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TVS Motor Company: The stock of the third largest two-wheeler maker in the country is rallying after it finished the quarter on a high. In one week, the stock is up by 20%, and it’s off the 52 week high by 2%. The company reported a 53% YoY growth in revenues, with a 3x YoY jump in net profits. While FY21 was a bad year for two-wheelers, the company’s sales in the last quarter of the year grew by 47% YoY.
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Mastek: This software company reported strong numbers in Q4FY21, but has seen insider selling. In Q4, its revenues rose 43.5% YoY to Rs 483 crore, with net profits up by 94% YoY to Rs 76 crore. A few days before the results, IDFC Mutual Fund, which holds a 3.5% stake, sold over 18,000 shares via an insider trade. The company also counts Ashish Kacholia (2.8% stake) and Sunil Singhania’s Abakkus Fund (5.7% stake) as investors.
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Kotak Mahindra Bank: This private sector bank’s stock is buzzing ahead of its Q4 results. In one week, the stock gained 7%, compared to the Nifty 50’s gain of 4%. The quarterly results will be declared on Monday, May 3.
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Steel Authority of India (SAIL): Mutual funds are accumulating this PSU steel maker’s stock. In Q4FY21, mutual funds purchased 18.4 crore shares in the company. This was a stark turnaround, because mutual funds sold 19.5 crore shares and 39 crore shares in Q2 and Q3 respectively.
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Symphony: Brokers are optimistic on this consumer electronics company following its Q4 results. Its gross margins were 48% due to price hikes taken to offset the rising input price of steel and copper. Two brokerages - Axis Direct and HDFC Securities gave it a ‘Buy’ rating post its results. The average target price is at an upside of 15% against the market price.