Stock Recommendations For Your Portfolio

SYMPHONY | BSE CODE: 517385 | VOLUME: 2232 | CMP: Rs.1070

With an asset light model, the largest air cooler company in India, Symphony, is a valuable bet that investors can look forward to for short to medium term. The company has a 50 per cent value market share in the organized market. With better penetration supported by strong brand enables the company to command a pricing premium of around 10 to 12 per cent over competitors, exhibiting better pricing power. Apart from this, the June quarter results were also better than street expectations. Symphony posted 35 per cent YoY growth in its revenues to stand at Rs 152 crore mainly driven by the domestic segment which grew by 38 per cent on YoY basis, while exports grew at a steady 21 per cent to stand at Rs 19.6 crore. Symphony’s introduction of metallic window coolers – mainly used in residential units, would enable the company garner higher market share (domestic market size of one million units), drive revenues and profitability going forward.

MEGHMANI ORGANICS | BSE CODE: 532865 | VOLUME: 617405 | CMP: Rs.16 

Meghmani Organics, which is one of the top 100 global generic agro-chemicals players and one of the largest blue pigments producers in the world, is seeing a significant business turnaround aft er many years of dismal performance. With a positive uptick in the agro-chemical cycle the company is expected to witness better performance going forward. Th e company has witnessed margin expansion on the back of stabilization of recently commenced facilities, better profitability in the absence of incremental capex which is likely to lead to commencement of debt repayment. With permissions in place from state level Pollution Control Board, Meghmani is well-positioned to ramp-up operations to peak capacity and lastly is the implementation of stringent pollutions norms in China, makes Indian agrochemical and pigments business attractive. Th e ability of the company to attract new orders from MNC clients is an advantage, given that all safety and environment certifications are in place.