Kerbside

Jenson & Nicholson (India) Ltd: Positive Buzz

Jensen & Nicholson | BSE Code: 523592 | Volume: 4,39,742

The stock has been witnessing good buying interest over the past few trading sessions and the volumes have seen a huge jump. According to sources, a big market participant is accumulating this stock as the company is in the process of expansion and modernisation and is taking aggressive steps to expand its product base under the ‘Instacolour’ brand. Therefore the stock can be looked at from a short-term trading perspective.

Suven Life Sciences Ltd: Profitable Dose

Suven | BSE Code: 530239 | Volume: 63,788

This pharmaceutical firm has seen a healthy correction on the back of disappointing quarterly results. However, in the past few trading sessions it has been witnessed that the price of the stock is stabilising in the range of Rs 225-235. Recently the stock has been granted a patent each by Europe and Hong Kong for a drug used in the treatment of neurodegenerative diseases. According to sources, this could come into play for the next quarterly results. Considering this, it could be a perfect play for short-term trading.

Pokarna Ltd: Solid Gains

Pokarna | BSE Code: 532486 | Volume: 16,269

Recently the stock has seen an uptick in volume along with a rise in the price. This suggests that accumulation is going on. It is expected to show a better price performance going ahead. According to market sources, it is heard that some big market participants and domestic fund houses have built up a long position in the stock and are expecting the stock price to move in the northward direction. The stock can be looked at from a short-term trading perspective.

Jubilant Foodworks Ltd: Cheesy Returns

Jubilant Food | BSE Code: 533155 | Volume: 7,792

The stock has witnessed a minor correction after posting a lifetime high of Rs 1,822 in the immediate near term. However the correction has been seen with low volumes, which suggests that it’s been just normal profit taking after a sharp run. Currently the stock is trading at important support levels as suggested by our technical analyst. Considering this, one can build trade on the long side for a good upside in the short to medium term.