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

BENEFIT FROM INCREASING AGRI-CREDIT 

UPL 
BSE Code: 512070 
CMP: Rs721 

United Phosphorus Limited is likely to immensely benefit from the increasing agriculture credit and setting up of a corpus for Agri-Market Development Fund. The company has already reported good growth in the third quarter of FY18. Further, its strong distribution base, established portfolio and new launches are likely to drive its growth going forward. The company had reported a 25 per cent year-on-year increase in its net profit to Rs574 crore in Q3FY18. According to our sources, the stock is likely to surge with a strong pullback rally following the market correction.

STRONG ORDER ACCRETION 

NCC 
BSE Code: 500294 
CMP: Rs130 

The company is engaged in construction and infrastructure sector. The company has bagged orders worth Rs21,000 crore in the first nine months of the current financial year. It is expected to record strong order accretion in the coming quarter as well. The company is expected to have an order book worth Rs32,000 crore by the end of current fiscal. The company also expects to start development and operation of Talaipalli coal block from 2019-20, which is expected to contribute around Rs190 crore to the company’s topline in the first year of operation. The stock could be bought for hefty gains.

STRONG UPSURGE IN VOLUMES 

Sunflag Iron & Steel 
BSE Code: 500404 
CMP: Rs96.30 

The company is engaged in the manufacture and sale of special steel rolled products. It has a production capacity of 360,000 tonnes per annum of special steel using liquid pig iron and sponge iron. The company caters to a plethora of industries including automobile, railways, defence, agriculture and engineering. On the stock exchange, the stock has witnessed a strong upsurge in volumes. Moving forward, it is likely to grab significant attention of HNIs as well. The stock has seen marked price gains in the last two weeks, and if our sources are to be believed, the stock is likely to continue marching on the upward trajectory in the coming weeks as well. 

AND FINALLY..
BSE Code: 532890 
CMP: Rs171 

The company provides computer programming, knowledge domain products and technology-based solutions. The company has raised funds worth Rs250 crore through preferential issue to promoters and is exploring acquisition opportunities in North American and European markets in order to scale up in clinical and regulatory spaces. In the third quarter of FY18, the company registered a rise of about 11 per cent in its net profit to Rs41.1 crore. According to our sources, the stock is likely to witness a major breakout in the near future