KERBSIDE

Pidilite Industries

Pidilite Industries, a midcap segment chemical stock posted positive growth in its recent quarter results led by a growth in its industrial products. It owns some blockbuster brands like Fevicol, an adhesive which holds 60 per cent of the current market share. The company recently entered into a joint venture with Industria Chimica Adriatica Spa (ICA), a leading wood finish manufacturer based in Italy for high quality wood finishes. The stock has given a breakout of 650 levels and can see 100-120 points upside from current levels.

Container Corporation of India Ltd

Probable passing of GST Bill in the monsoon session of Parliament is expected to boost the overall transport and logistics sector stocks. CONCOR, a government promoted debt free company is a dominant player in transportation of containers through rails and roads and also cold chain and air cargo. CONCOR is also likely to benefit from the dedicated freight corridor. The stock is likely to achieve growth in both domestic and EXIM segments in its upcoming results despite of increased haulage rates. The stock started off with its rally after hitting 52 wk low in Feb 2016 and is likely to give more upside above 1405 levels.

Zee Entertainment Enterprises Ltd

Company has posted robust Quarter results led by the strong advertising revenues. ZEEL, the owner of highest TRP channels in India would launch a new English news channel WION in the second half of 2016 through its sister company Zee Media Corporation Ltd (ZMCL). ZMCL will also share 7 per cent subscription revenue to ZEEL for distributing news channels. The stock has recently given a consolidation breakout and is likely to give 50-60 points upside from the current levels.

Power Grid Corporation of India

Recently Power Grid has grabbed a seat in Nifty and SENSEX by replacing BHEL with itself. The central government promoted company is engaged in bulk power transmission across different states of India. However, the power ministry has approached the cabinet with a proposal to shift the country’s electricity ownership to private players and Power Grid’s participation will be limited to bag the projects. Coming back Power grid has given a prolonged consolidation breakout with high volumes since the beginning of the year for 25-30 points upside. Moreover, speedy launch of UDAY scheme to revive debt laden power companies can be the biggest positive for the company.