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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 

POSITIVE DEVELOPMENT 

Power Grid 

BSE Code: 532898
CMP: Rs 196.65 

The Central Electric Regulatory Commission’s (CERC’s) draft regulation for April 2019-2024 has come as a boon for the power companies with CERC retaining the assured return on equity (ROE) at 15.5 per cent. This is contrary to street expectations as the market was factoring in reduction of 100-150 basis points. According to sources, the stock of Power Grid is likely to benefit immensely from this announcement. The stock price is most likely to appreciate in the short term. 

CASINO LICENSE 

Delta Corp 

BSE Code: 532848
CMP: Rs 256.90 

India’s largest casino operator Delta Corp has filed a writ petition in the Bombay High Court seeking the Daman and Diu administration to grant them a casino licence. A cartel of HNIs has been tracking the stock closely and, at the same time, has created long positions on the stock. As a result, the stock has seen a jump in volumes in the recent past. There is a strong buzz that the stock may get the necessary approval required and this may induce positive sentiments in the stock 

GOOD VOLUMES 

Chennai Petro 

BSE Code: 500110
CMP: Rs 289.55 

The stock has seen smart recovery from the lower levels and has managed to get past its 100-day moving average after a long time. The price movement in this stock in the recent past has been accompanied with very good volumes. The stock price is expected to see further upmove. If sources are to be believed, some HNIs and big market punters have taken long positions in the stock and are expecting it to move in the northward direction. Therefore, the stock can looked at for short-term trading gain. 

AND FINALLY. 

Kamat Hotels 

BSE Code: 526668
CMP: Rs 53.95 

Stocks of the hotel industry has been in the limelight recently. One of the stocks which has seen renewed interest is Kamat Hotels. In the past few sessions, the stock has seen big jump in price, delivering over 20 per cent returns, along with spurt in volumes. Market sources suggest that there is still some steam left in the counter, hence it might potentially still be on an uptrend. Hence, traders with high risk appetite may add this stock to the portfolio.