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

A SAFE BET

Marico Limited

BSE Code: 531642
CMP: ₹499.30 

Marico Limited is a consumer products company operating in the beauty and wellness space. The company’s principal products include edible oils and valueadded hair oils. Its brands include Parachute, Saffola, Hair and Care and Livon. Interestingly, the stock has seen strong buying interest among market participants and has recorded rising volumes for six consecutive days. On Monday, the stock formed a bullish engulfing candle, implying the possibility of an upside. The stock has bounced from its strong support level of Rs 490 and is expected to trade higher. The essential consumer products are supposed to be a safe bet in the market, which is likely to benefit Marico. It’s a stock worth pitching for. 

A SHINING STORY

Rajesh Exports Limited

BSE Code: 531500
CMP: ₹536.50

Rajesh Exports is engaged in the business of manufacturing gold products and selling of gold and gold jewellery as well as bullion. Despite the falling market, the stock has attracted buyers after the company signed a MoU with Telangana to set up a display facility of Rs 24,000 crore as a part of the Semicon India Scheme. This is expected to have a good effect on the top-line and profitability is expected to rise. With this, the stock is above its 20 DMA and is expected to be positive in the upcoming days. Moreover, the stock is likely to produce good opportunities for swing trading in the near future. 

CREATING STRONG BONDS 

Pidilite Industries Limited

BSE Code: 500331
CMP: ₹2120.25

Pidilite Industries is engaged in the manufacture of adhesives and glues, including rubber-based glues and adhesives. The company’s popular brands like Fevicol, Dr. Fixit and M-Seal hold strong market share in their respective departments. On the technical chart, the stock has formed a bullish engulfing candle and is showing early sign of reversal. Moreover, the stock has recorded above average volumes in recent times, indicating active buying interest at the lower levels. The technical indicators show an improvement in this stock, and we can expect 10 per cent gain in the short term.

ENGINEERING GOOD PROFITS

Siemens India Limited

BSE Code: 500550
CMP: ₹2395.45

Siemens Limited has diversified business operations, comprising manufacturing of electric motors, generators, transformers and electricity distribution and control apparatus as well as general purpose machinery, electrical signalling, safety or traffic control equipment, etc. The company recently hosted an analysts’ meet in which the general opinion was that slowdown is unlikely to take place despite rising inflation and economic pressure. The company holds good operating margins and the management believes the outlook to be strongly positive in the coming quarters. This has cheered investors and the stock is up over 10 per cent from its prior swing low. The brokerage houses have upgraded their targets and you can expect good gains in the short to medium term.

(Closing price as of June 14, 2022)