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Kerbside

| 02/01/2018 Thursday

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 

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ORDER WIN 

Ester Industries
BSE Code: 500136
CMP: Rs74 

Ester Industries is India’s leading manufacturer of polyester films, engineering plastics and speciality polymers. Recently, the company entered into an agreement with Shaw Industries Group, USA, a wholly-owned subsidiary of Berkshire Hathaway. The total size of this single order is estimated to be around Rs 900 million per year, which is more than double the company’s FY2017 speciality polymer revenues, which amounted to Rs 430 million. The agreement is open-ended with the first purchase order received and shipment slated to commence in February 2018. A big positive development for the company and it is likely that the stock price may witness a big jump 

BARGAIN BUY 

Kalpataru
BSE Code: 522287
CMP: Rs442 

Kalpataru has an overflowing order book position and could be the stock to watch out for. At current price, the downside risk appears to be very limited. Recently, JMC Projects (India) Limited (JMC), a subsidiary of Kalpataru Power Transmission Limited, has secured new orders worth Rs 751 crore. The company has two commercial projects and a residential project in South India totalling Rs 448 crore and two residential projects and one industrial project in northern and eastern India totalling Rs 303 crore. A bargain buy at the current levels. 

GROWING MARKET IN KENYA 

Bliss GVS Pharm
BSE Code: 506197
CMP: Rs205 

The company primarily develops, manufactures and markets products across various therapeutic categories including anti-fungal, contraceptive, laxative, antihaemorrhoidal, anti-spasmodic, anti-malarial, antibiotic, antimicrobial, anti-inflammatory, antipyretic, analgesic and several others. Bliss GVS has continued to grow its market in Kenya, Nigeria and France on the back of contract manufacturing and new product launches. The African market presents a big opportunity for Bliss GVS as Africa is one of the world’s fastest growing pharmaceutical markets and about 90 per cent of its revenue comes from Africa. As per our sources, many HNIs have taken position in this counter.

AND FINALLY..

Lux Industries
BSE Code: 539542
CMP: Rs1712 

Lux Industries Limited is an India-based company engaged in the manufacture and sale of knitted apparels, including hosiery. The company offers various products for men, women and kids. There are a number of reasons that make Lux an attractive proxy for the growth of India’s consumption story and its fashion hosiery sector. Inner wear market of Rs 24,000 crore (2015) is projected to grow to Rs 47,000 crore by 2020. The company has a pan-India footprint and strong presence in western and central India. The growing traction in Africa, Arabian countries and the Middle East will boost company’s sales. The company will be manufacturing and marketing a unique collection of socks, innerwear and sleepwear for One8, globally. Hence, the stock could be bought for decent appreciation.  

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