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. 

DELIVERING A PROFIT PILL

Biocon Limited

BSE Code: 532523
CMP: ₹399.95

Biocon Limited is a biopharmaceutical company engaged in research and development and manufacture of pharmaceuticals, medicinal, chemical and botanical products. With a market capitalisation of about Rs 46,714 crore, it is one of the promising mid-cap companies in the pharmaceutical space. According to recent reports, the stock has been accumulated by many HNIs and institutions, which has led to an increase in volume. The stock has been in strong uptrend in the past few days and is likely to continue the momentum forward. Positional traders can take a note of this and plan their trades accordingly

MINING HEAVY PROFITS

National Aluminium
BSE Code: 532234 CMP: ₹119.00

National Aluminium Company Limited is engaged in the production of alumina, aluminium and power. The stock formed a bullish engulfing pattern last month and hasn’t looked back ever since. The stock has gained about 18-20 per cent in the short period and is trading near its all-time high. Technical parameters such as RSI, MACD and moving averages hint towards the bullishness of the stock. The stock is trading as strong as the inherent characteristics of any metal and there’s no reason why you shouldn’t place your money here and watch it multiply.

TECHNOLOGY RULES THE ROOST

Minda Industries

BSE Code: 532539
CMP: ₹1113.90

Minda Industries Limited is a supplier of automotive solutions to original equipment manufacturers. The company offers a range of products across various verticals of automotive components such as switching systems, acoustic systems and alloy wheels. The automotive sector being technology-driven, the company plays an important role in providing automotive ancillary solutions to various manufacturers. With the introduction of electric vehicles, the company has received multiple orders to design various sub systems that are an integral part of such vehicles. The stock is rallying higher with its strong industrial presence and traders must not miss out on riding its momentum.

A SWEET TREAT

Balrampur Chini Mills

BSE Code: 500038
CMP: ₹444.70

Balrampur Chini Mills Limited is an integrated sugar manufacturing company. The company is engaged in the manufacturing of sugar, ethanol and power. The sugar stocks have been on a rise recently and this stock is a frontrunner in this sector. The company has posted strong fundamental numbers over the past few quarters and has delivered over 175 per cent returns to its shareholders in the past one year. Due to this ongoing bullishness, traders have a perfect opportunity to make use of this momentum to their benefit and beat the market.

(Closing price as of Feb 07, 2022)