Kerbside

Sanket Dewarkar / 27 Oct 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

CAIRN CAN

BSE CODE: 532792 CMP: Rs.230.45

Cairn India is an oil and gas exploration and production company. A decision on 10-year extension for the production-sharing contract (PSC) of the Barmer oil and gas block of Cairn India and state-run Oil and Natural Gas Corporation (ONGC) in Rajasthan beyond 2020 is likely to be taken by the Union Cabinet soon and Cairn also has posted an almost 100 per cent jump in its profit in the second quarter. The stock can be looked at from a short-term perspective if markets' buzzes are to be believe.

Shine with Sunteck

BSE CODE: 512179 CMP: Rs.278

Sunteck Realty is a Mumbai-based real estate development company, catering to the ultra-luxury and luxury residential segment. The price movement in this stock in the last week or so has been very good along with large volume. The stock price is expected to see further up-move. Some HNIs and big market punters have taken long positions in the stock and are expecting it to move in the northward direction. Therefore, the stock can be looked at for short term trading gain.

Dress your portfolio

BSE CODE: 500101 CMP: Rs.404

Arvind is a textile manufacturer and the flagship company of the Lalbhai Group. It is headquartered in Naroda in Ahmedabad. It has units at Santej. It manufactures cotton shirting, denim, knits and bottom weights fabrics. The company has considered and approved the fund raising of Rs 740 crores by diluting 10 per cent stake in its subsidiary, Arvind Fashions Limited, a brand business arm. Those with high risk appetite, can consider this stock to achieve medium to short term gains.

And Finaly

BSE CODE: 539542 CMP: Rs.1152

Dr. Lal Path Labs is the second largest diagnostic chain in domestic market with healthy balance sheet and strong cash flows. The company gets 72 per cent of revenue from northern India and is concentrating more on an engagement model between the company and the clients. The growth drivers for their business are: rising incidence of lifestyle diseases, increase in evidence bases treatments, more focus on preventive diseases and wellness, combined with rising incomes and increases penetration of health insurance. This is a good investment bet for a short-medium term if talks on the Dalal Street in Mumbai to be believed.

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