logo
The Baseline
28 Apr 2021
Five Interesting Stocks Today
  1. Great Eastern Shipping Company: This shipbuilder’s stock has jumped by 11% in the past two weeks while the benchmark Nifty is down by 1.5%. This has prompted a big domestic institutional investor (DII) to buy its shares. This week, HDFC Mutual Fund acquired 31 lakh shares in the company, taking a 2.1% stake via an insider trade.

  2. Delta Corp: This casino operator's non-executive director has resigned from the company, stating 'personal reasons'. The director is none other than Rakesh Jhunjhunwala, who holds a 4.3% stake in the company. 

  3. Nazara Technologies: This newly listed gaming company’s stock is up by 8% in two weeks. This is because it reported revenues of Rs 454 crore in FY21, an 84% rise on a YoY basis. However, the company has not recorded a profit in two years. Earlier this month, IIFL Asset Management decreased its stake in the company by 2.7%, selling 7.4 lakh shares worth Rs 118 crore.

  4. Gateway Distriparks: This logistics company’s stock has hit a two-year high following its Q4FY21 results. It reported a three-fold increase in net profits to Rs 47 crore on a YoY basis, with revenues up 17%. More importantly, the company reduced its net debt by 36% to Rs 440 crore in FY21.

  5. Cyient: This mid-cap IT services company is the pick of brokers. It reported a 47% YoY growth in net profits to Rs 111 crore, with a steady growth in its services and aerospace verticals in Q4. Following its earnings, four brokerages - ICICI Securities, Motilal Oswal, Prabhudas Lilladher, and Axis Direct gave the stock a ‘Buy’ rating with an average target price at an upside of 15%.

More from The Baseline
More from Abdullah Shah
Recommended