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

IN FINE FORM 

Fine Organic Industries
BSE Code: 541557
CMP: Rs 2,071.45

Fine Organic is a leading producer of specialty additives for foods, plastics, rubbers, paints, inks, cosmetics, coatings, textile auxiliaries, lubes and several other specialty applications. The stock has been trading in a range after recovering almost 40 per cent from its March lows. During this sideways or consolidation phase the stock has witnessed spike of volumes occasionally. The current buzz on D-Street indicates that this occasionally spike of volume is not a random thing but a systematic purchase mechanism by some smart players, who are aware about some big development taking place in the company and hoping that the stock would break its shackle of range consolidation and head higher. Hence, high-risk appetite players can enter this stock for some short-term gains. 

BIG STRIDES AHEAD 

Indraprastha Gas
BSE Code: 532514
CMP: Rs 489.45 

The company is the largest city gas distribution company in the country, catering to 1.1 million CNG vehicles, 1.2 million domestic PNG customers and over 4,500 commercial and industrial customers. Market gossip has it that this scrip is headed northwards on strong buying by bull operators. Those with high risk appetite can take their bets on this scrip to make some quick gains. 

BONDING WELL 

India Cements
BSE Code: 530005
CMP: Rs 131.10 

The stock has held its head high and registered a fresh 52-week peak even during the ongoing market chaos. And everyone is aware of the fact that one of the ace investors of D-Street has increased his stake in this Chennai-based company. If one investigates into the holding of this ace investor he is known for buying stocks for mammoth gains. Also, a very well-known technical analyst who manages PMS for his ultra-HNI clients is quite bullish and expecting another round of bullish move from the current levels. Traders can take exposure in this scrip for some trading gains. 

GETTING HIGH 

United Breweries
BSE Code: 532478
CMP: Rs 932.40 

The company has a famous selling beer brand under its portfolio, namely, Kingfisher. Over the years, the Kingfisher family has expanded to include brands and variants that cater to all segments of tipplers. The publisher of a recent research report has been quite vocal about this stock and is anticipating a stellar run in the short term. Technically, the stock has shown early signs of a potential breakout. It has penetrated the small falling trend line and in the process has also penetrated the 50-DMA. Further, the OBV has also marked a fresh high ahead of the breakout. 
(Closing price as of June 03, 2020)

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