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 

PROFIT IN THE PIPELINE

Astral Poly Technik
BSE Code: 532830
CMP: Rs1,725.40

Astral Poly Technik is a pioneer in manufacturing CPVC pipes and fittings. The company is working on a few new product launches, which it could announce very shortly as they are in the last leg of launching them. Also, the existing adhesive business has started picking up. It is planning to launch a few more products in this category too. Its business in the UK is doing excellently well in spite of the growing pandemic situation in the country. Not only is the demand growing, the margins are getting better in the UK. Its US subsidy has also started giving positive numbers, which is very encouraging. The company is expecting much more improvement in the coming quarters. A good stock to bet on!

BIG BETS ON AGRICULTURE
Balkrishna Ind.
BSE Code: 502355
CMP: Rs1,615.15

Leading brokerage houses are turning bullish on this stock and some have gone on to revise the target of this stock to a higher level as the company is a prime beneficiary of recovery in the agricultural tyre segment. The company generates nearly 80 per cent of its revenue from exports and with the Nomura report indicating that agricultural tyre exports from India are up by 28 per cent YoY in November, this will work as a positive catalyst for the stock .

ON THE FAST TRACK

ABB
BSE Code: 500002
CMP: Rs1,209.95

One of the leading technical analysts on D-Street is quite bullish on this stock. In a note to his trustworthy clients he has shared that the stock has witnessed a RSI range shift – a super bullish range shift as on the daily chart the RSI failed to go below the 60-mark and such stocks are best bets to invest for the medium term. Also, he points out that the stock has formed an inside bar on the weekly chart and it’s a matter of time before the stock explodes.

MUSICALLY PROFITABLE

Tips Industries
BSE Code: 532375
CMP: Rs328

Tips Industries limited has extensive catalogue of film, non-film, devotional, pop and remixes in Hindi, Punjabi, Gujarati, Bhojpuri and other languages straddles all genres of popular Indian music. The company’s digitized catalogue comprises over 29,000 songs in multiple Indian languages and genres, available on many global and local platforms including YouTube, Resso, Amazon Prime, Jio Saavn and Facebook. The stock has gained over 250 per cent on YTD basis and as per our sources the stock price is likely to grind higher amid the company’s entire digital focus and impetus which has ensured that their music business continues to grow from year to year. On the film business front, plans are in place to produce at least 2-3 films every year. Further, the company is also evaluating scripts for Punjabi films, where they have a proven track record of producing some of the biggest hits.

(Closing price as of Dec 30, 2020)