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
FORMULATING GOOD GROWTH
Chemcon Speciality Chemicals
BSE Code : 543233
CMP : Rs 490.40
The company is a manufacturer of specialised chemicals such as HMDS and CMIC which are predominantly used in the pharmaceuticals industry and inorganic bromides, namely Calcium Bromide, Zinc Bromide and Sodium Bromide, which are used as completion fluids in the oilfields industry. The company was the only manufacturer of HMDS in India and the third-largest manufacturer of HMDS worldwide in terms of production in the calendar year 2019 (source: Frost & Sullivan report). It was the largest manufacturer of CMIC in India and the second-largest manufacturer of CMIC worldwide in terms of production and capacity in calendar year 2019 (source: Frost & Sullivan report). Sources from the dealing room indicate that HNIs are accumulating this stock as they are expecting some strong movement.
PROFIT IS THE RIGHT MEDICINE
Astec LifeSciences
BSE Code : 533138
CMP : Rs 1,426.60
Astec LifeSciences Ltd. is a producer of agrochemicals and pharmaceutical intermediates. Recently the stock has recorded a fresh high; however, thereafter the stock entered into a consolidation phase and during this phase it took support around the 10-DMA. Furthermore, one of the technical analysts of a leading broking firm has informed his big clients to buy this stock for a handsome return in the short to medium term. Hence, you too can jump on to the bandwagon and hope to make a quick buck!
A DARK HORSE
Finolex Cables
BSE Code : 500144
CMP : Rs 458.80
Finolex Cables is India’s largest and leading manufacturer of electrical and telecommunication cables. It has recently diversified into the fastmoving electrical goods (FMEG) segment to become a complete electrical products company. Over a five-decade-long journey it is anchored on the pillars of manufacturing excellence, innovation focus and technology edge. By maintaining the highest standards of quality and service, it has built a strong relationship with institutional and retail customers. There on murmurs on D-Street that some development is going on in the company and in the near term we could see an announcement in the media. Therefore, keep your eye on this one.
GENERATING A ‘STEAMY’ BUZZ
Triveni Turbines
BSE Code : 533655
CMP : Rs 107.55
For over five decades, Triveni Turbines has delivered robust, reliable and efficient steam turbine solutions. Triveni Turbine Ltd. is a leading industrial steam turbine manufacturer, with a dominant market share of over 60 per cent in India. Over 4,000 steam turbines supplied by the company have been installed across 20 industries in over 70 countries, including Europe, Africa, Central and Latin America, SE Asia and SAARC countries. Its steam turbines find their application in a wide range of industries such as sugar, steel, pulp and paper, textiles, chemical, palm oil, food processing, etc. Market gossip has it that this scrip is headed northwards on strong buying by bull operators. Those with high-risk appetite can take their bets on this scrip to make some quick gains.
(Closing price as of June 01, 2021)