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

MODERNISING MILITARY HARDWARE

Bharat Electronics
BSE Code: 500049
CMP: Rs 182

Bharat Electronics is a Navarata company and India’s largest defence electronics equipment manufacturer. It is a key beneficiary of the government’s continued efforts at modernising the military hardware. This Navratna company’s performance has excelled in Q1FY17 and with the company’s order book at an all-time high of Rs 40,000 crore, the company is likely to show robust performance going forward as well. Hence, it is an excellent buy for the short-medium term.

SHARP PROFIT GROWTH

NIIT Limited
BSE Code: 500304
CMP: Rs 94.05

NIIT Limited, a global leader in skills and talent development, offers multidisciplinary learning management and training delivery solutions to corporations, institutions and individuals in over 40 countries. This stock has come back into the HNIs and big investors’ radar after its sharp profit growth in this quarter. The company has reduced debt significantly and our sources suggest it presents a very compelling story for traders who are looking at limited downside risk.

DEVELOPMENT ANNOUNCEMENT

Century Textiles and Industries
BSE Code: 500040
CMP: Rs 1170

The price movement in this stock in the recent past has been very good along with decent volumes. As per our market sources, the price is expected to see further upmove in the coming trading sessions as the company may announce some development in the near term. Therefore, the stock can be looked at for short-term trading gain.

AND FINALLY..

Jayshree Tea and Industries
BSE Code: 509715
CMP: Rs 104.55

The company’s segments include tea, sugar, chemicals and fertilizers, among others. It offers various tea categories, such as Darjeeling tea, Assam Orthodox tea, Assam CTC, Dooars, Cacher, South India and packet tea. So far there is normal rainfall in North India and good prediction for monsoon in the country. The demand for tea is increasing every year by around 3 per cent and the supply will remain limited. The company has taken measures to cut down its cost of production. Considering this, the stock may move in the northward direction in the coming trading sessions.