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

STRONG CONSOLIDATION

Ipca Laboratories

BSE Code: 524494
CMP: Rs.799.65

Ipca laboratories is a fully-integrated pharmaceutical company manufacturing over 350 formulations and 80 APIs for various therapeutic segments. This counter has been trading range-bound since last couple of months and has witnessed strong consolidation during this period. Market operators are bullish on this stock and expect it to spurt in the short term. Those willing to take some risk can jump on to the bandwagon and hope to make some quick buck!

ATTRACTIVE DIVIDEND YIELD

Indian Oil Corporation

BSE Code: 530965
CMP: Rs.137.20

Oil marketing major Indian Oil Corporation offers good value to investors at the current price. The stock is likely to benefit from the stable and low oil prices, which could lead to propping up its refining margins. Also, the stock’s dividend yields are quite attractive. It is heard that many big ticket investors and market participants are keeping a close watch on the company and are slowly building their positions in the stock. Those with a short-term trading horizon can consider this stock.

BREAKOUT

Merck Limited

BSE Code: 500126
CMP: Rs.3,027.50

Merck Limited is in the business of healthcare, life sciences and performance materials. The company is a leader in science and technology and offers high quality products in all the three segments. As per one of the leading technical analysts on Dalal Street, the stock is ripe for an up move as it has witnessed breakout of a symmetrical triangle-like pattern on the higher time frame. Traders can take exposure in this stock for some trading gains.

AND FINALLY..

Union Bank

BSE Code: 532477
CMP: Rs.88.35

The stock has witnessed a smart rally in the last couple of weeks from the lower levels registered in early December 2018. If the market gossips are to be believed, the stock is likely to continue its upmove as there is huge accumulation going on by some big HNIs and the current short covering trend will continue and the stock may surpass the triple digit mark in the short term. Those with high risk appetite can take their bets on this stock to make some quick gains.

(Closing price as of Jan 02, 2019)