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

POSITION OF POWER

KEC International

BSE Code: 532714
CMP: Rs292.45

KEC International is a global infrastructure engineering, procurement and construction (EPC) major. It has presence in the verticals of power transmission and distribution, railways, civil, solar, smart infrastructure and cables. The company has delivered a steady performance amidst challenging times. Revenues for Q1FY21 stood at Rs2,207 crore as against Rs2,412 crore for Q1FY20. Revenue for the month of April 2020 were significantly impacted due to the pandemic and lockdown disruptions but the revenues of May 20 and June 20 were better than the corresponding months of last year. Its year-to-date (YTD) order intake was Rs1,931 crore, registering growth of 73 per cent. In addition, there is huge long building up seen in the stock and as per market sources, one of the leading institutions is accumulating this scrip. Those with high risk appetite can take their bets to make some quick gains.

ESTABLISHED RESOURCES

Teamlease Services

BSE Code: 539658
CMP: Rs2065.75

TeamLease Services is one of India’s leading human resource service companies in the organised segment. Some operators are reportedly becoming active on this counter due to which it is likely to witness a spurt in its price in the coming days. Risk-takers can go for this scrip and hope to make a quick buck

BIG GAINS IN THE PIPELINE

Astral Poly Technik

BSE Code: 532830
CMP:Rs1089.75

Astral Poly Technik has established itself as one of India’s dominant brands in the plastic piping segment with diverse end-user applications. It has been a pioneer in introducing chlorinated polyvinyl chloride (CPVC) pipes and fittings in the country. The company offers a wide array of products across piping and adhesives categories to meet the dynamic needs of the real estate sector and millions of Indian households. The technical research head of one of the leading broking houses in India is bullish on this stock and is of the view that the stock is wellpoised for a big move in the short to medium term. Do keep a watch as the stock is ready to explode.

ARMED FOR GROWTH

Mishra Dhatu Nigam Limited

BSE Code: 541195
CMP: Rs214.35

As per the recent defence import embargo, the Ministry of Defence will stop importing an announced list of 101 items. It essentially means that the Army, Navy and Air Force will procure all such listed items from domestic manufacturers. One of the leading brokerage houses in their report has mentioned that the order prospects for Mishra Dhatu Nigam Limited (MIDHANI), a specialised metal and metal alloys manufacturer, would increase multi-fold with increase in defence manufacturing activities in India. The stock looks promising from a medium-term perspective.
(Closing price as of August 11, 2020)