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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 
 

FOR QUICK GAINS

Bhansali Engineering Polymers



BSE Code : 500052
CMP : Rs 161.90

Bhansali Engineering Polymers (BEPL) is a pioneer in manufacturing international quality Acrylonitrile Butadiene Styrene (ABS). Its customer list includes leading companies dealing in automobiles, home appliances, electronics, healthcare equipment and kitchenware. Technically, the stock is placed at the cusp of a big move and testimony of this is that the stock despite adverse conditions in the headline indices has managed to close above its prior day high and that too along with a huge surge in volume. This clearly indicates there is buying interest in the stock. Also, the stock fits into a template of super bullish RSI range shift of Andrew Cardwell. It’s a good stock to buy for short-medium term.

IN HIGH SPIRITS

Tilaknagar Industries

BSE Code: 507205
CMP: Rs 36.25

Tilaknagar Industries is a leading alcoholic beverage company in India. There is a buzz from the dealers’ room about the likelihood of a positive announcement on the cards by the company that could induce a big rally in the stocks. HNIs have been stacking up this stock as witnessed from the fact that we have seen a sharp jump in volumes. The stock can fetch big returns.

SAFE HAVEN

Britannia

BSE Code : 500825
CMP : Rs 3729.35

Britannia Industries is one of India’s leading food companies and is among the most trusted food brands which manufacturers such leading products as Good Day, Tiger, Milk Bikis and Marie Gold. Defensive stocks tend to be in a lot of demand especially when market volatility is high. In recent times, with the volatility spiking many traders indicate that the near-term outlook looks uncertain and hence it’s a good time to add this stock to your portfolio.

ABOUT TO MAKE A SMART MOVE

Tata Elxsi

BSE Code : 500408
CMP : Rs 2875.20

The stock price of Tata Elxsi has more than quadrupled from its March lows and after a sharp run-up it has been consolidating for the last couple of weeks. However, this consolidation phase is providing a good chance to accumulate the stock, especially for those who missed the bus from the lower levels. Sources indicate that the company is expected to post strong financial performance in the current quarter, which may take the stock price to another level. Investors with medium-term view can buy this stock.

(Closing price as of April 06, 2021)