Kerbside
A COLOURFUL DEAL
Fairchem Specialty
BSE Code:530117
CMP: Rs555.20
Fairchem Specialty is India’s largest manufacturer of Dimer Acid used in many consumer products including paints. It also processes Tocopherol which is used in formulating natural Vitamin E. The stock witnessed a stupendous rally in mid-February. However, due to a recent drop in the stock market, the stock has come under a corrective phase, but during this corrective phase the volumes are not significant and hence this can be considered as a routine correction in line with headline indices. But, when sentiments turn tide, these strongest stocks outperform. Risk-takers can go for this scrip and hope to make a quick buck.
REAPING A GOOD HARVEST
Coromandel International
BSE Code: 506395
CMP: Rs 620.90
According to the grapevine, decent accumulation is seen in the stock as market participants are expecting some key announcements in the stock in the near term. The stock is gaining momentum along with decent volumes and as per market sources, once the news is out the stock will see a decent run-up.
KEEPING GOOD HEALTH
Dabur
BSE Code: 500096
CMP: Rs488.20
Shares of Dabur are seeing buying interest from HNIs at lower levels with the stock falling from its peak of Rs525 in early March to Rs478-480 levels. Many HNIs have once again started eyeing the stock and dealers say that there is a lot of demand as it offers stability in an otherwise high volatility market. Further, the stock is taking support around its 100 DMA on the daily chart and the last time the stock took support around its 100 DMA in early January 2020 it saw a rally of over 15 per cent in quick time. Hence, bargain hunters can lookat buying this stock with a short-medium term
FULL OF FIZZ
VBL
BSE Code: 540180
CMP: Rs787.50
VBL is a key player in the beverage industry. It has operations spanning across six countries – three in the Indian subcontinent (India, Sri Lanka, Nepal) which contribute 85 per cent to revenues; three in Africa (Morocco, Zambia, Zimbabwe) contributing 15 per cent for the fiscal year 2019. As per our sources, savvy traders have been buying shares of VBL, which were battered down in the past week’s sell-off. According to sources, the purchases could be part of a trading strategy that offers a good risk reward for one of the strong stocks available after the current mayhem in the markets. The stock price is likely to rise in the near term.