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

A SMOOTH RIDE

TVS Motor
BSE Code : 532343
CMP : Rs470.20

TVS Motor is one of the prominent names in the country for automobiles when it comes to the two-wheeler segment. The company manufactures a wide range of two-wheelers starting from mopeds to scooters and commuter motorcycles to racing-inspired bikes like the Apache series and the RR 310. The company reported a jump of 24 per cent YoY in total two-wheeler sales in October 2020. Domestic two-wheeler sales posted growth of 19 per cent YoY while two-wheeler exports registered a growth of 46 per cent YoY in October 2020. Overall, the sentiments are seeing turnaround for the stock, evident through accumulation currently underway. The stock is likely to outperform in the coming week. Hence, investors can look for a smooth drive by investing in the stock.

EARNINGS IN THE WINGS

Motherson Sumi
BSE Code : 517334
CMP : Rs109.80

The stock has literally not moved anywhere over the last couple of weeks as it has been oscillating in a range. As the stock is expected to deliver its quarterly earnings soon, prior to that, as per the dealers on D-Street, some of the smarter investors are slowly building their position in anticipation of a major announcement in the stock. This could act as a key catalyst for the stock in the near term. Those willing to take some risk may buy the scrip for some decent gains.

REAPING  RICH  REWARDS

VST tillers tractors
BSE Code : 531266
CMP : Rs1675.05

VST Tillers Tractors is part of the VST Group and one of the leading power tiller and compact tractor manufacturers in India. In the month of October 2020 the company sold 2,310 power tillers and 1,139 tractors as compared to 1,104 power tillers and 857 tractors sold in October 2019. Resting on a differentiated product pipeline, superior in-house research and development facility, an extensive distribution network and the relentless focus on achieving operational excellence, it strives to capitalise on growing opportunities and expand its presence in domestic as well as international markets. Buy this stock for handsome gains.

BUILDING WEALT

City Union Bank
BSE Code : 532210
CMP  : Rs158.35

It is one of the oldest private sector banks in India and the main focus of City Union Bank is to lend to MSMEs, retail and wholesale trade with granular asset profile, including providing short-term and long-term loans to the agricultural sector. A leading analyst from a technical background is advising his HNI clients to build a long position in the stock and expect a decent upward movement in the stock as technically the stock is poised to reach Rs 180 in the medium term. As banking and financial stocks are in the limelight he believes the target of Rs 180 is the immediate target but for long-term investors it could be a good wealth-builder.

(Closing price as of November 04, 2020)