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
PROFITABLE PLASTIC
Prima Plastics
BSE Code : 530589
CMP : Rs110.30
Prima Plastics is one of the leading manufacturers and exporters of plastic products in India. The product range of the company includes chairs, stools, baby chairs, dining tables, trolleys, planters, shoe racks, fridge stands and baby rockers. Apart from this their product range also includes insulated boxes, insulated shippers and crates. As per our sources, this stock could be a dark horse in the coming weeks as it has seen good buying interest from HNIs in recent days. Moreover, the stock is trading above Daryl Guppy's GAMMA setup and has given a bullish sign. Hence, one can look to buy this stock from a short-term perspective.
REACHING NEW HEIGHTS
NOCIL
BSE Code : 500730
CMP : Rs194.50
NOCIL’s involvement in the rubber chemicals’ business spans over four decades. The company is one of the few players in this sector to offer a wide range of rubber chemicals to suit the customers’ needs. As per the murmurs on D-Street, a savvy investor has started accumulating shares of NOCIL. According to dealers, the recent purchases done by the investor could be just a starting point as he may be expecting a big target in the stock over the coming months.
GROWTH ENGINE
Kirloskar Oil Engines
BSE Code : 533293
CMP : Rs185.75
The stock is up by 46 per cent on a year-todate basis. It is currently forming a base in its weekly chart and is trading near its pivot point. From a technical standpoint the stock is comfortably placed above its crucial moving averages and moreover, the trend strength is high as the Average Directional Index (ADX), which shows trend strength, is as high as 35.84 on a weekly time scale. The technical structure suggests that the uptrend in this stock is likely to continue.
WORTH A FORTUNE
KSCL
BSE Code : 532899
CMP : Rs613.40
KSCL is among the largest crop seeds producers in India. The company provides farmers with seeds that meet constantly evolving customer demands. To significantly improve yield and enable farmers to earn more from their produce, the company has developed seeds backed by modern biotech innovations. In the last quarter, cotton seeds’ volumes were marginally lower by 2 per cent. The company has gained market share in cotton in Gujarat and Haryana while there have been slight losses in the states of Andhra Pradesh and Telangana. The contribution of new products remained strong at 35 per cent. Industry-wise cotton acreages have been largely stable. The growth of the company’s non-cotton portfolio continues to be strong, improving by 34.18 per cent for the nine months under review. Hybrid rice and selection rice have both performed well, growing by 47.72 per cent and 49.98 per cent, respectively. Moreover, here is the most important aspect for recommending this stock: since 2011 the stock has always performed well in the month of May.
(Closing price as of May 03, 2021)