Kerbside

Ninad Ramdasi
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

TECHNOLOGICAL PROWESS

Minda Industries
BSE Code: 532539
CMP: Rs699.85

This is a flagship company of UNO Minda Group. It manufactures automobile components for original equipment manufacturers and is rapidly expanding with growing market share across all its product lines. It endeavours to deliver high technology and quality products to its customers globally. Recently, the company won a bid to acquire 51 per cent stake in UZ Chasys LLC, which is a leading automotive lighting manufacturer in Uzbekistan. The Uzbekistan automotive market is expected to grow significantly in the coming years along with introduction of new models which will benefit UZ Chasys. The acquisition will further expand the company’s geograph- ical footprints. Investors with medium-term view can buy this stock.

MAKING WHEELS TURN

Goodyear India
BSE Code: 500168
CMP: Rs1226.20

Goodyear India is involved in the manufacture of rubber tyres. In the passenger car segment, the company supplies tyres to many of the leading OEMs and has also been a pioneer in introducing tubeless radial tyres. In the farm segment, Goodyear India’s tyres are supplied to all the major tractor companies. Murmurings on the D-Street indicate that an important announcement is expected in this stock which could induce positive movement. Hence, you can take a bet in this stock. 

LONGEVITY PAYS

SBI Life Insurance Company Ltd
BSE Code: 540719
CMP: Rs1052.70

A leading life insurance company in India, SBI Life offers a range of life insurance plans and policies. The stock is up by nearly 15 per cent on YTD basis and is trading near its lifetime highs. The stock has witnessed healthy consolidation over the last 10 weeks and this has taken the form of a cup pattern. As per one of the well- known technical analysts of D-Street, the stock could deliver handsome returns in the near term. It’s like a joker in the pack which can deliver a pleasant surprise. Hence, keep a close eye on this stock. 

MAKING MONEY WORK

EMKAY GLOBAL FINANCIAL SERVICES
BSE Code: 532737
CMP: Rs103.35

The company functions in the financial service sector with a presence of over two decades in the course of which it has withstood several challenging scenarios. Being a diversified financial service company, it plays an active role in catering to the needs of the institutional and non-institutional clients efficiently. It aspires to expand its operational base with better technological infrastructure and strong physical presence to engage its stakeholders. The company recently acquired 27 per cent stake in FinLearn Edutech through which customers are educated in trading and investment through an online platform. It is confident that with growing digital adoption online learning will persist even in the post-pandemic phase. A good bet for risk-takers! 

(Closing price as of July 12, 2021)

 

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