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

WORTH BANKING ON

Federal Bank
BSE Code : 500469
CMP: Rs56.95

Once a favourite stock of traders and investors, Federal Bank is once again on the radar of big investors. For the quarter ended September 30, 2020, the bank surprised the street with its operating performance and suddenly many broking firms and institutions started to sing a bullish outlook for the stock. On the asset side, gold loans continued their impressive run with a growth of 54.02 per cent, reaching Rs12,691.00 crore as on September 20.

Retail advances grew by 13.30 per cent to reach Rs39,649.20 crore. Business banking advances grew by 12.95 per cent to reach Rs11,134.48 crore. Agriculture advances registered a growth of 20.29 per cent to reach Rs14,915.35 crore from Rs12,399.26 crore. Net interest income registered robust growth, which helped improve NIMs as well. The bank continues to weather turbulences in the external environment by returning strong numbers for CASA and asset quality. One can bank on this stock in the short-medium term.

WAITING IN THE WINGS

Tinplate
BSE Code: 504966
CMP: Rs137.70

One of the birdies from D-Street has informed us that some of the big HNIs are placing their bets on this stock and it is quite visible from the fact that the stock has seen a decent spurt in the volume lately; they are expecting some positive development in the stock in the near term. Investors with risk appetite too can jump on to the bandwagon and hope to make a quick buck!

BEEFING UP BIG TIME

PNC Infratech
BSE Code: 539150
CMP: Rs170

PNC Infratech is one of the frontending Indian infrastructure construction, development and management companies in the country, with wide experience and proven expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, industrial area development and other infrastructure activities with an established track record of successful execution of projects across sectors and geographies. As per one of the leading technical analysts of a broking firm in Mumbai, the stock is likely to witness a good run-up in the near term as it is seen consolidating. Post this period of consolidation, the stock is likely to see fireworks. Those willing to take some risk may buy the scrip for some decent gains.

GOOD ON THE GLITTER FRONT

Titan
BSE Code : 500114
CMP : Rs1244.95

The company in its business update has said that the jewellery division did very well in Q2 with a recovery rate of around 98 per cent excluding sale of raw gold in Q2, compared to the revenue of the same quarter in last year. The walk-ins have been improving with conversion rates and average ticket size being higher compared to the same period last year. Further improvement is likely to be seen due to the upcoming festive and wedding season. One can buy this stock for decent gains in the near term.
(Closing price as of October 21, 2020)