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LIKE METALIK(E)

Tata Metaliks

BSE Code: 513434 | CMP: Rs.444

Tata Metalik is one of the biggest pig iron manufacturing and selling companies in India. Primarily a pig iron company, Tata Metaliks gradually moved into ductile iron (DI) pipe manufacturing about 5 years ago. Domestic demand for DI pipes has been compounding at 15 per cent over the last 10 years and the outlook on the trend sustaining over the next decade is solid. As per our sources, HNIs are accumulating this stock and hence, a short term upmove is likely in the stock. 

POWERING GROWTH

BSE Code: 540136 | CMP: Rs.117

The stock has witnessed correction in the near term, mainly due to 20.79 per cent fall in revenue in the third quarter of FY2016-2017 as compared to the corresponding quarter in the previous fiscal. In the last couple of trading sessions, volume have picked up and, as per our sources, the stock is ripe for a solid upmove from the current levels. High risk investors can accumulate this stock for short term gains

JOYOUS JAI

Jai Corp

BSE Code: 512237 | CMP: Rs.73.85

The price movement in this stock in the recent past has been very good along with rise in volumes. The stock price is expected to see further upmove as there is a buzz in the market that some HNIs and big market punters have taken long positions in the stock, and are expecting it to move in the northward direction. Market source suggest that there is still some steam left in the counter, hence it might be potentially on an uptrend.

AND FINALLY..

BSE Code: 532706 | CMP: Rs.238

Media and entertainment stocks have been in the limelight over the last week or so. However, the multiplex chain operator Inox Leisure has been an underperformer on the back of dismal Q3 earnings. Our sources suggest that this stock may pick up momentum and is likely to catch up with other media and entertainment stocks. The stock can be looked at from a short-term perspective.