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.
EQUIPPED TO GENERATE PROFIT ELGI EQUIPMENTS LTD.
BSE Code: 522074
CMP: Rs 354.05
Elgi Equipments is an air compressor manufacturer. Its products have application across various industries like food processing, pharmaceutical, automotive garages, etc. With its market capitalisation of Rs 11,000 crore, is one of the leading mid-cap companies of its sector. With the stock already at all-time high and technical parameters suggesting more steam in the stock, it is ready to begin a new chapter for its investors of generating enormous wealth!
ATTRACTIVE BET UNDER 50 ALOK INDUSTRIES LTD.
BSE Code: 521070
CMP: Rs 30.00
Alok Industries Ltd. is an integrated textile company which comprises five divisions: cotton yarn, apparel fabric, home textiles, garments and polyester yarn. The stock has outperformed most of its peers and the sector itself in a short span of one month. Moreover, it is one of most attractive stocks trading at less than Rs 50. With the technical parameters pointing towards bullishness and the price action showing no signs of halting, the stock is expected to trade above Rs 50 in times to come.
NOT AS FRAGILE AS YOU THINK ASAHI INDIA GLASS LTD.
BSE Code: 515030
CMP: Rs 571.00
Asahi India Glass Limited (AIS) manufactures glass in primary or semi-manufactured forms. The company’s segments include automotive glass and float glass. This mid-cap company is backed by strong fundamentals and business management and has outperformed its peers in recent times. As per the technicals, the stock has reclaimed its all-time high levels with rising volumes. Now that more market participants are betting on this stock, why shouldn’t you? Grab it before it takes off!
SOLUTION FOR PROFITABILITY UPL Limited
BSE Code: 512070
CMP: Rs 819.15
UPL Limited provides crop protection solutions. The company is engaged in the business of agrochemicals, industrial chemicals, chemical intermediates and specialty chemicals and has a strong presence globally. Founded in 1969, it is the leading company of its sector. With its market capitalisation of Rs 62,700 crore, it is backed by strong fundamentals and has generated consistent revenue and profits. With the company having more than 50 per cent of its stake under institutional control, it certainly has a lot to deliver.
(Closing price as of Jan 11, 2022)