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

FISHING FOR PROFITS

Apex Frozen Foods
BSE Code: 540692
CMP: Rs283.10

The company is one of the integrated producers and exporters of shelf-stable quality aquaculture products. It supplies their ‘read to cook’ products to a diversified customer base consisting of food companies, retail chains, restaurants, club stores and distributors spread across the developed markets of USA, UK and various European countries. The company produces two kinds of shrimps, namely, the White Leg shrimp and the Black Tiger shrimp. Technical studies and set-up indicate that the stock is poised for a breakout after a decent consolidation. Hence, it’s a good buy! 

A SAFE BET

Marico
BSE Code: 531642
CMP: Rs537.75

As per the chatter on D-Street, the FMCG sector is going to be in the limelight in the next couple of months. One of the stocks which particularly look interesting in this space is Marico, which is trading at its lifetime highs and is up by 32.7 per cent on YTD basis. However, dealers suggest that this stock is seeing continuous accumulation from HNIs and other well-known groups of investors. Therefore, investors looking for some safe and steady returns can check in on this stock.

SECURELY PLACED

General Insurance Corporation of India
BSE Code: 540755
CMP: Rs204.20

The company provides reinsurance to the direct general insurance companies in the Indian market. Recently, volume activity has picked up in the stock and moreover, the stock has formed a strong base around Rs 188-192. A market bird has revealed that some interesting development may take place which could induce positive momentum in this stock. Buying it now would be a good option

TECHNICALLY SOUND

R Systems International
BSE Code: 532735
CMP: Rs157.25

R Systems International is a global technology and analytics services’ company. On the consolidated quarterly front the net profit jumped to Rs 24.88 crore in Q1FY21 from Rs 9.50 crore in Q1FY20, clocking significant gains. In the last one year, the company has onboarded 345+ technical associates. Furthermore, one of the technical analysts has said that after touching its all-time high recently the stock has retreated on back of subdued volumes. Hence, this is routine profit booking and one can start to accumulate this stock on dips owing to strong technical as well as fundamental tailwinds. The company has announced strong quarterly results and it has promising future plans in store.

(Closing price as of June 29, 2021) 

 

Rate this article:
No rating
Comments are only visible to subscribers.

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR