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

SANGHI INDUSTRIES:

SANGHIIND|BSE CODE: 526521 |Volume: 36,161

During last couple of weeks, the cement stocks have been in the limelight and most of the stocks have touched their 52-week high level. As per our sources, one the stocks which still has potential in this sector is, Gujarat-based cement manufacturer Sanghi Industries, this is the company that has acquired some huge benefits which it is yet to kind of exploit fully, particularly the fact that it has massive limestone mines across 1500 hectares in Kutch region and those are all surfaced mines. It doesn’t need to spend much on exploration of this raw material. Recently, the company has signed up as an associate sponsor of new franchise in IPL i.e. Gujarat Lion’s.  One can look at the stock for short term perspective.

CIGNITI TECHNOLOGIES:

CIGNITI|BSE CODE: 500850 |Volume: 40,143

Software has become an integral part of our life. Cigniti Technologies helps companies improve quality of software being delivered worldwide. This company focuses on a niche segment like software testing as more than 40 per cent of the software development efforts are spent in testing. Recently, volumes have started to pick up in the counter and our source suggests HNIs have been accumulating this stock and the stock is likely to witness an upward move from its current level.

FINOLEX INDUSTRIES:

FINOLEXIND|BSE CODE: 500940 |Volume: 3,514

Finolex Industries is an integrated PVC pipes manufacturing company. Multiple government initiatives in the agri-sector across would drive the demand for PVC agri pipe market in the near term. Government initiatives likel Sardar Sarovar Nigam (Gujarat), Jalyukt Shivar Abhiyaan (Maharashtra) and Pradhan Mantri Krishi Sinchai Yojana promise a decent future for the industry and especially for the organised sector as procurement of pipes for these project would only happen through an approved list of suppliers. IMD has predicted above normal monsoon for India. Hence, this stock should be part of trading portfolio. 

TIRUMALAI CHEMICALS

TIRUMALCHM|BSE CODE: 500412|Volume: 5,138

Stocks of chemicals companies were on a roll sometime back with most of the stocks rallying over 10-20 per cent in a quick succession. The price movement in this counter over the recent past has been very good with large volume. The stock price is expected to see further up-move in the coming trading sessions as accumulations from some HNIs and fund houses are going on as heard from the sources.