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 GROWTH PROSPECTS
Mahindra Holidays and Resorts India
BSE Code:533088
CMP:₹216.70
Mahindra Holidays and Resorts India Limited is engaged in the leisure hospitality industry. The company’s business entails sale of vaca- tion ownership and other related services in India. Recently, the stock has taken out its prior swing high and gained upside momentum. It has been trading above all the key moving averages and recorded more than 50-day average volume lately. Overall, the technical picture is quite bullish and sums up the bullish sentiment among the market participants towards the stock. The company reported good revenue and has strong footing in the holiday and tourism industry. As such, it is bound to perform well in the future. With ease of restrictions post-pandemic, the company expects to pump up sales. Given this bullish streak, traders must not miss out on such a great opportunity.
FABULOUS PERFORMANCE
Bluestar Limited
BSE Code:500067
CMP:₹1,062.05
Blue Star Limited is anair-conditioning and com- mercial refrigeration com- pany. It offers various services in the fields of electrical, plumbing and fire-fighting. The company is quite popular among the middle-class group and has extended its presence in the corporate space. Recently, the company has reported fabulous results and has generated above-expected numbers. With this, the stock has been forming strong bullish candles lately and has recorded above average volumes. In the last quarter many mutual fund houses have included this stock in their portfolios and have increased their stake in the company. With so many positives, there is no reason why you shouldn’t bet on this stock for decent gains
ON A SMOOTH ROAD
Schaeffler India
BSE Code:505790
CMP:₹1,867.70
Schaeffler India Limited is engaged in the sale of ball and roller bearings and related components along with sale of machines. The stock is technically quite strong and has delivered over 15 per cent returns in a very short period of time. The volumes have been on a rise recently, which highlights larger participation in the stock. The momentum oscillators and other technical parameters also point towards the stock’s bullishness. With such high momentum, the stock is expected to give you quick bucks over a short period. Momentum traders can hop on to the stock and ride the momentum.
GENERATING WEALTH PERSISTENTLY
Persistent Systems
BSE Code:533179
CMP:₹3,844.10
Persistent Systems Limited engaged in the business of building software products. The company offers complete product lifecycle services. With a market capital of about Rs 30,000 crore it is one of the strongest mid-cap companies in this sector. The company has declared phenomenal figures in its recent quarterly result and an increase in operating margins. It is fundamentally strong and many brokerage houses and credit agencies have upgraded this stock’s rating. The stock is expected to generate good returns in the short to medium term, and you can continue adding it to your portfolio.
(Closing price as of Feb 21, 2022)