Kerbside

Manoj Singh Gautam / 14 May 2015

The recommendations provided in this column are taken from different market sources such as brokers, analysts, dealers and investment strategists, etc. These recommendations may not be backed by strong fundamentals. Dalal Street Investment Journal may or may not subscribe to these recommendations.

PENNAR INDUSTRIES: SET TO REVIVE

BSE CODE: 513228 | CMP: Rs 47.55 | Volume: 58,105

In the last few days, the stock’s price has been beaten down. However, the volumes have remained on the higher side. It is being heard that the company is being watched closely by some big market participants, who are working in a group to create long positions in the stock after its recent fall. As per market buzz, the stock is likely to review shortly and witness better northward performance going forward. Investors may create position in the stock according to their risk appetite to garner some short-term gain.

ZYDUS WELLNESS: GROWING WELL

BSE CODE: 513228 | CMP: Rs 993.65 | Volume: 10,614

The stock has been fancied by many investors and traders as safe investment in turbulent times. It witnessed some renewed interest in the last few trading sessions. According to market source, the stock is likely to witness a sharp northbound movement in the near term. Traders who have been keeping a close watch on the counter say that right for an upward movement. Therefore, one can look at the stock from a short-term trading perspective.

CROMPTON GREAVES: WELL ENGINEERED

BSE Code: 500093 | CMP: Rs 173.25 | Volume: 2,88,320

The stock is witnessing good volumes, but the price movement has not been as much. It has been consolidating and witnessing a range-bound move. It is heard that the company has caught the eye of many investors who have taken short-term long positions in the counter and this is likely to act as a trigger for the price. Market source also suggest that long position have been created in the stock by a big market participant. The stock can be looked at for short-term trading gains.

GREAT EASTERN SHIPPING: GOOD MOVES

BSE Code: 500620| CMP: Rs 354.30 | Volume: 11,24,871

The company has posted robust Q4FY15 result. However it has been trading in a tight range, which is evident from price movement over past few trading sessions. It is heard that big fund house have been taken long positions in the stock to move in the northward direction. This is in spite the rising concern over offshore performance in future. The stock can be looked at for a short-term trading perspective.

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