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

BUILDING UP MOMENTUM

Asahi India Glass Ltd.

BSE Code : 515030
CMP : Rs429.30


Asahi India Glass is India’s leading integrated glass and windows solutions’ company and a dominant player both in the automotive and the building and construction segments. Its products are designed to deliver aesthetics and functional benefits. A technical analyst from one of the leading broking agencies is recommending clients to accumulate this stock as it has given a breakout of a downward sloping trend-line resistance. This breakout was supported by robust volumes. The stock has been trading comfortably above the important moving averages i.e. 50 and 200 DMA. The RSI indicator is in a bullish zone with a rising trajectory. There is expectation of the stock moving upward. Hence, traders can take exposure in this scrip for quick gains. 

ON A HIGH

Pioneer Distilleries Ltd.

BSE Code : 531879
CMP : Rs194.50

Pioneer Distilleries is a subsidiary of United Spirits Limited. It operates in a single segment which includes alcohol and alcohol-related products. As per the dealer of one of the leading stock-broking agencies, this scrip has seen good accumulation by HNIs in anticipation of some major development. Hence, those with high risk appetite can bet on it for short to medium-term gains. 

WORTH BANKING ON

Canara Bank

BSE Code : 532483
CMP : Rs214.50


Established in 1906 and headquartered in Bangalore, Canara Bank has a wide network in India as well as offices in London, Hong Kong, Dubai and New York. The stock has seen a huge jump in volumes along with rise in its price. The 50-week average volume is around 11 crore whereas in the current week the stock has seen nearly three times of the 50-week average volume, indicating strong buying interest by market participants. It is believed that the main reason for this spurt in volume is that the scrip is being bought by some savvy investors. On technical grounds the stock has been trading above its important short and long-term moving averages. Hence, risk-takers can go for this scrip and hope to make a quick buck. 

PUMP UP THE PROFIT

KSB Ltd

BSE Code : 500249
CMP : Rs 1,325.00 


Limited specialises in centrifugal end suction pumps, high-pressure multistage pumps, industrial gate, globe, check valves, submersible motor pumps, monobloc and mini monobloc pumps, hydro pneumatic systems and control valves. The stock has gained over 100 per cent in 2021 and has now started moving sideways after a pause. However, one of the leading technical analysts of a broking firm is of the opinion that the stock is likely to scale higher in the coming days as it has formed a strong base and is set for the next round of upward movement. Hence, high risk-taking investors may take positions in the stock according to their risk appetite to witness some short-term gains.

(Closing price as of Oct 29, 2021)

 

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