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.

50 : 50 JV IN US

Pennar Industries

BSE Code: 513228 CMP: Rs.55.45

Engineering and special steel solutions provider Pennar Industries recently secured several orders worth Rs.255 crore across its business units. Additionally, the Executive Finance Committee of the company approved to set up a 50:50 joint venture in the US to supply the company’s goods and services. The joint venture will help the company to increase its addressable market and contribute to an increase in revenue and profitability. The stock may reward handsomely in the short term.

POSITIVE SENTIMENT

Cholamandalam Investment and Finance Company

BSE Code: 511243 CMP: Rs.1132

Cholamandalam commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking etc. There is a strong buzz that the stock may come out with an announcement that may induce positive sentiments in the stock. A cartel of HNIs has been tracking the stock closely and, at the same time,  has taken long positions in the stock.

Long Positions Built Up

Manpasand Beverages

BSE Code: 539207 CMP: Rs.798

Manpasand Beverages reported a strong Q4FY17. The company has entered into tie-up with Parle Products. According to murmurs, it is heard that some big market participants and HNIs have built up a long position in the stock and are expecting the stock price to move in the northward direction. The stock can be looked at from a short term trading perspective.

AND FINALLY

Prabhat Diary

BSE Code: 539351 CMP: Rs.127

Prabhat Dairy, an integrated milk and dairy products company, is engaged in the business of procurement and processing of milk and sale of milk and milk products. Its portfolio consists of dairy products, including pasteurized and sweetened milk, clarified butter (ghee), yoghurt, dairy whitener, cheese, paneer, milk powder, lassi, and chaas. The company launched its ice cream brand in Maharashtra (Nashik, Ahmednagar, Aurangabad, Jalgoan and Dhule). The company in its quarterly presentation had mentioned its focus on increasing the availability of their products in both existing and new market across India. It has been heard that the stock price is likely to move northward in the upcoming days.