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
HIGH VOLTAGE PROFITS
KEI Industries Ltd.
BSE Code: 517569
CMP: Rs602.20
KEI Industries is among India’s leading manufacturers and marketers of cables and wires with a comprehensive product portfolio ranging from housing wires to extra-high-voltage (EHV) cables. The company is one of the few manufacturers of EHV cables in India. The stock has seen good accumulation by institutional investors in the March 2021 quarter, increasing their holding from 39.77 per cent to 42.63 per cent. Also, the FIIs and FPIs have increased their holding from 16.33 per cent to 18.49 per cent in the March 2021 quarter. The number of FPI investors increased from 114 to 125 in the March 2021 quarter. You too can jump on to the bandwagon and hope to make a quick buck!
KING OF GOOD PROFITS
UNITED BREWERIES LTD.
BSE Code: 532478
CMP:Rs1249.65
The company’s flagship brand ‘Kingfisher’ is synonymous with alcoholic beverage and the stock is looking quite attractive on the chart. The stock has been an underperformer so far as it has delivered year-to-date returns of mid-single digit. However, a top technical analyst indicates that a base formation has been done in the stock and it is ready to explode. Hence, don’t miss out on this stock for short-term trading.
TOP-NOTCH PERFORMANCE
SIYARAM SILK MILLS LTD.
BSE Code: 503811
CMP: Rs221.00
The stock is up by nearly 13 per cent on year-to-date basis and on a week-to-date basis it is up by 8 per cent. The stock has seen good volume buildup in the last couple of weeks. The reason for a spike in recent days is that a smart group of investors are accumulating this stock ahead of the results as textile stocks are expected to post good quarterly financial performance.
CHECK IN FOR PROFITABLE PROSPECTS
INDIAN HOTELS CO.LTD.
BSE Code: 500850
CMP: Rs121.60
The Indian Hotels is South Asia’s largest hospitality company with a powerful portfolio of compelling propositions such as Taj, SeleQtions, Vivanta, Gateway and Ginger. One of the sources from the dealer’s room has indicated that HNIs have started accumulating this stock as the deadly second wave of pandemic in the country has started receding. With most cities expected to re-open in June, this could be a dark horse in the days to come.
Furthermore, the company has developed innovative revenue streams to meet evolving customer needs and has followed stringent spend optimization and financial prudence measures. These initiatives helped the company achieve quarter-on-quarter growth and deliver positive EBITDA in the last two quarters of FY 2020-21. Those with high-risk appetite can take their bets on this scrip to make quick gains.
(Closing price as of May 18, 2021)