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

BANK ON ICICI

ICICI BANK:

ICICIBANK|BSE CODE: 532174 |Volume: 2,224,216

ICICI Bank is India’s second largest private sector bank. In the union budget, the government has cleared most of the stuck projects in the infrastructure segment where this private sector bank has significant exposure.  This announcement would benefit the bank to clean its books. Post the announcements, the stock has seen surge in prices along with rise in the volumes. Hence, traders can trade in this stock for a decent upside from current levels.

CEMENTING PROFITS

ULTRATECH CEMENT:

ULTRACEMCO|BSE CODE: 532538 |Volume: 15,766

The stock has been moving in the range of Rs 2680-2937 for the past couple of weeks. The stock has seen renewed interest among the market participants as the government has speeded up the process of road construction and looking to award 10000 kms of road contract in FY17. This would give a boost to cement consumption. Further sentiment booster is that incentives for affordable housing projects which is likely to benefit the cement companies. Therefore, the stock is poised for an uptrend in the prices.

STAY FOCUS(SED)

PRIME FOCUS:

PFOCUS|BSE CODE: 532748 |Volume: 60,065

Double negative, a subsidiary of Prime Focus after winning ‘Best VFX’ Oscar last year for its work on Chirstopher Nolan’s ‘Interstellar’, it won the ‘Best VFX’ work on Ex Machina this year. According to the sources the HNIs have started accumulating this stock and hence we see an uptick in the prices and volumes in the last couple of trading sessions. Traders with high risk appetite can bet on this stock for short term.

IT CAN

CAN FIN HOMES:

CANFINHOME|BSE CODE: 511196|Volume: 2,806

Can Fin Homes is one of the top players in the housing finance sector, in the country at present. Announcement by the Finance minister that the first-time home buyers will get an additional interest deduction of Rs 50,000 in FY17, provided the loan availed does not exceed Rs 35 lakh and the cost of house comes under affordable house i.e. cost of house is restricted to Rs 50 lakhs. This will act as big sentiment booster for housing finance company and investors can look this stock for a decent upside from current levels.