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

IN GOOD HEALTH

Indoco Remedies Limited
BSE Code:532612
CMP:₹ 409.5

Indoco Remedies Limited is engaged in the manufacture of pharmaceutical drugs and medicinal products. The company primarily manufactures and markets formulations in finished dosage forms and active pharmaceutical ingredients (APIs). Its stock has been in the limelight lately because of its strong momentum. There is a buzz of institutional buying, as evident from the fact that the stock has risen over 15 per cent since its recent low in a short period. It has attracted above average volumes and technical indicators have shown improved strength in the stock. Overall, the stock is technically quite strong and is expected to surge higher in the coming days. Swing traders should not miss out on this opportunity.

SOLUTIONS FOR PROFITABILITY
NIIT Limited
BSE Code:500304
CMP:₹ 516.35

NIIT Limited is a skills and talent development company which offers multi- disciplinary learning management and training delivery solutions to corporations and individuals. Recently, the stock has given a breakout from its short-term resistance and has hit a fresh all-time high. It is expected to do well in the future considering the need for training and development of employee skill-sets. The stock has attracted a lot of buyers lately with the hope of delivering huge profits in a short period. Thus, hop on to this one and ride the momentum that has the potential to beat market expectations. 

AN ATTRACTIVE BET

IDBI BANK LTD.
BSE Code:500116
CMP:₹ 44.75

IDBI Bank provides personalised banking and financial solutions to its clients. Its segments include wholesale banking, retail banking and treasury services. The company has reported good fundamental numbers this quarter after a dismal show during the last few quarters. This has led to many brokerage agencies upgrading their targets for this stock. The stock has given a breakout from its double-bottom pattern and has the potential to deliver exceptional returns in the short term. The momentum oscillators also point northwards and the stock is ready for a huge burst.

PICKING UP PACE

CUMMINS INDIA LTD.
BSE Code:500480
CMP:₹ 1054.05

CUMMINS INDIA Limited is a manufacturer of diesel and natural gas engines, generator sets and related services. Recently, the stock has given a good run for its money and has surged over 17 per cent in just nine trading sessions. It has hit a fresh 52-week high with heavier volumes, justifying the strong trading activity. The automotive industry is picking up pace and the stock is already having a great time. Moreover, the technical parameters are in line with the stock’s bullishness. The price action shows no signs of halting and with above average volume the stock is all set to ignite in the coming days.

(Closing price as of Mar 21, 2022)