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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.
SECURING WORK ORDER
Indian Hume Pipe
BSE Code: 504741
CMP: Rs.521
The company is engaged in the construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems and pipe manufacturing. Recently, the company has secured work order of Rs 260.75 crore from public health engineering department, Ajmer, Rajasthan, for cluster scheme of 213 villages. The company reported robust numbers for the quarter ended March 2017. The stock could deliver decent returns in the short-medium term.
POSITIVE ANNOUNCEMENT
Tata Metaliks
BSE Code: 513434
CMP: Rs.763
Tata Metaliks is engaged in the manufacture of foundry grade pig iron. The company manufactures and sells products, such as scrap pig iron and granulated slag. The talk of the street is that the stock may come out with some positive announcement that may induce positive sentiments in the stock. Hence, it may witness northward movement in the coming days.
BUYING INTEREST
Man Infraconstruction
BSE Code: 533169
CMP: Rs65.05
Man Infraconstruction is a leading construction company in India that has executed construction work for some of the most significant port projects in the country. Man Infra has successfully executed construction of high-rise buildings with three residential towers of 55 storeys, which are among the tallest towers in the western suburb of Mumbai. The company has relentlessly explored and seized construction opportunities across various business verticals. As per the buzz on the street, the stock has witnessed good accumulation from HNIs in the last few weeks and, hence, the stock can be looked at for short-term trading gain.
AND FINALLY..
Dalmia Bharat
BSE Code: 533309
CMP: Rs.2603
The company is a manufacturer of cement. Its business segments include cement, refractory, management services and others. The company’s cement volumes grew 66 per cent YoY and 31 per cent QoQ basis, led by a strong demand from the residential housing sector. The stock has witnessed good price action along with decent volumes in the last few trading sessions. It is heard that many big ticket investors and market participants are keeping a close watch on the company and are slowly building up their positions in the stock. Those with a short-term trading horizon can consider this stock