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

PROFITING FROM INNOVATION

Tinplate Company of India

BSE Code: 504966
CMP: Rs309.80

The Tinplate Company of India is India’s first domestic tinplate producer with over a century of experience. It’s a subsidiary of Tata Steel. The company enjoys 39 per cent of the domestic tinplate market share and 52 per cent of the prime tinplate market share. Interestingly, it has developed India’s first branded 15 kg edible oil can, PAXEL, which has made way for opportunities to directly engage with edible oil brands as service and solution partners (SSPs). The company is planning to increase its market share by focussing on product quality and development by leveraging its long-term relationships with its customers. Buy this stock for decent gains. 

SMOOTH AS SILK

Siyaram Silk Mills

BSE Code: 503811
CMP: Rs 409

The company is engaged in manufacturing fabrics and readymade garments. The company’s brands include Siyaram’s, J Hampstead, Cadini, Oxemberg, Mozzo and Casa Moda (home furnishing). One of the very well known fund managers of the Indian markets is reported to have increased the stake in this company and it seems this stock would be a dark horse in the coming days.

PENNING A WEALTH STORY

Linc Pen and Plastics

BSE Code : 531241
CMP : Rs249.40

Linc Pen and Plastics is one of India’s most trusted writing instrument brands. The company enjoys a sales presence in more than 50 countries. Considering the sustained closure of educational institutions, the performance recorded by the company in the quarter ended June 30, 2021 can be considered satisfactory. Interestingly, the revenues from products priced at Rs 10 and above were 54 per cent in Q1FY22 as compared to 46 per cent in Q1FY21. A wider distribution footprint helped the company seed its brand with new retailers. With educational institutions opening gradually, our sources indicate this could be one of the major beneficiaries. Hence, accumulate this stock.

A DARK HORSE

Vinati Organics

BSE Code : 524200
CMP :  Rs1,968.25

Vinati Organics is among the leading global manufacturers of specialty chemical products and is the world’s largest manufacturer of IBB and ATBS and India’s largest manufacturer of IB and HP MTBE. The company’s products are exported to customers in countries across Europe, America and Asia. With consistent investments in technology and capacities, the company is the largest producer of IBB in the world with a capacity of 16,000 TPA. A source from D-Street has indicated that the occasional spike of volume is not a random thing but a systemic purchase mechanism by some smart players who are aware about some big development taking place in the company and are hoping that the stock would break its shackle of range consolidation and head higher. Hence, high-risk appetite players can enter this stock for some short-term gains. 

(Closing price as of Oct 04, 2021)