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

GSFC|BSE CODE: 500690 |Volume: 739,533

GSFC is engaged in manufacturing of fertilisers and industrial chemicals. The company is amongst the most profitable companies in this industry. The company has reported a net profit of Rs 142.64 crores in September 2015 as compared to net profit of Rs 124.31 in September 2014, an increase of 14 per cent. FIIs have raised their stake to 21.14 per cent in the September quarter. The stock has seen northward movement in the price along with rise in volumes and according to our sources, it’s likely to see further appreciation in its price in the short-term.

MAFATLAL INDUSTRIES:  

MAFATIND|BSE CODE: 500264 |Volume: 9,950

Mafatlal Industries, a flagship company of the Arvind Mafatlal Group that has vertically integrated composite textile mills, was incorporated in 1913 at Ahmedabad. The company is engaged in manufacture of textile and textile chemicals. Recently, the midcap and smallcap textile stocks have been in the limelight surging higher. Our sources suggest this stock is likely to catch up with the rest of the stocks in the textile space. Considering this, traders and investors with high risk appetite can build position for some quick gains. 

ARSHIYA:

ARSHIYA|BSE CODE: 506074|Volume: 870,957

This stock was one of the favourite stocks of the fund managers and HNIs in the broader market. The stock had once quoted above Rs 300 in the year 2010. However, things turned worse for the company due to some debt and corporate governance issues and thereafter its stock price tanked. Things seem to be turning around for this stock as the company has announced that the company is in receipt of a letter from Corporate Debt Restructuring Cell, informing the exit of the company from Corporate Debt Restructuring Scheme. Our sources suggest that post this news many HNI’ are actively participating in this stock. Hence, this stock will remain in limelight for the coming trading sessions.

JAMNA AUTO INDUSTRIES:

JAMNAAUTO|BSE CODE: 520051|Volume: 593,552

The company is the largest manufacturer of tapered leaf and parabolic springs for commercial vehicles (CVs) in India. It has been a trusted and preferred supplier to all major CV manufacturers for over 50 years. With the commercial vehicle space showing steady growth, this stock has been on the radar of the fund managers and HNIs as one of the value picks in their portfolios. According to market sources, it is likely to witness an upward move from its current level