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.

SUCCESSFUL FORMULATIONS

Neuland Laboratories
BSE Code: 524558
CMP: Rs 461.85

Neuland Laboratories is a pharmaceutical manufacturer providing active pharmaceutical ingredients (APIs), complex intermediates and custom manufacturing solutions services to customers located in around 80 countries. Its CMS business displayed another good quarter of growth with revenue coming in from 25 projects. Further, the company is pleased with the order pipeline of the CMS business segment and there is addition of both quality as well as quantity of projects to their CMS portfolio. The management believes that they are on track to reach their stated aspiration for the CMS business. Further, one of the birdies from D-Street says that some pathbreaking announcement might be seen in the coming days from the company, which could take stock prices to new heights. Traders with risk appetite may keep this on their radar for big movement!

BIG MOVE AHEAD

Cholamandalam Investment and Finance Company
BSE Code: 511243
CMP: Rs 168.40

Cholamandalam Investment and Finance Company is the financial services arm of the Murugappa Group. The company has emerged as a comprehensive financial services’ provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking and a variety of other financial services to customers. As per dealers at the institutional desk, this stock could be a dark horse in the coming days. Smart and informed players have been accumulating this stock for some gigantic move in the near future.

DISPLAYING POSITIVE TREND

Solara Active Pharma Sciences
BSE Code: 541540
CMP: Rs 626.95

A technical analyst from one of the leading broking agencies is recommending clients to accumulate this stock as it has given a breakout of a triangle pattern along with decent volume. The RSI indicator is positive and with rising volumes the analyst anticipates the stock to move further up. Hence, traders can take exposure in this scrip for some trading gains.

COMPUTING IT RIGHT

Zensar Technologies
BSE Code: 504067
CMP: Rs 144.40

Zensar Technologies is a leading digital solutions and technology services company that specialises in partnering with global organisations across industries on their digital transformation journey. The company recently announced that it has strengthened its partnership with NetFlorist, a leading online gifting company from South Africa, to enable it to diversify its business offerings during the current situation to now include essential groceries. Further, the jump in price along with a gigantic surge in volume indicates that some big activity is going on in the stock. Investors and traders with high risk appetite can jump on to the bandwagon and hope to make a quick buck as our sources suggest that the stock may continue its northward movement.
(Closing price as of June 17, 2020)