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
METERING PROFIT SOLUTIONS
Genus Power Infrastructure Ltd.
BSE Code:530343
CMP:₹99.25
Genus Power Infrastructure is engaged in manufacturing and providing metering solutions and power backup. With market capitalisation of about Rs 2,300 crore, it is one of the most promising small-cap companies in this sector. Recently, the stock has skyrocketed over 35 per cent in just five trading sessions. It has broken out from its symmetrical triangle and continues to trade higher. The primary trend of the stock is positive and trades at an all-time high level. Moreover, the technical parameters have turned their pointers towards extreme bullishness. Considering the above points, it shouldn’t be a bad idea to hop on to this growth-driven stock to ride the momentum.
GREEN ENERGY ON THE GO
Sterling and Wilson Renewable Energy Ltd.
BSE Code:542760
CMP:₹377.75
Sterling and Wilson Renewable Energy is an end-to-end solar engineering, procurement and construction (EPC) solutions provider. The company provides services with a focus on project design, engineering and management. The stock is in a strong uptrend and has gained nearly 30 per cent since its recent swing low. With more focus towards green energy in recent times, the stock is an ideal candidate for investment in this sector. The company has high growth potential and is likely to continue its bullish momentum. Thus, traders shouldn’t miss out an opportunity to take positions in this stock.
SOWING GOOD PROFITS
Kaveri Seed Co. Ltd.
BSE Code : 532899
CMP : ₹618.30
Kaveri Seed Company is an agro-based company engaged in the production and marketing of hybrid seeds. There is a buzz of institutional buying in this stock as is evident from the fact that the stock has risen over 35 per cent since its recent low in a short period. It has broken out from its double-bottom pattern and continues to trade higher. With this, it has attracted huge volumes and the technical indicators are bullish. Moreover, this small-cap company has reported good revenue and net profitability on an annual basis. The stock is expected to generate good returns in the short to medium term and swing traders have got one of the best opportunities on their hands.
POWERING THE MOMENTUM
Torrent Power Ltd.
BSE code : 532779
CMP : ₹571.35
Torrent Power is a mid-cap company engaged in the buisness of power generation, transmission and distribution. In the past few quarters, the stock has generated good profitability and decent fundamental numbers. Domestic institutions have steadily been increasing their stake in this company owing to its strong business presence. Recently, the stock has been in a strong uptrend, having gained about 30 per cent since its recent swing low. Many brokerage houses and credit agencies have upgraded their target following this move. The price action shows no signs of fizzling out too soon and we expect the stock to test its all-time high level.
(Closing price as of Apr 18, 2022)