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
IMPROVING MARKET SHARE
Colgate Palmolive (India)
BSE Code: 500830
CMP: Rs 1,231.15
Colgate Palmolive (India) Limited is engaged in the personal care and oral care business. The company offers various personal care products, such as soaps, cosmetics and toilet preparations. The management has confidence that the company’s market share go back to earlier levels. Cibaca Vedshakti continues to see good response in North India and Swarna Vedshakti was launched in the South in October 2017 and it has received good response and the company plans to increase geographical reach now. More innovation will come in the natural products space under the Vedshakti umbrella. A fairly good buy at the current levels.
WELL-ESTABLISHED PLAYER
Ramkrishna Forgings
BSE Code: 532527
CMP: Rs 738
Ramkrishna Forgings is a wellestablished player in the auto and non-auto forgings markets catering to the CVs and class trucks market segments, as well as the oil and gas segments. Auto sector is expected to do well in coming quarters. As per the chartists, the stock is placed around its crucial long term support and it may resume its uptrend. Do not miss this golden opportunity.
IMPROVED EXPORTS
Maruti Suzuki
BSE Code: 532500
CMP: Rs 8,871
India’s largest car maker is driving in the top gear. The automaker sold a total of 172,512 units in May 2018, an increase of 26 per cent as compared to the same time period last year. The exports witnessed a whopping jump of 48.1 per cent. The company;s major growth was led by the compact segment, which included the likes of the Celerio, Ignis, Baleno, Dzire and the recently launched Swift. The segment was up by 50.8 per cent, as compared to May 2017. One can look to buy this stock for decent gains.
AND FINALLY.
GNFC
BSE Code: 500670
CMP: Rs 464
The company is engaged in the manufacture and marketing of various fertilisers, including urea and ammonium nitro phosphate under the brand ‘Narmada’. The stock recently came under selling pressure after a gas leak incident. But the operations of TDI-II plant in Dahej have resumed. As per the company, the supplies to its clients were smooth and uninterrupted as the requirements were met through its existing inventory and now further supplies would be met through fresh production. Also, its TDI-I plant at Bharuch is safe and the company supplied products through this plant during the disruption at the Dahej plant. Value diggers can look to buy this stock at the current level from a trading perspective.