Kerbside

Kerbside

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

POSITIVE PROJECTIONS 

RITES
BSE Code:541556
CMP: Rs 328.85 


RITES is a wholly-owned government company, a Miniratna (Category I) Schedule ‘A’ public sector enterprise engaged in transport consultancy and engineering projects across infrastructure verticals by providing diversified solutions. With a healthy order book and large investments taking place in infrastructure projects in India and overseas, this augurs well for the accelerated growth of company which is likely to continue in years to come. In India, capital expenditure for projects related to railways, highways, metros, airports and ports has been increased by 20-30 per cent in budget allocation for investments on a YoY basis since the last 4-5 years. The next five years also are expected to see massive infrastructure build-up in the country, with key emphasis on railways, roads, urban transportation and airports. Add this company for wonderful gains.

STRONG RECOMMENDATIONS 

Britannia
BSE Code: 500825
CMP: Rs 3214.25 

One of the renowned technical analysts of D-Street is recommending this stock to his HNI clients. The stock has witnessed a breakout along with robust volumes. He suggests that the stock has the potential for a decent upward movement from the current levels. Hence, traders with high risk appetite may take a trading position in this stock with proper stop loss.

GOOD NUMBERS 

IIFL Finance
BSE Code: 532636
CMP: Rs 170.25 


IIFL Finance is one of the leading players in the Indian financial services space. India Infoline Finance had loan assets under management of home loans segment constituting 34 per cent, business loans 23 per cent, gold 21 per cent and microfinance 8 per cent of the total AUM. As per comments from the company’s chairman, in the quarter ended December 31, 2019 there was a marked uptick in credit growth as well as long-term borrowings. More importantly, our source indicates that smart money is getting into this stock and this is clearly visible by the rising volume trend. Hence, traders with a risk appetite may enter this stock.

SMOOTH ROAD AHEAD 

PNC Infratech
BSE Code: 539150
CMP: Rs 196.65

 

PNC Infratech has over two decades of experience, predominately in the roads and highways sector. In the upcoming Union Budget, experts believe that there will some big bang announcements and measure to spur investment in infrastructure. We believe PNC Infratech is one of the best stocks to bet in the road development sector because of its strong execution capabilities, healthy balancesheet, robust order book, and prudent capital management. Traders and investors may add this stock for decent gains in the short-medium term.

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