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The recommendations provided in this column are taken from various market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Therefore we advise readers to use their own discretion before investing in these recommendation 

SIGNING DEAL 

Intellect Design Arena 

BSE Code: 538835
CMP: Rs 239.10 

The stock price of Intellect Design Arena has seen strong upmove since the second week of August as the company made an announcement that it has signed a significant multi-million dollar deal with a leading bank in Asia market with a strong foothold in Singapore, Malaysia, Indonesia, Thailand and China. As per some technical analysts, the stock has witnessed breakout along with strong volumes and they expect the northward movement to continue in the stock. 

RISING VOLUMES 

Transport Corporation of India 

BSE Code: 532349
CMP: Rs 336.25 

Transport Corporation of India is an integrated multi-modal logistics and supply chain solutions provider in India with a global presence. In the past few trading sessions, the stock has moved higher side with large volumes. Market sources suggest that there is still some steam left in the counter and it might potentially be on an uptrend. One can look at the stock from a short term perspective. 

DOUBLE DIGIT GROWTH 

Kansai Nerolac Paints 

BSE Code: 500165
CMP: Rs 526.60 

Kansai Nerolac is wellplaced in the industrial and decorative paints segment. Recently, the management informed that the company has experienced double digit YoY growth across segments led by the decorative segment. The management is confident of strong volume and sales growth and bounce back of operational performance. Apart from this, paint companies have few things going for them, like market push via lower GST rates. This stock could paint investors portfolio green. 

AND FINALLY.. 

Hindalco Industries 

BSE Code: 500440
CMP: Rs 221.30 

Aditya Birla Group’s metal flagship Hindalco Industries announced robust quarterly earnings. It was impressive performance in aluminium segment that assisted a sharp jump in operating profits. The aluminium segment performance was good as realisations were close to all-time high and plant operations were stable. The copper segment, too did well and sustained its profitability, helped by improving byproduct realisation and increasing continuous cast rod (CRR) production. Further, there is a buzz on the D-street that the company plans to prepay its Rs 3,000 crore debt this fiscal to bring down its debt-equity ratio to about two times from the current level of three times. Looking at the company’s solid performance, it seems poised to offer handsome returns in the short-medium term.