KERBSIDE

SURYALAKSHMI COTTOM MILLS: Suryalakshmi Cotton Mills is a vertically integrated denim player, which not only makes yarns for denim fabrics, value added fancy yarns but also denim garments. Recently, the company has set up new facility at Amaravati to manufacture value added fancy yarns. There has been a good accumulation in the stock over the past few trading sessions which are quite evident from the increased volumes in the counter. Our sources suggest that some big HNIs taking a keen interest in the stock and have been accumulating. The stock is likely to witness an uptrend in the short term.

Sundram Fasteners: Sundaram Fasteners is a TVS Group company that manufactures automotive and engineering components. It is a market leader in fasteners and has a long standing relationship with the lot of OEMs in India and abroad. Lately, the stock has been witnessing good volume and according to market sources, institutions are recommending their big clients to accumulate this stock. So, investors may take a position as stock is likely to witness bullish momentum. 

Menon Bearings: The company is engaged in the manufacturing of auto components. During second week of July, the company reported its Q1 June 2016 earnings, which were above the market expectations and the company’s board of directors recommended issue of one bonus share for every five shares held. The stock is likely to outperform in the coming week as it has seen renewed interest from market participants. 

Inox Leisure: Inox Leisure is the diversification venture of the Inox Group. The stock has been witnessing good volumes in the past few trading sessions. Market sources suggest that the stock may witness a good jump in the short term on the back of some positive announcement that is expected to come out shortly. Therefore the stock can be looked at from a short-term trading perspective.