Kerbside

STRONG GROWTH 


HDFC Life Insurance Company 
BSE Code: 540777 
CMP: Rs.470.00

Out of this pack, our sources suggest that the stock of HDFC Life Insurances still has some steam left. There are multiple tailwinds for the stock. The company posted a strong growth in its market shares, which advanced to 9.24 per cent in May 2018 from 7.07 per cent in January 2019, which is a gain of 217 bps. Moreover, the company’s premiums in the month of May registered a staggering growth of 52.03 per cent YoY. In terms of segmental performance, HDFC Life’s individual single premium in the month of May grew 68.25 per cent YoY. The future prospects of the company look bright and, hence, traders and investors can take a bet on this stock. 

RESULTS

Tata Elxsi
BSE Code: 500408
CMP: Rs.921.30 

The stock has witnessed a smart rally from the lower levels. The stock has recorded more than 10-day average volumes on Tuesday along with a sizeable bullish candle. The stock has managed to close and trade consistently above its short term moving average, i.e. 20-DMA, which is positive for the stock. Also, there are some murmurs on the D-Street that some smart traders are buying this stock in anticipation of a better performance in the upcoming quarterly results. Hence, traders with high risk appetite can initiate a long position at the current level. 

MARGIN TO IMPROVE

Marico
BSE Code: 531642
CMP: Rs.373.65 



The FMCG major, known for its flagship product Parachute oil, is eyeing more launches in the premium personal-care and food categories to shore up margins. One of the key officials of the company has indicated that investment will focus on driving growth rather than just shoring up turnover. The premium new offerings will first be introduced online before extending them to modern trade. Risk-takers can go for this scrip and hope to make some quick buck.

AND FINALLY.. 

Torrent Power
BSE Code: 532779
CMP: Rs.301.15 



The stock has witnessed an eye-popping upmove in the last two weeks or so. The stock has rallied over 20 per cent in the otherwise dull market after it received approval from Gujarat Electricity Regulatory Commission (GERC) for the power procurement arrangement of 278 MW between the company’s UNOSUGEN power plant (capacity of 382.5 MW) and its licensed distribution business for cities of Ahmedabad, Gandhinagar and Surat. The approval, with certain stipulations, is for the balance life of the plant, i.e., for 19 years. According to the grapevine, there is still a long way to go for the stock price.

(Closing price as of July 02, 2019)