Kerbside

Ceat is amongst the best tyre manufacturers in India. As per the recent reports by our sources, China had reduced its tyre exports to India as Chinese manufacturers are focusing on the US markets as the US Department of Commerce decided not to impose anti-dumping duties on Chinese TBR tyres. This is positive for the domestic tyre manufacturers and this could trigger a short term rally in the stock.

HEAVILY YOURS

ISGEC Heavy Engineering

BSE Code:533033 | CMP: Rs.5827

The company manufactures of process plant equipment, mechanical and hydraulic presses, containers, contract manufacturing and execution of projects for setting up boilers, sugar plants, power plants. The company has decided to incorporate a wholly-owned subsidiary in Canada ISGEC Canada. The motive behind this incorporation is to expand the footprints of the company in that part of the world by setting up manufacturing operation. This trigger may help the stock witness an upward journey in the short term.

(R)ICING ON THE CAKE

KRBL

BSE Code:530813 | CMP: Rs.400

When the world thinks of Basmati, it thinks of India and India Gate Basmati Rice. Yes, the famous brand India Gate Basmati Rice belongs to KRBL. KRBL in Q3FY16 posted revenues of Rs.818 crore up 16 per cent YoY and up 12 per cent QoQ on account of 36 per cent volume growth in the domestic market. KRBL recorded highest ever EBITDA of Rs.180 crore, up by 66 per cent YoY and up 19 per cent QoQ. The stock is likely to move upwards in the near term.

Karnataka Bank is a leading scheduled commercial bank in India. Recently the bank has inked a memorandum of understanding with Bajaj Allianz General Insurance for general insurance business. The management is aiming to more than double the bank’s business to Rs.180,000 crore by FY20 and to turn out to be a preferred banker to at least 1 per cent of India’s population. This is a positive signal for the stock and points towards appreciation in stock price.