Kerbside

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

POSITION OF POWER

V-Guard

BSE Code : 532953
CMP : Rs225.80

V-Guard offer a range of products from voltage stabilisers to digital UPS, inverters and inverter batteries, electric water heaters, solar water heaters, domestic pumps, agricultural pumps, industrial motors, domestic switchgears, distribution boards, wiring cables, industrial cables, induction cook tops, mixer grinders, fans, rice cookers, gas stoves, solar power systems and air coolers. This stock has been in the thick of activity in line with the buzz in the broader markets. It has delivered handsome returns of 21.50 per cent month-till-date. According to dealers, smart institutional players are buying this stock ahead of the quarterly results. Some are betting on an impressive quarter result. That apart, there is also talk that one of the famous investors from Kolkata is active in the stock and his buying activity has led to a surge in volumes. High-risk traders and investors can take a bet on this stock for some quick gains.

REAPING A PROFITABLE HARVEST

Chambal Fertilizers and Chemicals

BSE Code : 500085
CMP : Rs230.60

The company is involved in manufacturing urea and other organic fertilisers. One of the leading broking houses in the country has issued a technical recommendation to its premium clients and in its note has zeroed in on Chambal Fertilizers and Chemicals as a ‘top pick’ based on the fact that the stock is currently at the cusp of breakout of the six weeks’ range and has potential to deliver attractive returns in the short term. 

RIDING THE HIGH WAVE

Phillips Carbon Black

BSE Code : 506590
CMP : Rs193.50

Phillips Carbon Black is a part of the RP-Sanjiv Goenka Group and is India’s largest carbon black manufacturer with four state-of-the-art plants at Durgapur, Palej, Kochi and Mundra. The Q3 results which were declared recently reflected increased volume, operational efficiency, value-added products, customer-centricity and improved margins. The stock is clearly making higher highs and higher lows. Further, the stock has recently broken out of a tight range. The price relative strength and the earnings strength are very impressive. It’s a good buy. 

A DARK HORSE

Olectra Greentech

BSE Code : 532439
CMP:  Rs130.00

The company is engaged in the business of manufacturing and sale of electric buses and insulators and has gained a leadership position in India owing to strong technology and quality of the products. The promoters have unpledged 0.16 per cent of shares in the last quarter. FIIs have increased holding from 3.06 per cent to 3.16 per cent in the December quarter. The number of FII investors increased from six to seven in the December 2020 quarter and institutional investors have increased holdings from 3.1 per cent to 3.2 per cent in the December 2020 quarter. The stock can be a dark horse and has the potential to deliver double-digit gains in the short term.

(Closing price as of Jan 27, 2021)

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