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

BACK IN DEMAND

 Avanti Feeds

 BSE Code : 512573
 CMP : Rs540.65

Avanti Feeds is a leading manufacturer of prawn and fish feeds and shrimp processor and exporter from India. The company has established a joint venture with Thai Union Frozen Products PCL, the world’s largest seafood processors and leading manufacturer of prawn and fish feeds in Thailand with integrated facilities from hatchery to shrimp and fish processing and exports. The demand for shrimp has dropped globally by about 30 to 35 per cent as an immediate reaction of the pandemic due to closure of restaurants, malls and public eating places, however, demand is picking up on the back of increase in demand from the retail sector and with the recent news of Moderna to seek US and EU emergency authorisation for its vaccine, it is likely to act as a sentimental booster for the stock. Moreover, the stock is technically poised for a decent up-move.

KEEPING GOOD HEALTH

Shalby

BSE Code : 540797
CMP : Rs108.10

Shalby Hospitals operates a chain of multispecialty hospitals across India, holding an aggregate bed capacity of over 2,000 hospital beds. The bed occupancy levels were up to 41 per cent in Q2 FY21. The total income was Rs1,118 million, up 174 per cent QoQ. EBITDA returned to profitability at Rs314 million. EBITDA margins increased to 28.0 per cent. Net profit increased to Rs242 million with margins of 21.6 per cent. The stock is a very good buy on dips. Investors can expect robust returns in the short to medium term.

FINANCIALLY SOUND

Teamlease Services

BSE Code: 539658
CMP: Rs2,635

Teamlease Services is an India-based company engaged in employment activities. The company operates as a temporary staffing company and provides human resource services to various industries. The company is debt-free and has a strong balance-sheet, enabling it to report stable earnings growth across business cycles. From a technical perspective, the stock is nearing a breakout point of a Stage I consolidation pattern and this pattern has a depth of nearly 20 per cent. So once the breakout is confirmed with volumes, the stock has potential to move 20 per cent in the medium term.

BOUNCING BACK

V-Mart Retail

BSE Code : 534976
CMP : Rs2,214.50

V-Mart Retail is India’s leading value fashion retailer with 271 stores across 19 states. The company reported sales growth of 126 per cent in Q2 over Q1. The sequential rebound in Q2 came despite the delayed onset of the festive season starting with Navratra and Dussehra by almost three weeks into Q3. In Q2, the company’s total revenue recovered to 56 per cent of last year, while like-to-like (LTL) sales stood at 50 per cent of last year. The recovery was driven primarily by a higher base of store operational days (79 per cent) in Q2, as compared to 34 per cent in the April to June quarter that witnessed a nationwide lockdown owing to the pandemic. A must have stock in your portfolio. 
(Closing price as of Dec 02, 2020)