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

ORDER WIN 

Surya Roshni

BSE Code: 500336
CMP: Rs 245.80 

The company has evolved as one of the fully-integrated steel pipes and strips and lighting and consumer durables conglomerate. In the lighting segment, Surya is one of the most respected and trusted brands in India. Recently, the company secured orders aggregating to Rs102.52 crore for design, manufacture, testing, supply, warranty and replacement of LED bulbs and other related works from Energy Efficiency Services Limited (EESL) and for supply of ERW pipes to domestic PSU. Some bull operators and HNIs are reportedly becoming active on this counter due to which it is likely to witness a spurt in its price in the coming days. Risk-takers can go for this scrip and hope to make some quick buck. 

STOCK ACCUMULATION 

Karnataka Bank

BSE Code: 532652
CMP: Rs 119.20 

Private sector lender Karnataka Bank has reported a mammoth 60.7 per cent jump in its net profit at Rs140.41 crore for the third quarter of the current financial year, as against Rs87.38 crore in the year-ago period. The deposits of the bank rose to Rs65,141 crore from Rs57,771 crore, registering Y-o-Y growth of 12.76 per cent. There is market buzz that the stock is likely to head northwards and deliver good returns in the short term as some well-known investors are accumulating the stock. 

EXPECTED ANNOUNCEMENT 

Symphony

BSE Code: 517385
CMP: Rs 1166 

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.. 

ICICI Prudential Life Insurance Company

BSE Code: 540133
CMP: Rs 351 

The state-owned Life Insurance Corporation’s market share fell below 70 per cent in the financial year ended March 2018 as private insurers became more aggressive. The market share of private insurers increased to 30.64 per cent in 2017-18 from 28.19 per cent in 2016- 17. Further, the market share of private insurers in new business premium also saw an increase during 2017-18 over the year-ago period. Our sources suggest it is good time to accumulate shares of ICICI Prudential Life Insurance Company, which is amongst the top private sector life insurance companies in India on a retail weighted received premium (RWRP) basis. Investors with medium term view can buy this stock.