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

SAFE HEAVEN

TCS
BSE Code: 532540
CMP: Rs.2179



Nifty has plunged over 800 points in just a span of 16-17 trading sessions and the sentiments caused mass hysteria on the D-Street. If our sources are to be believed, in such times of turbulence, HNIs and big investors will move their money to the safe havens. India’s biggest software service company TCS could offer the best safe haven at this point of time. Investors with a short-medium term horizon could accumulate the stock for a safe and steady return. For quarter ended June, 2020 the company’s revenue grew by 11.41 per cent YoY with an increase in net profit by 10.74 per cent YoY to Rs. 8,153 crore.

BOUNCE BACK

Astrazeneca Pharma
BSE Code: 506820
CMP: Rs.1986.30

The stock has seen a decent bounce-back from its important moving average, i.e. 200-DMA, which is quite popular amongst traders and investors. If the stock dips towards this moving average, it will be seen as a buying opportunity. Recently, the stock after forming a strong base around the crucial moving average, surged with robust volumes, which were higher than the the 50-day average. Hence, short term traders can look at this stock from a short term trading perspective.

IMPRESSIVE EARNINGS

ICICI Bank
BSE Code: 532174
CMP: Rs.424.95



The private sector bank’s earnings for the quarter ended June 30, 2019 were impressive. A strong growth of about 27 per cent YoY in the bank’s net interest income, growth in domestic loan led by 22 per cent in retail loans, notable fall in slippages, healthy capital position and sound provision cover are some of the key catalysts in the June quarter performance. The stock makes a perfect case for buying on dips.


POSITIVE MOMENTUM

Asian Paints
BSE Code: 500820
CMP: Rs.1508.10



India’s leading paint company Asian Paints, amidst challenging backdrop, reported about 18 per cent YoY jump in consolidated net profit for the quarter ended June 30, 2019. The decorative business segment in India registered a high double-digit growth and delivered strong performance across regions. Market gossip has it that this scrip probably continues its northwards movement on strong buying by bull operators. Those with high risk appetite can take their bets on this scrip to make some quick gains.

(Closing price as of July 30, 2019)