Colgate-Palmolive: This FMCG company reported strong revenue growth of 12% YoY in the March 2021 quarter, perking up broker expectations. Two brokers - ICICI Direct and Axis Direct have maintained a ‘Buy’ rating on the stock with a raised target price. Brokerages expect the company’s new product launches to aid revenue growth in Q1FY22, but higher raw materials costs might decrease earnings. The average broker target price is at an upside of 5%.

Sun Pharmaceutical Industries: This pharmaceutical company’s stock is up by 22% since March and is attracting the attention of institutional investors. This week, the Life Insurance Corporation (LIC) of India acquired 4.8 crore shares in the company via an insider trade. LIC now holds a 6.7% stake in the company (from 4.7% earlier).

ICICI Prudential Life Insurance Company: Mutual funds have changed their tune on this life insurer. In Q4, mutual funds sold 55 lakh shares in the company, lowering their holding by 7%. In April 2021, mutual funds bought 21.6 lakh shares, their first net purchase in the company since December 2020.

Godrej Agrovet: This agricultural product maker’s promoters are purchasing shares from the open market. This week, promoters acquired over 1 lakh shares worth Rs 5.5 crore via two market purchases. Since March 2021, promoters have bought back 3.5 lakh shares worth Rs 18.4 crore, in eight market purchases.

Berger Paints: This paints company’s stock is rising as markets are turning optimistic on the paints sector. Last week, Asian Paints, the paints market leader, reported a strong YoY revenue (43%) and volume (48%) growth. Brokerages expect Berger Paints’ revenues to grow as well. Its stock price is up by 9% in one week and its Q4 results will be declared on May 26, 2021.