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.
TAKING THE LEAD
Spencers Retail Ltd.
BSE Code : 542337
CMP : Rs103.60
A part of the RPSG Group, Spencer’s has an experience of over 30 years in the Indian organised retail sector and offers more than 88,000 products to choose from. It is emerging as a prominent player in this sector, catering to India’s fine tastes. With the acquisition of Nature’s Basket in July 2019, the company has a foothold in West India too. Meanwhile, the rising prominence of e-commerce is favourable for the company. The long-term outlook for the industry looks positive, supported by increasing urbanisation, rising income and favourable demographics. According to a source on D-Street, some big investors who have a firm view on the outlook for organised retail and the e-commerce sector are planning to pick up stake in this stock.
SPINNING A PROFITABLE YARN
AMBIKA COTTON MILLS LTD.
BSE Code : 531978
CMP : Rs1471.75
The company is engaged in the manufacture of premium quality compact and eli twist cotton yarn for hosiery and weaving. The company is debt-free and has a strong balance-sheet, enabling it to report stable earnings’ growth across business cycles. Interestingly, the FIIs have increased their stake in the company to 0.11 per cent as of the quarter ended June 2021. Furthermore, the stock meets all the investing criteria of James O’ Shaughnessy. Hence, it’s a good stock to buy.
REFRESHING INDEED!
The United Nilgiri Tea Estates Company
NSE Code : UNITEDTEA
CMP : Rs 453.10
The company has the rare distinction of exporting teas since 1984 onwards. It has grown from strength to strength from regular teas to value-added teas and now on to organic teas of which they are the pioneers in India. Unique tea brands like the Frost Tea and Golden Tips are very much part of their repertoire. There is news from the dealers’ room that this stock could be a dark horse as many smart people have just started to accumulate it. The stock has the potential to deliver handsome returns in the near term.
MAKING SENSE, FINANCIALLY
MANAPPURAM FINANCE LTD.
BSE Code : 531213
CMP : Rs209.55
The stock has gained nearly 18 per cent on a month to date basis. Technically, the stock looks ripe for a good move in the coming days as a very well-known technical research analyst has initiated a ‘buy’ call on this stock with a decent upside target and in his report has mentioned that this stock could outperform the market in the near term.
(Closing price as of July 27, 2021)