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 

SALES RECOVERY 

Abbott India
BSE Code: 500488
CMP: Rs5565

Abbott India is a publicly listed company and a subsidiary of Abbott Laboratories, USA. The company offers medicines across multiple therapeutic categories, including women’s health, gastroenterology, neurology, thyroid, diabetes, pain management, general care, vitamins and vaccines. Indian medicine sales have recovered from a decline of 2.3% seen in July 2017 when the GST was rolled out. In November 2017, India’s medicine sales rose by 8.1% over a year ago, according to market research firm AIOCD Awacs. As per our sources, the uptrend should reflect,in the earnings of pharma companies as well. Hence, this stock is a right prescription for healthy growth.

GAINING BASE METAL PRICES 

Vedanta
BSE Code: 500295
CMP: Rs318 

Base metal prices had seen a good upsurge, with the red metal reaching its highest in three weeks. The global economic data continued to paint a positive picture of economic growth around the world as industrial production rose in China and PMIs in Europe were exceptionally strong. With base metals prices gaining ground across the world and expectation of rising demand from China, the stock is set scale higher

RURAL THRUST 

Jain Irrigation
BSE Code: 500219
CMP: Rs127

The big trigger after the Gujarat assembly election outcome could be the rural thrust. Apart from the rural infrastructure, rural consumption and agri-inputs could be the next big stories in the coming days. If market buzz is to be believed, the stock to watch out in the coming days could be Jain Irrigation. There is a big gap in India’s agriculture and a push to drip irrigation could make a vast difference to agriculture output. The stock could be a noteworthy outperformer

AND FINALLY.. 

Compuage Infocom
BSE Code: 532456
CMP: Rs48.35

Compuage Infocom is an information technology distribution company that distributes computer peripherals, telecom and power products. The company is associated with about 32 global brands and, during FY17, the company added 14 new principal relationships to its products portfolio. In the last few trading sessions, the stock has been moving higher with large volumes. Market sources suggest that there is still some steam left in the counter, hence it might potentially be on an uptrend.