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 fundamental. Therefore we advise readers to use their own discretion before investing in these recommendation.
ACCUMULATING STOCKS
Birla Corporation
BSE Code: 500335
CMP: Rs. 588.05
Traders have been piling up shares of Birla Corporation, a flagship company of the MP Birla Group, over the last couple of weeks or so. The chatter on D-Street is that the company might see a re-rating as it reported about 66 per cent growth in consolidated net profit at Rs. 255.70 crore for the FY 2018-19 as compared to Rs. 153.95 crore in the last fiscal, courtesy the all-round improvement in performance. Also, as per our sources, the company has informed the analysts that the cement demand will remain buoyant amid momentum in mega infrastructure projects and revival in the real estate sector. The stock has the potential to offer good returns in the short term.
TRENDING
Hexware Technologies
BSE Code: 532129
CMP: Rs. 357.65
This mid-cap IT company reported a consolidated net profit of Rs. 138.4 crore, up by 3.1 per cent YoY and 12 per cent QoQ for the quarterended March 31. There is a buzz in the market that bull operators and HNIs are accumulating the scrip. You too can jump on to the bandwagon and hope to make some quick buck! The Company is engaged in computer programming, consultancy and related activities, IT consulting, software development and business process management.
BREAKOUT
Century Textiles & Industries
BSE Code: 500040
CMP: Rs. 967.45
One of the leading technical analysts is recommending this stock to his HNI and institutional clients. He says the stock has witnessed a breakout of long consolidation period and it has been backed by strong volumes. Also, the lead indicator RSI has entered into a bullish zone. The stock is also trading above all important medium term and long term moving averages. Hence, traders with a risk appetite may enter this stock with a strict stop loss.
AND FINALLY..
Kalpataru Power
BSE Code: 522287
CMP: Rs. 488.45
The company has reported robust revenue for Q4FY19 at Rs. 2491.4 crore, up by 29 per cent YoY, driven by driven by healthy order execution of its ongoing projects. As of FY19, the order book was Rs. 14068 crore, which provides strong revenue visibility ahead. Also, the new orders entering the execution stage will help the company to report high double-digit revenue growth in FY2020. Value diggers can look to buy this stock at the current level from a trading perspective.
(Closing price as of May 21, 2019)