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

VALUE FOR MONEY

Brigade Enterprises
BSE Code: 532929
CMP: Rs285

Brigade Enterprises is a leading property developer in South India’s real estate market with over three decades of experience. It has a business portfolio of residential, lease rentals and hospitality projects. Real estate contributes 74 per cent to its revenue followed by 21 per cent through lease rental and 5 per cent through hospitality. In Q3FY21 the company achieved an all-time high quarterly sale of 1.53 million sq. feet with a sale value of Rs 9,232 million. The FII/FPI have increased their holding from 11.36 per cent to 11.68 per cent in the December 2020 quarter and mutual funds have increased their stake from 19.03 to 19.36 per cent in the December 2020 quarter. The stock is in a sweet spot and ideal for traders. 

FIT AND FINE
Fortis Healthcare
BSE Code: 532843
CMP: Rs177.70

Fortis Healthcare is India’s secondlargest integrated healthcare service provider with a pan-India presence. Technically speaking, the stock looks sound and the recent upward thrust in price along with above average volume indicates accumulation interest in the stock. Hence, those with high-risk appetite can take their bets on this scrip to make some quick gains

CHARGING AT FULL STEAM

IRCTC
BSE Code: 542830
CMP: Rs1618.40

The stock has gained nearly 15 per cent month-till-date and from the last four trading sessions it has recorded more than 10 and 30-day average volumes along with the price. Dealers on D-Street indicate that some informed market participants are buying this stock given that there may be a big announcement in the weeks to come. This announcement could induce good momentum in the stock and may take it to new heights. Add this bull express to your portfolio at the current levels and on dips.

PROFITABLE SOLUTIONS SKF

India
BSE Code: 500472
CMP: Rs2375.00

SKF India’s solutions provide sustainable ways for companies across the automotive and industrial sectors to achieve breakthroughs in friction reduction, energy efficiency, and equipment longevity and reliability. The company reported nearly a twofold jump in its net profit for the quarter ended December 2020 as compared to same period of the last fiscal. Despite the strong gains seen in the stock in the last couple of weeks there is expectation that the stock could extend these gains.