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

ENGINEERING GOOD PROFITS

Siemens Limited

BSE Code: 500550 
CMP: ₹3194.85 

Siemens Limited is a Large-Cap technology company focused on industry, infrastructure, digital transformation, transport as well as transmission and generation of electrical power. In its recent Quarterly Results, the company reported 13.09 per cent YoY jump in revenue for Q3FY23 while net profit grew over 84 per cent YoY to Rs 462.70 crore. The results have impressed investors, and strong buying interest is seen lately. The order growth remains robust with new projects coming their way. Interestingly, the stock has broken out from its triangle pattern, which is deemed strongly bullish for the medium term. With the stock trading at its 52-week high levels, one can surely ride out its momentum! 

GROWTH STORY IN MAKING

Carysil Limited

BSE Code: 524091 
CMP: ₹512.65

Carysil, a Small-Cap company, is one of the largest producers of quartz kitchen sinks in the world, under its brand with the same name. It also produces stainless steel sinks, faucets, food waste disposer units and kitchen décor. After a steep downtrend of over 40 per cent from its prior swing high, the stock has seen strong buying emerging at lower levels. The kitchen sink and allied components industry is expected to see good growth in urban areas while exports have seen a good rise. The company has a strong potential to turn multibagger given their business operations and growth prospects. 

CONNECTING GROWTH AND PROFITABILITY

APL Apollo Tubes

BSE Code: 533758
CMP: ₹1266.30

With a capacity to produce 2.6 million tonnes per annum, APL Apollo Tubes Limited is the largest producer of structural steel tubes in India. The company has an extremely strong local presence, thanks to the philosophy of ‘Make in India’, extensive distribution network and world-class quality. The management remains optimistic about the growth prospects of the company and expects improvement in margins. The company posted strong double-digit Q3FY23 numbers. With this, many brokerage houses have upgraded their targets for the stock. Interestingly, the stock has broken out from its ascending triangle pattern and is currently trading at near 52-week high levels. Good long-term prospects make this stock an attractive asset in one’s portfolio. 

REGAINING LOST ATTENTION

Persistent Systems

BSE Code: 533179
CMP: ₹5063.90 

Persistent Systems is a Mid-Cap IT company, engaged in providing information technology solutions and product lifecycle services to its clients. The mid-cap IT stocks have been beaten down heavily last year amid poor global cues and margin pressures. However, with an improvement in business activities, the company has attracted market participants. Consistency is seen across earnings in the past four quarters. Technically, the stock has broken out from its 59-week cup pattern with massive volume, which is a positive indication of the stock’s uptrend over a medium-long term. The stock is slowing getting back in action, and one expects it to produce good results in the future.