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
PAN-INDIA FOOTPRINT
BATA
BSE Code: 500043
CMP: Rs.728
Bata India is the largest retailer and leading manufacturer of footwear in India. The company has a pan-India footprint in the market for more than eight decades. As per the sources, the Switzerland-based shoe major, the parent company of Bata India, expects India to be number one in terms of turnover, surpassing Italy by this year-end. With majority of the population in India being youth, the company plans to shake off its traditional image and strike the right chord with the youth by launching vibrant and trendy footwear.
PRICE VOLUME BREAKOUT
Bajaj Finserv
BSE Code: 532978
CMP: Rs.5178.55
Bajaj Finserv is the holding company under which there are three key financial sector businesses: viz. lending through Bajaj Finance Ltd. (BFL), general insurance under Bajaj Allianz General Insurance Company; and life insurance, under Bajaj Allianz Life Insurance Company. In addition, there are wind-farm assets in Maharashtra with an installed capacity of 65.2 MW. The stock has witnessed upsurge in price along with decent volumes and market source suggest there is still some steam left in the counter, hence it might potentially be on the uptrend.
FALL IN YIELD
SBI
BSE Code: 500112
CMP: Rs.250
Recently the yield on 10-year benchmark bonds crashed heavily and it registered its biggest one-day fall in just more than four years after the government announced a lower borrowing target for the first half of 2018-2019. The softening of yields is expected to bring relief to banks that were staring at mark-to-market losses on their portfolio. One can look to buy SBI, which could be benefited substantially by the fall in yields.
Marico
BSE Code: 531642
CMP: Rs.326.90
Marico is one of India's leading consumer products companies operating in the beauty and wellness space. Marico has nurtured multiple brands in the categories of hair care, skin care, edible oils, health foods, male grooming, and fabric care. Marico wellestablished household brands include Parachute, Parachute Advanced, Saffola, Hair & Care, Nihar, Nihar Naturals, Livon, Set Wet, Mediker and Revive. The Mariwala-controlled FMCG company had reported strong Q3 numbers and a promising outlook. The stock has done well, despite the overall market sentiment remaining sluggish. This could be a good stock to buy as a defensive bet in your portfolio.
