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

MAKING ‘CLEAN’ PROFITS

Greaves Cotton

BSE Code: 501455
CMP: Rs119.35

Greaves Cotton is a diversified engineering company and a leading manufacturer of clean technology powertrain solutions for CNG, petrol and diesel engines as well as generator sets, farm equipment, e-mobility, aftermarket spares and services. The company’s revenues are back to the pre-pandemic levels in Q3FY21. New business contribution has increased to 25 per cent of the overall business. In the e-mobility segment, the company has crossed last full year’s sales in nine months despite the lockdown. Looking at the above-mentioned factors, we could see a re-rating in the stock, which may deliver handsome returns in the medium term.

FIT AND FINE

State Trading Corporation of India

BSE Code : 512531
CMP : Rs88.80

The stock of State Trading Corporation of India (STC) is up by nearly 12 per cent on an YTD basis. If sources are to be believed, the stock has just finished warming up and is poised for a big upward movement in the coming weeks. The volumes in the stock have seen a huge spike in recent trading sessions, indicating that smart players are accumulating the stock. One of the dealers from a leading brokerage house is of the view that these smart players are accumulating the stock in anticipation of an important announcement in the coming days. 

REALTY ROCKS AGAIN

Mahindra Lifespaces Developers

BSE Code: 532313
CMP: Rs485.70

Mahindra Lifespace Developers Ltd. is a real estate and infrastructure development company, founded in 1994 as part of the Mahindra Group. The company is engaged in residential developments, integrated cities and industrial clusters across many cities in India. As per one of the leading technical analysts, the stock of Mahindra Lifespaces has ended its countertrend move after a stellar upward movement and it is now providing an indication of the start of a fresh phase of upward spiral. Hence, traders with high-risk appetite can enter into the stock for a decent doubledigit gain over the short to medium term. 

IN A FUTURISTIC MODE

Page Industries

BSE Code : 532827
CMP : Rs29,001.75

The stock of Page Industries came under hammering after CEO Vedji Ticku resigned due to personal commitments. However, this correction provides an opportunity for momentum traders who had missed boarding the bus in the earlier run-up. As of now, the company is focusing on investing in digital transformation, technology and innovation in product design and development, marketing and brand building. At the same time, it is taking care to eliminate any wasteful expenditure or activity. Further, the management continues to remain very confident of their medium to long term prospects. Hence, it’s a good stock to buy. 

(Closing price as of Feb 23, 2021)