocks Today
  1. ESAB India: This welding equipment maker is seeing mutual funds and FIIs taking contrary views on its outlook. While FIIs reduced their stake in the company by 6.1% in Q4FY21, mutual funds increased their stake by 8.1% in the same period.

  2. Granules India: Lenders released 17.9 lakh shares of this pharma company that were pledged by its Chairman and Managing Director Krishna Prasad Chigurupati. This amounts to 0.72% stake in the company.

  3. Ultratech Cement: This cement maker’s stock saw nearly 13 lakh shares change hands today, and was one of the worst performers among the Nifty 500 stocks. Its delivery volumes over the past week were higher than the average monthly delivery volumes.

  4. Wockhardt: This pharmaceutical company was the highest gainer in trade today as the street turned to the pharma sector after the Centre expanded the eligibility criteria for Covid19 vaccination to anyone above 18 years of age.

  5. Wipro: This IT services company’s shares have outperformed the Nifty 50 in the past one week, rising 8.6% compared to the Nifty’s 0.1% fall. Its other tier IT services peers have been volatile over the past week.

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