KERBSIDE
Sanket Dewarkar / 07 Jul 2016
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
FAST MOVING
TRANSPORT CORPORATION OF INDIA
BSE Code: 532349 CMP: Rs.337
The company manages 11 million square feet of warehouse capacity and operates 9,000 vehicles per day. It hopes to put around Rs.100 crore in new warehouses and hubs in 2016-2017 and investment of about Rs.66 crore is planned in ships and containers. The government efforts to increase the share of coastal shipping through its Sagarmala project and the push to pass the GST Bill will augur well for Transport Corporation of India.
WATCH OUT
KEC INTERNATIONAL
BSE Code: 532714 CMP: Rs.143
KEC International a global infrastructure engineering, procurement and construction (EPC) major with presence across power transmission, power systems, cables, railways, telecom and water space. A successful implementation of the UDAY scheme across the country can play a significant role in bringing down losses of State Electricity Boards (SEBs), which can in turn boost T&D capex and, thus, demand for suppliers to T&D companies. Our sources suggest that this could be a major trigger for this stock going forward.
PRAJ INDUSTRIES
BSE Code: 522205 CMP: Rs.98
Recently, the stock has seen surge in volumes and the stock also has been able to break the range bound movement for the first time in the last three months. As per our sources, the proposed government policy on non-conventional energy sources is likely to prove positive for Praj Industries which operates in this space.
AND FINALLY.....
ABAN OFFSHORE
BSE Code: 523204 CMP: Rs.231
Recently, the stock has seen surge in prices along with surge in volumes. A lot of developments have taken place in the stock in the last one month or so and whispers are going on that some HNI clients are accumulating the stock and hence, the stock prices will continue to surge higher in the near term. Investor with high risk appetite can enter into stock.
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