Kerbside

Q2FY19 RESULTS 

Oberoi Realty
BSE Code: 533273
CMP: Rs. 432.65

Oberoi Realty is India’s leading real estate development company. It focuses on premium developments in the residential, office space, retail, hospitality and social infrastructure verticals. The company has reported exceedingly good set of numbers for Q2FY19. Revenues grew robustly by 95.1 per cent YoY to 592.1 crore and the consolidated net profit reported nearly surged 105 per cent YoY to Rs. 213.8 crore. Our sources suggest that with the kind of earnings reported by the company and given the quality of its land bank and management bandwidth to execute large projects, the stock seems like a good buy.

ACCUMULATION

Linde India
BSE Code: 523457
CMP: Rs. 446.95 

The company is a global market leader in gases and engineering solutions. The stock has been moving in a range-bound manner for quite some time. There has been a good accumulation in the stock over the past few trading sessions, which is quite evident from the increased volumes in the counter. Our source hints that some big market participants and HNIs are taking a keen interest in the stock and have been accumulating this stock recently. Investors with a high risk appetite may enter the stock for gaining handsome returns in the short-medium term. 

VOLUME UPTICK 

EID Parry
BSE Code: 500125
CMP: Rs. 222.85

The company is a part of the Murugappa Group, one of India’s leading business conglomerates. The company is engaged in the business of sugar and nutraceuticals. Market gossip is doing the rounds that a strong rally is expected in this counter in the very near term as some major development is likely to be announced. The volumes have seen an uptick along with the price over the past few trading sessions. One can look at the stock for some short-term trading gains.

AND FINALLY..

Mahindra CIE Automotive
BSE Code: 532756
CMP: Rs. 264.55

Auto component supplier Mahindra CIE Automotive has witnessed a healthy correction during the recent market correction and this provides an opportunity to enter the stock. Recently, the company announced its earnings for the quarter ended September 2018 and the standalone revenue from operations of the company climbed 21.7 per cent to Rs. 652.4 crore and the net profit jumped to Rs. 42.57 crore. Going forward, the new orders, strong demand outlook and attractive valuation makes the stock worth considering for investment.

(Closing price as of Oct 24, 2018)