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MARKET LEADER

Crompton Greaves Consumer Electricals
BSE Code: 539876
CMP: Rs.237



Crompton Greaves Consumer Electricals (CGCEL) manufactures and markets a wide variety of consumer products ranging from fans, pumps, light sources and luminaires and household appliances. CGCEL is one of the oldest and leading brands in the consumer electrical space in India. Fans contribute the highest to the company’s revenue followed by lighting, pumps and appliances. The company is an undoubted market leader in fans and domestic pumps and it would be benefited from the scorching summer season. Also, our sources indicate that the company may come out with some positive announcement which could induce positive sentiments in the stock.

POSITION BUILT UP

Orient Electric
BSE Code: 541301
CMP: Rs.164


Orient Electric is a part of the diversified CK Birla group. The company has launched a new TVC campaign featuring brand ambassador MS Dhoni to introduce its new range of IoT-enabled air coolers. It is heard that many big ticket investors and market participants are keeping a close watch on the company and are slowly building up their positions in the stock. Traders with a decent risk appetite can create a position in the stock to make some quick trading gains.

GOOD VOLUMES

Lupin
BSE Code: 500257
CMP: Rs.864.30



The stock has seen smart recovery from the lower levels and has managed to get past its crucial moving average, i.e. 100 and 200. 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, big brokers are recommending their HNIs clients for a decent upside from the current levels citing strong technical set-up in the stock. Therefore, the stock can be looked at for short-term trading gain.

AND FINALLY..

V-Mart Retail
BSE Code: 534976
CMP: Rs.2,728.00



The company had witnessed a slowdown in demand in the last six months or so. However, the top management expects a turnaround after elections. Also, some reports in the media indicate that the company aspires for 20 per cent growth YoY. There are murmurs on the street that the stock could witness re-rating in the near term, which can take the stock price to another level. Investors with medium term view can buy this stock.

(Closing price as of Apr 23, 2019)


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