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

AN ATTRACTIVE BET

Lemon Tree Hotels
BSE Code: 541233 CMP: ₹ 57.00

Lemon Tree Hotels operates a chain of upscale business and leisure hotels. In recent times, the stock has broken out from its short-term resistance to continue with upside momentum. It has soared over 25 per cent since its recent swing low in a very short period. Lately, the stock has recorded above average volumes which are greater than 10-day, 30-day and 50-day average volumes. The company has a strong footing in the holiday and leisure industry. With ease of restrictions post-pandemic, the company expects to pump up sales. Overall, the stock is technically quite strong reflects a bright future. Short and medium term traders must not miss this opportunity to make profits.

SOLUTIONS FOR PROFITABILITY

Intellect Design Arena

BSE Code: 538835
CMP: ₹ 710.05

Intellect Design Arena is engaged in providing financial technology for banking, insurance and other financial services. With market capital of about Rs 9,500 crore, it is one of the most promising companies of its sector. The company has reported strong growth across its revenue and net profits, which makes it an attractive candidate for investing. On the technical chart, the stock has formed strong bullish candles lately and has recorded huge volumes. The stock trades above all its key moving averages and is technically strong. It has the potential to beat market expectations and provide great returns in the short term. With so many positives, there is no reason why you shouldn’t bet on this stock for decent gains.

TECHNICALLY STRONG

L&T Technology Services

BSE Code: 540115
CMP: ₹ 4,823.40

Larsen and Toubro Technology Services Limited offers design, and prototyping and testing, embedded system design, and engineering process support in various domains. Recently, many brokerage agencies have upgraded their targets. As per the technical indicators, the stock is poised to provide decent returns in the short term. The volumes have been on a rise recently, which highlights larger participation in the stock. The momentum oscillators also point towards the stock’s bullishness. Momentum traders can hop on to the stock and enjoy the ride.

POWERING GOOD MOMENTUM

TATA POWER
BSE Code: 500400 CMP: ₹ 227.00

Tata Power Company Limited is an integrated power company engaged in generation, transmission, distribution and trading of electricity. It is also engaged in mining and trading of coal. The technical indicators and momentum oscillators point towards the bullishness of the stock. Moreover, the price action has favoured the bulls recently as the stock gained about 13 per cent since its recent low. The price action, coupled with rising volume, has attracted short-term traders. Moreover, the institutions have been increasing their stake in the company. The stock is expected to generate good returns in the short to medium term and can prove to be a strong candidate from the power sector in your portfolio.

(Closing price as of Mar 08, 2022)