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

IN A BULLISH MODE

Just Dial
BSE Code: 535648
CMP: Rs891.30

The stock of Just Dial is up by nearly 25 per cent on a month-to-date basis. The stock is trading above all the important moving averages i.e. 20, 50 and 200 DMA. Moreover, all these moving averages are in rising trajectory and in a desired sequence, which clearly reflects the bullish mode in the stock. In the first half of March the company announced that it has signed an advertising agreement with broadcaster Star India Private Limited for advertising as ‘Co-Presenting Sponsor’ for the Indian Premier League-14 (IPL 2021). Considering the strong technical structure aided by some fundamental developments in the stock, this could be the stock of the fortnight.

TAKING THE LEAD

Godrej Industries
BSE Code: 500164
CMP: Rs520.90

Godrej Industries is a holding company of the Godrej Group. It has significant interest in consumer goods, real estate, agriculture, chemicals and financial services through subsidiary and associate companies across 18 countries. The stock has shown resilience in an otherwise very volatile market. It is up by nearly 17 per cent month-to-date and has recorded a fresh 52-week high recently. As per sources, the winds of change have begun to blow and the stock could continue to outperform in the near to medium term. 

BUILDING BETTER PROFITS

Prism Johnson
BSE Code: 500338
CMP: Rs120.05

Prism Johnson is one of India’s leading integrated building materials company with a wide range of products from cement, ready-mixed concrete, tiles and bath products. The company has three divisions, viz. cement, H&R Johnson (India), and RMC (India). Cement stocks have been the flavour in the markets for the last couple of trading sessions and as per dealers cement stocks are likely to continue their momentum as many HNIs are seen accumulating this stock and moreover, technically it looks sound. Hence, traders with high-risk appetite can bet on this stock.

CREATING THE RIGHT EQUATION

JB Chemicals & Pharmaceuticals
BSE Code: 506943
CMP: Rs1214.60

The stock is on the verge of a breakout from the six-week long flat base pattern which has a depth of nearly 14 per cent. The stock has seen good traction from the institutions in the last quarter as institutional investors have increased holding from 19.63 per cent to 21.78 per cent in the December 2020 quarter. FIIs have increased holding from 7.25 per cent to 7.87 per cent in the December 2020 quarter and the number of FII investors increased from 162 to 183 in the December 2020 quarter. This is a good stock to keep your portfolio in the pink of health. 

(Closing price as of March 23, 2021)