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 

STORES OPENING 

Shankara Building
Products
BSE Code: 540425
CMP: Rs1916

Shankara Building Products is one of India’s leading organised retailers of home improvement and building products in India. The company operates stores under the name ‘Shankara Buildpro’. Recently, the company had opened two stores under the ‘Shankara Buildpro’ brand in Vijayawada and Bangalore, taking the tally to 123 Shankara Buildpro stores spread across 9 states and one Union territory. A meeting of Board of Directors is scheduled on December 12, 2017 to consider and review working capital requirement and realignment of working capital limits. The stock has seen robust price gains in the last two weeks and, if our sources are to believed, it is likely to continue its upward march in the coming weeks as well.

DEVELOPING CAPABILITIES
Tata Elxsi
BSE Code: 500408
CMP: Rs910 

The company is actively investing in developing capabilities and providing solutions and services for emerging technologies such as IoT (Internet of Things), cloud, mobility, and artificial intelligence. It offers electronics, software development and system design services for automotive, railways and aerospace industries. Also, it has been working on emerging requirements for mass transportation and urban mobility solutions for smart cities of the future. This stock could be bought for stellar gains. 

ENHANCING MARGINA
agro Tech Foods
BSE Code: 500215
CMP: Rs588 

Agro Tech Foods Limited is engaged in the business of marketing food and food ingredients to consumers and institutional customers. The company’s brands include Sundrop Oils, ACT II Popcorn, Sundrop Peanut Butter, Crystal and ACT II Nachoz. The company plans to develop new key categories to enhance margin through logical extensions- Diet Pop and Peanut Butter snacks. It is heard that many big ticket investors and market participants are keeping a close watch on the company. Hence, the stock is ready to pop-up in the coming trading sessions

AND FINALLY..
Insecticides India
BSE Code: 532851
CMP: Rs771

The company reported healthy H1FY18 numbers with topline placed at Rs 761.52 cr., up by 3% from Rs 742.80 cr on a consolidated basis and EBIDTA of Rs 106.19 cr., up by 29% YoY from Rs 82.40 cr in H1 last year on a consolidated basis. The PAT on a consolidated basis for H1FY18 stood at Rs 66.64 cr., up by 44% YoY, as compared to Rs 46.17 cr in H1 last year. A noteworthy fact in Q2FY18 was a change in the product mix which led to a strong EBITDA margin of 13.36% ( up by 264 bps), and lower interest cost and other income which boosted the PAT in Q2FY18 by 32% YoY. The product pipeline continues to remain strong and it is likely to add 10 new products in FY19, which could drive further improvement in margins. It is a decent stock to add to portfolio.