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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.

FAVOURABLE TIMES AHEAD

Mangalore Refinery and Petrochemicals Limited

BSE Code: 500109
CMP: ₹79.85

Mangalore Refinery and Petrochemicals Limited is engaged in the business of refinery and manufacturing of refined petroleum products. The stock has been in a strong uptrend recently and has gained about 30 per cent since its recent swing low in just four trading sessions. It is currently trading near its all-time high level and is technically bullish. The recent surge in crude oil prices is expected to benefit the company and is likely to have a positive impact on its earnings. The company has strong growth potential and market participants are long on the stock. You can hop on to this stock and ride the momentum as it shows no sign of fizzling out.

PUTTING ON A GOOD SHOW

CRISIL Limited

BSE Code: 500092
CMP: ₹3,646.00

CRISIL Limited is an analytical company and provides ratings, data and research, analytics and solutions in various domains. It operates in various segments such as ratings, research and advisory. The company reported good numbers with the net profit growing about 46 per cent year-on-year (YoY). Sales, too, grew by 20 per cent YoY and the positive management commentary regarding business aspects aided the rise in its stock price. The Rakesh Jhunjhunwala-owned stock has risen over 24 per cent in just eight trading sessions. With such strong momentum and business aspects, there is no reason why you shouldn’t pick on this stock for the medium term. 

ON A HIGH

United Breweries Limited

BSE Code : 532478
CMP: ₹1,557.75

United Breweries Limited (UBL) is a Mid-Cap company engaged in the manufacture and sale of alcoholic drinks, which also includes licensing of alcoholic brands. The company posted its Quarterly Results lately and reported 68 per cent rise in its profits YoY. The management’s commentary was robust regarding growth of the company and it has strong pricing power. This is sufficient to justify that the stock has jumped about 9 per cent in nine trading sessions and shows no sign of slowing down. The volumes have risen in the last three days and you can bet on this stock to move higher. 

TECHNICALLY STRONG

Max Healthcare Limited

BSE Code : 543220
CMP : ₹392.25

Max Healthcare Limited is a provider of home healthcare services including patient care, and hospitals. The stock has surged about 22 per cent since its prior swing low and continued to trade higher. It trades above all the key moving averages and indicates bullishness. The 14-period daily RSI has jumped above 60 and indicates strong strength in the stock. Moreover, above average volumes have been recorded, justifying buying interest among the market participants. The stock is expected to generate good returns and is likely to outperform the market given its strong presence in the sector. Taking into account its favourable technical analysis, you can consider taking a position in this stock.

(Closing price as of May 02, 2022)