Kerbside

POWER PLAY

 IEX  BSE Code:540750
CMP: Rs187.55

A few high net worth investors (HNIs) have taken interest in India’s leading power exchange with a market share of 97 per cent. The buzz is that the company is likely to come out with some breathtaking announcements which will help its stock prices to skyrocket in the short term. Also, foreign portfolio investors (FPIs) have increased their stake in the company in the last quarter. You too can jump on to the bandwagon and hope to make a quick buck!

FULL STEAM AHEAD 

Tube Investment of India
BSE Code: 540762
CMP: Rs548.45

Tube Investment of India is a part of India’s leading business conglomerate, Murugappa Group, which specialises in engineering, bicycles, metal-formed products and chains. A group of technical analysts managing the funds of some leading clients are said to have bought a sizable chunk of the stock on February 24. This has been clearly indicated with the stock recording five times greater volume than its average of 50 days. The market grapevine has it that they are expecting a big spurt in the stock over the medium term. Given the fact that it is trading at an all-time high, risk-takers can opt for this scrip. 

BEING HOSPITABLE 

Lemon Tree Hotels 
BSE Code: 541233
CMP: Rs53.75

The stock has gained about 22 per cent over the past 14 trading sessions along with decent volumes. In Q3FY20, the revenue from its operations surged about 40 per cent YoY to Rs199.6 crore. Our sources indicate that a few institutional investors are accumulating shares of this hotel chain company. This stock is one of those that have not performed well but the current wave of optimism is likely to put wind in its sails. It is a fairly good buy at the current levels

TIGHT BONDING

Pidilite Industries
BSE Code: 500331
CMP: Rs1530.00

Known for its highly successful television and print advertising campaign for its brand Fevicol, Pidilite Industries’ stock had touched a level of Rs1,600 or so. However, due to challenges faced by the bulls to maintain their upward momentum given the rising fears of corona virus, the stock has witnessed some cooling off from its highs. This provides a perfect opportunity for traders or investors who missed the rally to hoard some stock. Further, the fall in crude oil price is likely to benefit the stock. To use a pun, the stock is ‘glued’to growth and strength