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 

BRIGHT FORTUNES

Surya Roshni
BSE Code : 500336
CMP: Rs263.25

The company is a leading manufacturer in India for fans, LED lights, steel pipes, home appliances, etc. It reported a jump of 86 per cent in PAT in Q2FY21 due to improvement in margins and reduction in finance cost. Further, the company regained the volumes in both the segments after lockdown due to dominance in rural and semi-urban areas. Steel pipes and strips’ segment accounted for 31 per cent volume growth in trade and 8 per cent in overall growth registered in volume terms. It has orders in hand of Rs700 crore from the oil and gas sector for 3LPE coated pipes. In the lighting and consumer durable segment, it posted 14 per cent growth in conventional lighting and 20 per cent growth in consumer durables and fittings. Strong cash flow generation from operations led to reduction in financial liabilities by Rs353 crore since March 2020. Considering the great fundamentals and technical strength, the stock seems to be a in a sweet spot for investment.

EARNINGS IN THE WINGS

Hatsun Agro
BSE Code : 531531
CMP : Rs968.00

The company manufactures and markets products that cater to both cooking and consumption, like milk, curd, ice creams, dairy whitener, skimmed milk powder, ghee, paneer, and lots more. The analyst who had predicted a big move in pharmaceutical stocks at the beginning of the year is quite bullish on this stock. He expects it to touch the four-digit mark soon. Hence, one can buy this stock

POWERED TO PERFORM

Wabco India
BSE Code: 533023
CMP: Rs5962.00

Wabco India is leading innovator and global supplier of technologies that improve the safety and efficiency of commercial vehicles. E-commerce, agriculture, construction and mining sectors are seeing an encouraging revival, which is in turn generating demand for commercial vehicles. A bountiful monsoon is producing a sharp rise in the pre-kharif and kharif crops sowing. This in turn is leading to a rise in rural expenditure, including the purchase of agriculture-related products and tractors. Further, the stock has witnessed massive volumes along with price rise and it seems this stock would be a dark horse in the coming days.

KEEPING GOOD HEALTH

Amrutanjan Healthcare
BSE Code : 590006
CMP: Rs498.15

The company’s current offerings have been categorised into five products: pain management, congestion management, women’s hygiene, beverages and other products. Gross sales for Q2FY21 jumped 22.68 per cent YoY and the profit after tax recorded a mammoth surge of 180 per cent YoY to Rs23.55 crore. OTC recorded a growth of 23.87 per cent YoY, Comfy sanitary napkin recorded a growth of 21.04 per cent YoY and beverages registered a growth of 12.04 per cent YoY. Going forward, company is focusing on growth in the e-commerce vertical, strengthen its beverages business and expand distribution and costs control. As per our sources, the company is aiming for 1.3 per cent of national sales from e-commerce in FY21.Therefore, buy this stock.

(Closing price as of November 18, 2020)