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


KARNATAKA BANK: DESTINATION MANGALURU

KTK BANK|BSE CODE: 532652 |Volume: 116,017

Karnataka Bank is a major banking institution based in the coastal city of Mangaluru in Karnataka. Recently, the bank has announced its quarterly numbers and few interesting and valuable takeaways from the results were CASA (Current Account, Savings Account) deposit increasing by Rs 1,791 crores to Rs 12,529 crore. One of the big investors of D-street has showed keen interest in the stock and has picked up good number of shares. So this stock is likely to remain in limelight for the short term.

GRAPHITE: STRONG AS GRAPHITE

GRAPHITE|BSE CODE: 509488 |Volume: 2,017

Graphite is the pioneer in Indian for manufacture of graphite electrodes as well as carbon and graphite speciality products. The group has total capacity of nearly 98,000 tons per annum and this brings them in the league with the top global electrode producers in the world. The DIIs have continued to increase their stakes in the stock. As per the September quarter numbers, DIIs holding stands at 6.18 per cent as compared to 5.61 per cent in the June quarter. The stock can be looked at from a short-term perspective.

NITIN SPINNERS: MONEY-SPINNER

NITINSPIN|BSE CODE: 532698 |Volume: 44,095

Nitin Spinners is engaged in the production of cotton yarns and knitted fabrics. Exports constitutes 65 per cent of its sales as the company is exporting products to more than 40 countries including US, European and Asia-Pacific countries. Rupee has been depreciating reaching Rs 67.57/US $. The company is likely to be benefitted from this scenario as the average realisation of the company will improve in near future.  As per our sources, a cartel of HNI has been tracking the stock closely and at the same time has created long positions on the stock.

KANSAI NEROLAC: PAINT IT GREEN

KANSAINER|BSE CODE: 500165|Volume: 4,224

The stock had seen a good move but due to unfavourable market conditions, the stock has now corrected from the top. There has been a good accumulation in the stock over the past few trading sessions which is quite evident from the increased volumes in the counter. Our sources suggest that some big HNIs and institution are taking a keen interest in the stock and have been accumulating it over the last fortnight. The stock is likely to witness an uptrend in the short term.