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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

POSITIVE RESULTS 

Pidilite Industries
BSE Code: 500331
CMP: Rs1351.05 

Fevicol manufacturer Pidilite Industries reported a jump of 10 per cent in net sales in Q1FY20 over Q1FY19, aided by higher volumes across both its business segments: consumer and bazaar and industrial products. The overall performance in Q1FY20 was healthy as the revenue rose by double digits and margin expanded on the back of benign cost environment. The stock has managed to close at all-time high level and has entered into uncharted territory. Also, there are some murmurs on D-Street that one of the leading stock brokers in the country is advising clients to build aggressive long positions in this stock. Short term investors/traders can accumulate this stock with a proper stop loss 

POSITIVE MOMENTUM 

HDFC AMC
BSE Code: 541729
CMP: Rs2229.55 

The stock has registered an all-time high in the month of July. However, post that, the stock witnessed a corrective phase and formed a strong base around levels of Rs 2045-2050. The stock has formed a higher high-low formation in the last three trading sessions and one of the leading technical analysts of the institutional desk is of the view that the stock could reclaim its all-time high mark as there is good demand for the stock. Traders can take exposure in this stock for some trading gains. 

STOCK UPGRADE 

Gujarat Gas
BSE Code: 539336
CMP: Rs186.90 

Gujarat Gas is an Indian natural gas distribution company. In Q1FY20, the company’s overall revenue grew by 48 per cent YoY, led by strong volume growth across all business segments. The industrial segment, which contributes about 77 per cent to total volume, reported a robust growth of 57 per cent YoY. The CNG segment, which contributes 16 per cent of the total volume, reported a growth of 5.5 per cent YoY volume growth. The PNG segment (domestic and commercial combined) contributed 7 per cent to the total volume as combined volumes grew by 12.5 per cent YoY. The stock has been a major beneficiary of NGT’s ban on the use of coal gasifiers in Morbi. Post the earnings announcement, the stock has witnessed upgrades from the brokers and, hence, investors with medium term view can look at this stock. 

SMART UPMOVE 

United Spirits
BSE Code: 532432
CMP: Rs605.95 

The stock has witnessed a smart upmove from the lower levels over the last week or so. 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 as the stock has recorded above 20-week average volumes in the week ending August 9. Those with high risk appetite can take their bets on this stock to make some quick gains