Kerbside

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
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INCREASE IN SALES 

Ashok Leyland
BSE Code: 500477
CMP: Rs118 

The Hinduja group flagship Ashok Leyland reported 25 per cent increase in total sales for the month of August. Moreover, the signing of the memorandum of understanding (MoU) on cooperation with Russia’s Rosoboronexport has opened the way for commercial vehicle specialist to make an aggressive bid for Indian Army’s Futuristic Infantry Combat Vehicle (FICV) project. Considering the good prospects for the company, investors or traders can accumulate this stock. 

SEBI NOD 

MCX
BSE Code: 534091
CMP: Rs1119 

The country’s leading commodity exchange has received nod from SEBI to introduce options in gold and the exchange is planning to launch it before Diwali. MCX has conducted road shows to promote gold options and has reached out to over 5,000 jewellers across the country to widen the reach of gold options. Hence, this stock deserves attention of traders and medium term investors.

ALUMINIUM PRICE RISE 

National Aluminium
BSE Code: 532234
CMP: Rs82.25

Recently, the stock has seen spurt in price along with rising volumes after aluminium prices hit multi-year highs. With the global aluminium inventory on a consistent decline in the last two years and the trend likely to continue, global supply is likely to lag demand. Considering this scenario, aluminium prices are likely to remain upbeat as per our informed sources. This positive outlook is likely to benefit this stock.

                                                                              AND FINALLY..

L&T Finance and Holding
BSE Code: 533519
CMP: Rs202

This stock has seen a stellar run-up in the last two-three months and, as per our sources, there is still steam left in the stock to move on the higher side as it offers a diverse range of financial products and services across retail, corporate, housing and infrastructure sectors. The company’s AUMs have shown tremendous amount of growth in the last couple of quarters, net interest income has also given a steady uptick and has good asset quality. Putting all these things into perspective, it seems the stock may see a good upside in the short-medium term.