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
TURNAROUND
GAIL
BSE Code: 532155
CMP: Rs 349
India’s largest gas distribution company GAIL may be finally showing a turnaround with better pricing power and business outlook. The price movement in this stock over the recent past has been very good which has been supported by strong volumes, indicating larger participation in the stock. As per our sources, HNIs and some big market players have initiated long positions in the stock as they are expecting it to move in the northward direction. Hence, traders and investors looking for decent gains can accumulate this stock.
TRENDING UPWARDS
Sundram Fasteners
BSE Code: 500403
CMP: Rs 648
Sundram Fasteners, a TVS group company, is one of the leading auto component manufacturers in India. The company is one of the largest domestic fastener and auto component players catering to wide spectrum of customers in the commercial vehicle, multi-utility vehicles, two-wheelers, tractors and passenger car segments. One thing that stands out for this stock is that despite the hustle and bustle in the markets, the stock is trading near its all-time high levels. Our sources suggest that few leading technical analysts are bullish on the stock and are of the opinion that the stock could see a good upmove in the short term.
BUYING INTEREST
Maruti Suzuki India
BSE Code: 532500
CMP: Rs 9221
The country’s largest carmaker M
aruti Suzuki India has wit
nessed correction from the higher levels; however, post the announcement of auto numbers for the month of June, the stock has witnessed some buying interest and there is a buzz on D-street that some foreign brokers are likely to upgrade the stock and this could result in a strong movement in its price. A good stock to buy at the current juncture.
AND FINALLY..
Titan
BSE Code: 500114
CMP: Rs 889
This stock has been recently in the limelight as an ace investor has recently trimmed his stake in this stock. The stock had almost touched four-digit figure in April 2018, registering a high of Rs 999.70. With the recent correction in the stock price, once again the stock has provided an entry opportunity for investors and traders who missed the bus earlier. As per the source, the stock is set to glitter again and it is likely to touch the four-digit mark in the short to medium term.