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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 

REVENUE SURGE 

Meghmani Organics 

BSE Code: 532865
CMP: Rs 52 


Meghmani Organics is an India-based manufacturer of pigment and pesticide products. The company’s segments include pigments, agrochemicals and basic chemicals. The company recently reported its Q3FY19 earnings. The company’s revenue surged 22.6 per cent YoY to Rs 552.3 crore as against Rs 450.4 crore in the corresponding quarter last year. The PAT for the quarter came in at Rs 79.4 crore as against Rs 62.6 crore in the corresponding quarter last year, an increase of 26.8 YoY. The stock witnessed a sharp upmove along with record volumes, which were highest seen in the last three months. As per our sources, the stock is likely to see a re-rating and it may continue to surge higher 

VOLUME SPURT 

Endurance Technologies 

BSE Code: 540153
CMP: Rs 1284 

Endurance Technologies is one of India’s leading automotive component manufacturing companies. It serves to 2/3-wheelers, passenger vehicles and HCVs/LCVs. Some operators are reportedly becoming active on this counter due to which it is likely to witness a spurt in its price in the coming days. Risktakers can go for this scrip and hope to make some quick buck. 

VALUE BUYING 

Sun Pharma Advanced Research 

BSE Code: 532872
CMP: Rs 155.80 


Sun Pharma Advanced Research Company is engaged in the research and experimental development on natural sciences and engineering (Pharmacy). The stock has witnessed better movement with an uptick in volumes in the last few trading sessions. It is heard that many big ticket investors and market participants are keeping a close watch on the company and are slowly building their positions in stock. Those with a short-term trading horizon can consider this stock. 

AND FINALLY.. 

AIA Engineering 

BSE Code: 532683
CMP: Rs 1660 


AIA Engineering is one of the global leaders in manufacturing valueadded, impact abrasion and corrosion resistant high chrome mill internals (HCMI). AIA Engineering reported revenues of Rs 726.4 crore, posting a growth of about 27 per cent YoY. EBITDA came in at Rs 165.2 crore and EBITDA margin came in at about 22.7 per cent and net profit for the quarter registered growth of 11 per cent YoY. The company has planned to set up manufacturing plant of mining liner with estimated capex of Rs 250 crore which will add liner capacity of 50,000 MT per year and will be commissioned in FY2019-2020. Market operators are bullish on this scrip and expect it to spurt in the short term. Those willing to take some risk may buy the scrip for some decent gains

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DSIJ Mindshare

Welspun India targets US markets with Target Corporation, board approves buyback & much more!

Geyatee Deshpande / Article rating: 4.5

In a press release, Welspun India stated that the company is set to work with Target Corporation in the USA to achieve business growth. Reacting to the announcements made post the meeting held of its board of directors, its stock jumped by more than 11 per cent. 

Alembic Pharmaceuticals plunge despite getting USFDA nod for Lurasidone Hydrochloride tablets

Shruti Dahiwal / Article rating: 3.7

Alembic Pharmaceuticals Limited, a leading pharmaceutical company, announced today that it has received approval from US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Lurasidone Hydrochloride tablets (20 mg, 40 mg, 60 mg, 80 mg, and 120 mg).  

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