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 

GAINING MARKET SHARE 

GAEL 

BSE Code: 524226
CMP: Rs 298 

The commercial operations of the first phase of the company’s 1,000 MT per day greenfield maize processing plant set up in Maharashtra has commenced. With this facility, the installed capacity for maize grinding has reached to 3,000 MT per day, which is the largest capacity in the country. Commencement of production at the unit is one more step in the direction of establishing pan-India presence of the company in the maize processing sector through which the company will achieve highest market share in the sector. The second phase of the project to manufacture valueadded derivative products will further enhance the market share in the sector, This big booster should push up its share price 

PREMIUM SEGMENT ENTRY 

Liberty Shoes 

BSE Code: 526596
CMP: Rs 238 

The company is engaged in the business of manufacturing and trading of footwear and accessories through its retail and wholesale network. It has a strong portfolio of over 10 brands, along with its flagship brand ‘Liberty’. In the last leg of the year 2017, it entered the premium segment with the launch of Healers brand that would enable the company to cater to the fast-growing premium footwear market in India. According to sources, some development is likely to take place which may lift the stock price and, therefore, the stock can be looked at from a short-term trading perspective. 

PRODUCT DEMAND 

Mahindra CIE Automotive 

BSE Code: 532756
CMP: Rs 242 

Mahindra CIE Automotive reported stellar numbers for quarter ended March 2018. The management is confident on good performance next quarter and sustainable long term growth. Fresh orders from Honda and Kier for forging are coming as per the expectations. The company expects demand for its products in domestic market to increase further as its key customers are planning to launch new products in the near term. The company is set to enter into the next phase of growth. This stock has a potential to appreciate in the short-medium term. 

AND FINALLY.. 

Trigyn Technologies 

BSE Code: 517562
CMP: Rs 158 

Recently, the company announced that it has been awarded a contract by the Maryland Health Benefit Exchange (MHBE), a public corporation and independent unit of the government of the state of Maryland, to provide consulting, technical services and materials. It is heard that many big ticket investors and market participants are keeping a close watch on the company and are slowly building up their positions in the stock. Traders with a decent risk appetite can create a position in the stock to make some quick trading gains.