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

JUMP IN PROFITS 

Birla Corporation
BSE Code: 500335
CMP: Rs.628.35 



The flagship company of MP Birla Group reported about five-fold jump in consolidated net profit in the second quarter of this fiscal, thrashing the slowdown blues. Company has been able to grown its net profit helped by multiple factors, including higher realisation from sale of premium and blended cement and cost rationalization. The company is optimistic about demand strengthening in the coming months across its core markets in central and northern India, which, in turn, will improve realisation. The stock is likely to appreciate in the medium term.

STOCK ACCUMULATION 

ITDC
BSE Code: 532189
CMP: Rs.359.45

State-owned Indian Tourism Development Corporation (ITDC) has delivered handsome returns over the last couple of months. However, if we go by the murmurs on the D-street there is still some steam left in the stock as strong hands have already started accumulating this stock. In anticipation of some big announcement in the coming days. You too can jump on to the bandwagon and hope to make some quick buck! 

BUYING INTEREST 

Mind Corporation
BSE Code: 538962
CMP: Rs.98.30 



The stock had been on intermediate downtrend since early January this year. The stock made a low of around Rs 65.55 and the stock formed a strong bullish candle in the last week of August. Recently, the stock has witnessed buying interest and it is clearly indicated by rising volumes along with the surge in price. Traders and investors with short term perspective can buy the stock for decent gains. 

UPTREND 

Avanti Feeds
BSE Code: 512573
CMP: Rs.487.50 



One of the renowned technical analysts of the D-Street is recommending this stock to his HNI clients. The stock in the month of August registered a low of Rs 270 and thereafter, the stock is forming sequence of higher highshigher lows, which is indicating a shift in the trend. Moreover the stock has witnessed jump in the volumes. Other technical indicators are also suggesting the momentum is with the bulls. Considering the above factors he is of opinion that the stock has the potential for decent upmove from the current levels. Hence, traders with high risk appetite may take a trading position in this stock with proper stop loss. 

(Closing price as of Nov 06, 2019)