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 

REAPING A FINE HARVEST

PI Industries
BSE Code : 523642
CMP: Rs 2,044.55

PI Industries focuses on complex chemistry solutions in agricultural and pharmaceutical sciences. Exports have continued to improve its YoY backed by proactive raw material and capacity planning. Outbound shipments of commercialised molecules have gained momentum QoQ and the demand for key commercialised molecules continues to be strong. The integration of Isagro products and under-utilised capacities has also added to its overall business momentum. The order book continues to see healthy accretion in line with the company’s experience profile and track record. The company has seen solid progress for domestically produced ‘Nominee Gold’ and has recorded highest ever placement of Nominee Gold this season. There is also a line-up of new products ready to be launched in Q2-Q3 of FY21 and these are likely to further strengthen the company’s product portfolio in certain crop and pest segments and improve its market share. Further, on the back of a good start to the Kharif season and favourable policies aimed at boosting agro-economics the stock is poised to achieve a good performance

IN AN UPWARD SPIRAL

Meghmani Organics
BSE Code: 532865
CMP: Rs80.60

Meghmani Organics is involved in the business activities of manufacture of insecticides, rodenticides, fungicides and herbicides. As per one of the technical analysts of a leading broking firm, there is a lot of bullishness about this stock for the near-short term as the technical setup is quite attractive.

POISED FOR A BIG MOVE

Wockhardt
BSE Code : 532300
CMP: Rs 323.95

India Ratings and Research Private Limited has revised the company’s ratings on account of improvement in its liquidity positions post partial divestment of its India business, easing of repayment pressures during FY21 and tie-up with the UK government for vaccine manufacturing. One of the birdies from D-Street informs us that during the long weekend there was some chattering amongst the dealers groups that many HNIs are seeing green shoots in the stock and they are likely to accumulate it for a decent upward movement in the short term. Hence, traders with risk appetite can buy this stock in anticipation of such a big movement.

PLASTIC PAYS

SBI Cards and Payment Services
BSE Code : 543066
CMP : Rs 841.85

In the emerging new India, the digital transaction landscape is expanding and transforming at an exponential rate. The country has adapted marvellously to cashless commerce, propelled towards the future by demonetization, social distancing and remote work necessitated by the corona virus pandemic. SBI Cards and Payment Services with its extensive country network and one of the largest and most diverse portfolios of credit cards is well-positioned to capitalise on the increasing move towards cashless and digital payments. Hence, one may look at buying this stock for short to medium-term.

(Closing price as of October 06, 2020)