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
A DARK HORSE
BSE Code: 505720
The company offers the entire gamut of solutions for in-plant overhead material handling: lifting, moving and storing. The products and solutions offered by company cover mechanical hoists, cranes, storage and retrieval Solutions, winches and manipulators, etc. through its trusted and well-known brands. The company has strong pan-India distribution and service network of authorised business partners (ABPs) and authorised retailers. This could be a dark horse in the coming days. Hence, risk-bearing investors may buy this stock.
PROFIT IS THE RIGHT MEDICINE
BSE Code: 539957
One of the birdies from D-Street has informed us that a dealer who is a close friend has hinted that a group of HNI investors have been placing big orders in the stock of MGL and they are still accumulating this stock. Further, we checked the delivery quantity of the stock since June 4 and found that it has indeed been witnessing high delivery volumes. Technically the stock is sound and they foresee a good upside from the current levels in the stock. One can buy this stock for good appreciation in the short to medium term.
GOOD BONDING AHEAD
BSE Code: 502937
Kesoram Industries is a niche player in the cement sector. The thrust on infrastructure projects such as the national highway project in Nagaland, Rajasthan, Karnataka and Telengana together worth over USD 5 billion has provided the Indian cement industry with a huge opportunity over the next two to three years. Moreover, the company is committed to substantially reduce its high-cost debts. This will be achieved through a combination of equity and replacing of existing debt with lower coupon. An excellent buy!
Gujarat Alkalies and Chemicals
BSE Code: 530001
Gujarat Alkalies and Chemicals Limited (GACL) is an Indian chemical manufacturing company which is one of the largest producers of caustic soda in India with a production capacity of 1,087 TPD. Technically the stock had witnessed breakout in the first half of April this year and thereafter the stock went on to touch a high of Rs 469.40. Currently, the stock is undergoing a consolidation phase and as per a renowned technical analyst, once the stock moves out of the consolidation phase it would soon be followed with a big movement. Hence, don’t miss this one!
(Closing price as of June 14, 2021)