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

REDUCE LEVERAGE 

Reliance Infrastructure
BSE Code: 500390
CMP: Rs 506.45

The Union cabinet in mid- August approved a new Metro Rail Policy that makes publicprivate participation (PPP) component mandatory for availing Central assistance for new metro projects. This could open up a huge opportunity for Anil Ambani-led Reliance Infrastructure, which is a key player in this space and there is buzz on the street that the company is planning to unlock value in its existing businesses and thereby significantly reduce its overall leverage. Traders with an appetite for risk may enter in the stock for decent gains

ROBUST GROWTH IN PROFITS

RBL Bank
BSE Code: 540065
CMP: Rs 538

After having a dream run since the listing day, this private bank still looks a decent buy at the current levels. In the June quarter, bank’s loan growth stood at 40 per cent and gross non-performing assets at 1.46 per cent. With robust growth in profits, strong loan growth and better asset quality compared to its peers, this is a perfect bet to participate in the private banking story in India. Keep an eye on this stock as this stock could deliver decent returns.

HIGHER PENETRATION OF TILES 

Kajaria Ceramics
BSE Code: 500233
CMP: Rs 707

India’s largest tile company Kajaria Ceramics is likely to benefit from higher penetration of tiles, government focus on housing and consolidation in favour of organised players. The price movement in this counter over the recent past has been very good, along with large volumes. The stock price is expected to see further upmove. Hence, those with a short-term trading horizon can consider this stock.

AND FINALLY..

Vakrangee
BSE Code: 511431
CMP: Rs 502

Vakrangee has evolved as a leading technology player, implementing Government of India’s e-governance programmes in 16-plus states. It provides real time BFSI (banking, financial services and insurance) services, government-to-citizen services, logistics and e-commerce services to the un-served and under-served rural, semi-urban and urban markets. The company has consistently added 20,677 Vakrangee Kendra outlets during FY16 which have increased to 35,206 Vakrangee Kendra outlets in FY17, well ahead of the targets set out earlier. As per our sources, the company is targeting 75,000 Vakrangee Kendra outlets by 2020. Considering its large expansion plan, it is a good buy even at the current levels.