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 GOOD SPIRITS 

Radico Khaitan
BSE Code: 532497
CMP: Rs 419.60 

The company is one of the largest spirits’ manufacturers in India and has delivered better than industry growth while reporting strong margins in the challenging macro environment led by the pandemic-driven lockdown. During the quarter the industry volume declined by more than 50 per cent, while Radico Khaitan’s volume witnessed a drop of 44 per cent. There was no IMFL sale during the month of April and it resumed after the first week of May when the lockdown was partially lifted. Moreover, the company has reduced its debt and it has the vision to be debt-free by FY22. The company has endured the test of time and stood unfazed. Each down cycle has enabled the company to come out even stronger. With its resilient business model and timeless brands, the company is strongly positioned for the future. So traders and investors can look into buying this stock for a short-medium perspective. 

GOOD COMPUTATION 

MindTree
BSE Code: 532819
CMP: Rs 1308.60 

Shares of IT companies have been in the thick of activity in recent times. According to dealers, good accumulation is seen in IT stocks not only from HNIs and domestic institutions but also from foreign institutions for some good gains in the near term. Technically, the stock of MindTree looks attractive from the short-term perspective and hence one can buy this with a strict stop loss. 

POSITION OF ‘POWER’ 

IEX
BSE Code: 540750
CMP: Rs 192.00

IEX is the first and largest exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy certificates and energy saving certificates. The stock has seen good accumulation by institutions as shares held by funds increased 10.7 per cent YoY in the recent quarter. Further, the stock is meeting most of the CANSLIM parameters of investing and also it meets Warren Buffett rules of investing. Hence, one can accumulate this stock to light up the portfolio. 

PASSING THE TEST 

Thyrocare
BSE Code: 539871
CMP: Rs 801.15 

Thyrocare is India’s first fully automated diagnostic laboratory with a focus on providing quality at affordable costs to laboratories and hospitals in India and other countries. According to the grapevine, decent accumulation is seen in the stock as market participants are expecting some key announcements in the stock in the near term. The stock is gaining momentum and the volumes are gradually improving. As per market sources, once the news is out the stock will see a decent run-up. Those with high-risk appetite can take their bets on this scrip to make some quick gains. 

(Closing price as of September 22, 2020)