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

Marico is one of India's leading consumer products companies operating in the beauty and wellness space. The company's vast portfolio of brands includes Parachute, Parachute Advanced, Saffola, Hair and Care, Nihar, Set Wet, Livon, among others. 

INCREASE IN MSP 

Marico
BSE Code: 531642
CMP: Rs.348.90 


Marico is one of India's leading consumer products companies operating in the beauty and wellness space. The company's vast portfolio of brands includes Parachute, Parachute Advanced, Saffola, Hair and Care, Nihar, Set Wet, Livon, among others. Our sources continue to remain optimistic on this stock on the back of key triggers such as substantial increase in minimum support prices (MSP) of Kharif crops, anticipation on waivers of farm loans and good monsoon could boost rural economy, which could benefit this stock.

BETTER THAN EXPECTED MONSOON Swaraj Engines BSE Code: 500407 CMP: Rs.1760.30

Swaraj Engines is into manufacturing and supplying of diesel engines in the range of 22 HP to above 54 HP. The domestic tractor industry for the first time crossed seven lakh units and closed FY2017-18 with a volume of around 7.09 lakh units as compared to 5.82 lakh units sold in FY2016-17. The 22 per cent growth exceeded even the most bullish estimates of 18 per cent. With the MSP a reality which will result in more money in the hands of the farmers and the forecast of better-than-expected monsoon augurs well for the tractor industry. Considering the business prospects the company is in for better times ahead.


LOAN GROWTH 

IndusInd Bank
BSE Code: 532187
CMP: Rs.1,892.35 


IndusInd Bank's PAT soared 24 per cent YoY in the Q1FY19, driven by 29 per cent growth in loans and 20 per cent growth in core fees. As per our sources, some of the HNIs continue to be positive on IndusInd Bank and are looking for a good upside in the stock from a short to medium term perspective. They like this stock for its balanced portfolio mix, strong medium-term growth trajectory and consistent performance.

AND FINALLY.. Nestle BSE Code: 500790 CMP: Rs.10,419 

 The company operates in the food segment. The company's food business incorporates product groups which include milk products and nutrition, beverages, prepared dishes and cooking and chocolate and confectionery. Recently, the company announced the launch of NESPLUS - a range of nutritious and delicious breakfast cereals for the entire family. The uptrend in the stock is expected to continue as the interest among market participants is increasing for this stock.


(Closing price as on July 18, 2018) .