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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

DECENT PERFORMANCE 

Tata Chemicals
BSE Code: 500770
CMP: Rs645.25 

Tata Group’s Tata chemicals is the third-largest soda ash and the sixth-largest sodium bicarbonate manufacturer in the world. The company is India’s market leader in the table salt segment, with Tata Salt considered to be the nation’s second most trusted food brand. Tata Chemicals reported a decent performance in Q2, with a healthy rise in the revenue and a considerable margin expansion in the basic chemistry business. The company expects its businesses of nutrition solution and silica to add value to the overall growth of the specialty products portfolio. Slowly but steadily, it is expected to gain its lost glory. 

DECENT RALLY 

Bank of Baroda
BSE Code: 532134
CMP: Rs98.90 

Once again, PSU Bank stocks are in the limelight after the Supreme Court of India ruled in favor of financial creditors in its verdict on Essar Steel resolution. If murmurs are to be believed than the recent upmove is just the trailer, some steam is still left in selected stocks. Our sources expect that the Bank of Baroda stock could see a decent rally in the short term. Hence, investors, with a high-risk appetite, can enter this stock. 

FAVOURABLE MONSOON 

Escorts
BSE Code: 500495
CMP: Rs662.60 

Escorts is one of India’s leading players in the automotive/ tractor industry. The company is also engaged in the manufacturing of construction and material handling equipment, such as cranes, compactors, and forklifts. As per our sources, the stock is likely to perform well in the coming days, thanks to the favorable monsoon conditions in its key market areas. It is also expected to deliver better volume visibility than other vehicle makers. Considering the technical set-up, this stock happens to be one of the best-placed stocks in the market. Hence, do not miss the bus; instead hop on for a profitable ride. 

ROBUST VOLUMES 

Cochin Shipyard
BSE Code: 540678
CMP: Rs410.35 

Cochin Shipyard is involved in shipbuilding. The stock has rallied swiftly from lower levels with robust volumes. As per a leading technical analyst, who is recommending this stock to its HNI clients, “the stock is all set to start round two of the rally as the stock witnessed a period of consolidation after a strong rally.” Hence, traders with a high-risk appetite can enter the stock with a strict stoploss and look for a good rally in the short term.