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
NICHE PLAYER
GNA Axles
BSE Code: 540124
CMP: Rs. 265.05
The company is a niche player in the auto ancillary segment, catering to light and heavy commercial vehicles and offhighway vehicles. Bucking the slowdown in the automobile industry both in India and abroad, the company reported a healthy set of earning for the Q1FY20. Consolidated revenue from operations surged by 21.4 per cent to Rs 258.2 crore and the EBITDA soared 30.7 per cent to Rs 41.3 crore. Net profit jumped about 30 per cent YoY to Rs 18.18 crore. This robust performance by the company has grabbed the attention of the HNI’s and the dealers in the top broking firms have informed that the HNIs have started accumulating this stock. The stock could see a good-up move in the coming weeks.
GOOD PROSPECTS
Procter & Gamble Health
BSE Code: 500126
CMP: Rs. 4904
Formerly known as Merck, the company is one of India’s largest VMS companies manufacturing and marketing overthe- counter products, vitamins, minerals, and supplements products for a healthy lifestyle and improved quality of life. If the murmurs on the D-street are to be believed there is some announcement due for the stock in the coming weeks, which is likely to set the stock on fire. Traders and investors with a risk appetite may accumulate this stock for smart gains.
BREAKOUT
Dabur
BSE Code: 500096
CMP: Rs. 430.90
Dabur is one of India’s leading FMCG companies. As a leading brokerage firm, the stock of Dabur has provided a breakout on the chart along with a sizeable candle and the volumes recorded were higher than the 10-day average. Further, the stock is trading above its important short-term moving average i.e. 20-DMA. This indicates it is a good time to get into this stock with a strict stop loss and look for a decent upside in the short-term.
ALL TIME HIGHS
SBI Life Insurance
BSE Code: 540719
CMP: Rs. 764.35
Life insurance stocks have performed exceptionally well in the past two weeks in an otherwise subdued market. Out of the pack of life insurance stocks, our sources suggest the stock of SBI Life Insurance. The stock has recently clocked all-time high levels and outperformed the market by surging over 30 per cent in the current year and also seen good demand from the institutional participants. As per the shareholding pattern data, the institutional investors have increased their holdings by 7.14 per cent in June 2019 quarter to 25.56 per cent. Also, one of the broking firms is suggesting that there is plenty of steam left in the stock. Hence, it’s an excellent stock to accumulate.
Closing price as of July 17, 2019)