Stock Recommendations For Your Portfolio

HOT CHIPS

Elgi Equipments

ELGIEQUIP | BSE CODE:522074 | VOLUME: 63,808 | CMP: Rs 162 | FACE VALUE: Rs 1

Elgi Equipments offers a complete range of compressed air solutions from oil-lubricated and oil-free rotary screw compressors, oil-lubricated and oil-free reciprocating compressors and centrifugal compressors, to dryers, filters and downstream accessories. In Q3 FY15, Th e consolidated net profit jumps by 44.4 per cent to Rs 16.6 crore against Rs 11.5 crore in the corresponding quarter ending of previous year. Going forward there is scope to grow compressor business at domestic markets improved marginally in specific segments. With improved trend of sales of automobiles in the passenger cars and commercial vehicle sector, the automotive business grew by 3 per cent compared to the same period last year. Sustained improvement in automotive industry performance will trigger fresh investments which in turn will enhance growth opportunities for the division

Indian Terrain Fashions (ITFL)

INDTERRAIN| BSE CODE:533329 | VOLUME: 2699 | CMP: Rs 616 | FACE VALUE: Rs 10

Indian Terrain Fashions (ITFL) operating in premium men’s casual wear market possesses strong long term revenue growth drivers through its brand equity, entrenched distribution, sourcing capabilities & designing competencies. The company has retails across the country through more than 700 multi brand outlets (MBOs), 130 doors of large format stores, over 100 exclusive brand outlets (EBOs), and is available through online stores as well. The company recently raised the fund through QIP of Rs 75 crore by issued of around 14.12 lakh shares at Rs 531 per share which aid to capture its brand strength in its financials with better margin profile, stronger terms of trade and improved capital efficiency. The company is very aggressive to expansion into the Tier 2 and 3 cities. Its franchising model is very strong and growing rapidly.