Kerbside

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

ATTRACTING HNIS INTEREST

Cholamandalam Financial Holdings

BSE Code: 504973
CMP: Rs708.20


Cholamandalam Financial Holdings is a part of the Murugappa Group, one of the most diversified business conglomerates of India. The company has significant shareholding in Cholamandalam Invest-ment and Finance Company, Cholamandalam MS General Insur-ance Company and Cholamandalam MS Risk Services. It earns revenue primarily by way of divided income from investments held in group companies. There is murmur on the street that some HNIs have started accumulating this stock in anticipation of good returns in the medium term. Hence, those willing to take some risk may buy the scrip for decent gains. 

WORTH BANKING ON

Indian Bank Ltd.

BSE Code : 532814
CMP : Rs171.65

The stock has recently broken out of a base in its weekly chart and is trading above its pivot point. The RS rating is seen improving and currently stands at 73 which is fair indicating the recent price performance. A great buyer demand indicates institutional investors’ interest in the stock. This stock is technically poised for an up-move in the near term. Traders can take exposure in this scrip for some trading gains.

A STRONG PERFORMANCE

SMS Lifesciences India Ltd.

BSE Code : 540679
CMP : Rs837.10

SMS Lifesciences India is presently engaged in the business of manufacturing, buying, selling, offering consultancy, importing and exporting, acting as commission agents and generally dealing with of all types of organic and inorganic chemicals, pharmaceuticals, active pharmaceutical ingredients (API) and intermediates. It has a strong research and manufacturing team supported by state-of-the-art facilities. SMS Lifesciences is growing up from single product manufacturing to multi-product manufacturing. The company is expected to post strong financial performance in the current quarter, which can take the stock price to another level. Investors with medium term view can buy this stock.

CREATING VALUE ADDITION

Tata Investment Corp. Ltd.

BSE Code : 501301
CMP :  Rs 1,666.15


Tata Investment invests in a diversified portfolio of quoted and unquoted securities of companies, including Tata Group companies, which are engaged in various businesses with a history of strong operating and financial performance. Interestingly, the company’s value has recorded a 15-year compounded annual growth rate (CAGR) of 12.91 per cent vis-à-vis 10.47 per cent of BSE 200 over the period March 31, 2006 to March 31, 2021. The company has, over the decades, managed its portfolio with a specific mandate i.e. remaining invested in select Tata Group companies while actively managing the rest of the portfolio to increase the ability of the company to distribute higher dividends. Thus, the company offers to its shareholders an opportunity to invest in a diversified portfolio which grows in value similar to investment in a mutual fund. A good stock to own!

(Closing price as of Oct 18, 2021) 

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