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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 [EasyDNNnews:PaidContentStart]

EXPANDING ROAD NETWORK 

NESCO Ltd
BSE Code: 505355
CMP: ₹1,033.25 

NESCO has emerged as the highest bidder for a project awarded by National Highways Logistics Management under the Ministry of Road Transport and Highways. The project involves developing, operating, and maintaining wayside amenities along the Bengaluru-Chennai Expressway Corridor (Phase II) in the South Zone. This corridor is a key transportation route, and the project covers three sites with a 30-year lease. The estimated development cost per site is Rs 75 crore, with anticipated annualised revenue of Rs 350 crore, starting from the fourth year. The annual lease rent is Rs 16.60 crore, with adjustments tied to WPI and CPI increases. This strategic win positions NESCO for revenue growth, aligning with the company’s expansion plans. 

INSURANCE AND BANKING BOOST 

Vakrangee Ltd
BSE Code: 511431
CMP: ₹36.28 

Vakrangee is emerging as a topperforming stock within the IT sector in the Small-Cap space. It is showcasing price and volume momentum and hovering just below its 52-week high. The company has renewed its agreement with the Bank of Baroda to continue offering Business Correspondent banking and comprehensive financial inclusion services across Pan India, which are available through Vakrangee Kendra outlets. Earlier, the company partnered with Shriram Life Insurance to offer life insurance products across its network. The stock has been on our recommendation list since the last few editorials. As the stock shows similar flying colours, the same sources give the edge to the stock price to gain momentum, suggesting there is enough stem left in the stock. 

EV GROWTH RUSH 

Mercury EV-Tech Ltd
BSE Code: 531357
CMP: ₹89.95 

Mercury Ev-Tech manufactures and trades electronic vehicles and related renewable energy products. Recently, the promoter raised its stake in the company through preferential allotment. The promoter acquired 14.75 lakh equity shares carrying voting rights and 53 lakh share warrants. In the September quarter, Foreign Institutional Investors (FIIs) also increased their stake in Mercury Ev-Tech from 0.16 per cent in September 2024 to 1.72 per cent in November 2024. At the start of the New Year, the company successfully acquired 25 lakh shares (69.84 per cent stake) of DC2 Mercury Cars Private Ltd for Rs 2.5 crore. These developments signal strong confidence from promoters and institutional investors, positioning Mercury Ev-Tech for significant growth in the EV and renewable energy sectors. 

VOLUME VICTORY 

Hi-Tech Pipes Ltd
BSE Code: 543411
CMP: ₹154.85 

 

Hi-Tech Pipes, a leading manufacturer of steel tubes and pipes, announced its exceptional sales performance for the third quarter and nine months ended in FY25. The company has achieved the highest-ever volume of 1,24,233 MT for Q3 FY25, showing an impressive 26.1 per cent year-on-year (YoY) growth. For the nine months ended FY25, sales volumes surged to 3,69,415 MT, representing a stellar 30.33 per cent YoY increase. The increasing demand for high-quality solar torque tubes drove Hi-Tech Pipes' growth. The company's diverse product portfolio, including steel pipes for infrastructure and construction, further strengthened its market position across multiple industries. This makes it an appealing choice for longterm growth in the industrial and renewable energy sectors. 

(Closing price as of January 07, 2025)

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