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

JOD KA RISHTA

PIDILITE INDUSTRIES:

PIDLITIND|BSE CODE: 500331 |Volume: 37,805

This company has a popular range of products such as Fevicol and Fevikwik and these products are fairly popular in each household. Recently, the company announced its quarterly numbers and the numbers were impressive as company reported a 49.5 per cent rise in the net profit on y-o-y basis and gross margin improved by 745 bps to 51.7 per cent.  A lot of interest has been seen in the stock post the quarterly numbers and this has been observed by uptick in the volume and prices. Our sources suggest it’s likely to gain further from current levels.

PRAJ INDUSTRIES:

PRAJIND|BSE CODE: 522205 |Volume: 502,930

The price movement in this counter over the recent past has been very good along with jump in the price. The stock has reported a good set of number and this has helped stock price to surge higher. There are some rumours going on that some big market punters have taken a long position in the stock and are expecting it to move in the northward direction. Therefore, the stock can be looked at from the aspect of short-term trading gain.

TIJARIA POLYPIPES:

TIJARIA|BSE CODE: 533629|Volume: 65,657

Tijaria is engaged in manufacturing of a range of products starting from the pipelines to all the extensive accessories aiding their product portfolio. In recent times, the stock has witnessed better price movement with significant increase in the volumes. It is understood that the market participants are keeping a close watch on the stock and are slowly accumulating the stock. One with high risk appetite can enter in the stock for short-medium gains.  

PI Industries is operating into two main business activities-first one is the domestic agrochemical business which depends upon monsoon and bad monsoon has played spoilsport for the company in the last year and this has been factored into its stock prices. The second business activity is of the custom synthesis which is also known as the cramps business in the pharmaceutical world. Recently, the company has commenced the commercial production at its 3^rd unit located at Sterling SEZ facility in Gujarat. As per the sources stock is like to see a good momentum in the coming trading sessions.