Street signs: Jhunjhunwala stocks, analysts bullish on MPS, and more

Chief executive officer Sundeep Sikka has been buying shares of Reliance Nippon Life Asset Management (RNAM) from the open market amid weakness in the asset manager's stock price

Key Jhunjhunwala stocks see sell-off

Aptech and Escorts, key stocks in billionaire investor Rakesh Jhunjhunwala’s portfolio, came under heavy selling pressure last week. Shares of Aptech dropped eight per cent, and those of Escorts declined seven per cent on Friday. Jhunjhunwala holds more than 12.6 per cent stake in Aptech and 9.2 per cent in Escorts. Besides these two stocks, other key holdings of Jhunjhunwala’s such as Lupin, Crisil, Tata Motors and Aurobindo Pharma have also come under selling pressure in recent months.

Samie Modak

Analysts bullish on MPS

MPS, formerly Macmillan Publishing, is attracting investor interest after it announced the acquisition of Tata