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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RE-RATING OF STOCK

ONGC
BSE Code: 500312
CMP: Rs.170 

 This stock is back on the radar of big investors and HNIs after Brent crude oil prices hit a new high of 2017. The oil exploration company is likely to witness stock price re-rating as higher crude prices are expected to result in stronger margin realization and increase in profitability. Watch this stock as the stock is set to rise in the short term as per the sources.

POSITIVE PAT

Dhanlaxmi Bank
BSE Code: 532180
CMP: Rs.36

Dhanlaxmi Bank reported a positive PAT in FY17 after three consecutive years of net losses. The bank also reported a 9 per cent growth in NII on a YoY basis. Its CASA ratio also improved to 29.44 per cent from 25.03 per cent over the last one year. Also, the asset quality problems seem to be behind and barring 2-3 accounts, the bank has largely recognized all the stressed loans. A good time to get into this stock.

ELECTRIC VEHICLE SPACE

Bajaj Auto
BSE Code: 532977
CMP: Rs.3028 

 Bajaj Auto is a stalwart in the two and three wheeler segment. As per the murmurs on the street, Bajaj Auto is looking to enter the electric vehicle space by 2020. The company will produce electric two-wheelers and three-wheelers and the aim of the company is to do a Tesla in the electric two-wheeler segment. Also, with the festive season around the corner, the domestic 2-wheeler market may see an upsurge due to festive season. Hence, buy this stock for a good appreciation in the short-medium term.




AND FINALLY..

Bajaj Finance
BSE Code: 500034
CMP: Rs.1803 

 India's biggest festival is not very far away and it is one of the most important retail spending events in India. Majority of the consumption-driven companies depend on this period for a significant proportion of their sales and they come out with new models and attractive offers to lure buyers and increase sales. When we are talking about consumption, Bajaj Finance is the company to get benefited the most in the finance sector as company offers loans for consumer durables. A good stock to bet in the near term.