Kerbside

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

NEW GEOGRAPHIES

Jiya Eco-Products
BSE Code: 539225
CMP: Rs.54.60




The company is engaged in manufacturing of biofuel briquettes and pellets from agriculture and forest waste which are substitutes for coal, lignite, kerosene, LPG, diesel, etc. CEA has asked states to use 5-10 per cent biomass pellets for power generation. There are approx. 116 power plants in India, and if the industry switches to 10 per cent as proposed by CEA as alternate fuel of its fuel requirement to agri waste from current coal, it would imply a sourcing market opportunity of USD 2.7 bn for biomass briquettes and pellets in the years to come. The company plans to enter new geographies like Rajasthan and Madhya Pradesh which would help to boost its topline.


INCREASING STAKES PRICE -VOLUME BREAKOUT


MCX
BSE Code: 534091
CMP: Rs.942.60


MCX has been seeing its turnover grow this year backed by new participants and increased momentum in the gold prices. As per the murmurs on the D-Street, strong hands have already started accumulating this stock. Also, if we look at the shareholding pattern for the quarter ended June 2019, mutual funds and foreign portfolio investors have increased their stakes. You too can jump on to the bandwagon and hope to make some quick buck!

BREAKOUT

Petronet LNG
BSE Code: 532522
CMP: Rs.259.85



An analyst from one of the leading broking firms in the country is recommending clients to buy the stock of Petronet LNG for short-medium term gains. As per the technical analyst, the stock has achieved a clear breakout from a multi-month resistance. The RSI indicator is positive and with rising volumes, the analyst anticipates the stock to move further up. Hence, traders can take exposure in this scrip for some trading gains. 

PRICE -VOLUME BREAKOUT

Balrampur Chini
BSE Code: 500038
CMP: Rs.129.40



The price movement in this counter in the recent past has been very good, driven by robust volumes. As per our sources, the stock price is expected to see a further upmove. Some well-known HNIs and big market punters have initiated long positions in the stock as they are expecting it to move in the northward direction. Therefore, the stock can be looked at for short-term trading gain.(Closing price as of Aug 28, 2019)

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