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

GROWING ORDER BOOK 

RITES
BSE Code: 541556
CMP: Rs.245.90 


RITES is a Mini-Ratna Category A PSU of the Government of India and it is a leading player in the transport consultancy and engineering sector in India. The company’s standalone order book stands at Rs 6,054 crore as of December 31, 2018, which is expected to be executed in the next one to three years. The interim budget has increased the amount allocated for infrastructure capex. With this, the company is uniquely poised to grow in all the segments of business, consultancy and turnkey, in particular. The company has been consistently profitable since last many years and have paid dividends regularly. Risk-takers can go for this scrip and hope to make some quick buck. 

MOMENTUM UP 

Goldiam International
BSE Code: 526729
CMP: Rs.109 

The stock has surged sharply in the last week or so along with robust volumes. There is a buzz in the market that bull operators and some of the well-known investors of D-Street are accumulating the stock. Investors and traders with high risk appetite too can jump on to the bandwagon and hope to make some quick buck as our sources suggest that the stock may continue its northward movement. 

RURAL SALES 

Marico
BSE Code: 531642
CMP: Rs.359 


Most of the FMCG stocks have come under selling pressure recently. However, Marico appears to be one of the FMCG companies to buck the trend. Unlike other FMCG companies, rural sales maintained the lead over the urban channel, while other channels such as modern trade and CSD channels maintained their growth momentum. The Saffola edible oil has started witnessing recovery in the sales volume due to appropriate marketing initiatives and the management expects it to grow in mid-teens in the coming quarters. Also, the declining trend of copra prices would aid Marico to post higher profitability in the coming quarters. One can look to accumulate this stock for decent gains. 

AND FINALLY.. 

Aavas Financiers
BSE Code: 541988
CMP: Rs.1406.70 


Given the challenging circumstances faced by the NBFC industry during FY18-19, the company has been performing consistently with timely investments and a commitment to deliver sustainable long term performance. The CEO of the company commented that the company would continue to strive for strong asset quality, sustainable profitability and consistent growth. Its disbursements have grown by 30 per cent YoY, yet the growth does not compromise on the quality of the assets. The stock is likely to head northwards and deliver good returns in the short term.

Rate this article:
No rating
Comments are only visible to subscribers.

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR