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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 .

ORGANIC DEMAND ON THE GO!

NOCIL LTD.

BSE Code: 500730
CMP: Rs274.95

NOCIL Limited is engaged in the business of organic chemicals. It also works in the area of manufacturing and trading rubber chemicals. The stock has recently made a higher high and a higher low, which is a positive sign. Moreover, the stock is technically strong as it trades above all the key moving averages while the technical indicators also demonstrate strong strength. It is expected that the company shall post robust Q1 results as sales are expected to increase nearly 30 per cent while its profitability may also improve. Several analysts predict strong movement of the stock in upcoming days as the demand for organic chemicals continues to rise. With better expectation along with good price structure, you can certainly expect good gains in times to come.

STRONG BUSINESS, STRONG PERFORMANCE

COROMANDEL INTERNATIONAL LTD.

BSE Code: 506395
CMP: Rs982.30

Coromandel International Limited is engaged in the manufacture and trading of farm inputs consisting of fertilisers, crop protection, specialty nutrients and organic compost. The Murugappa Group stock has shown strong performance lately and has also outperformed the peers. It is quite evident as the stock has soared over 32 per cent this year while also hitting a fresh lifetime high on Monday, July 11. Strong business outlook powered by improving credit ratings of the company are the key factors driving the stock higher. For the medium term this can be your safe bet considering the volatile conditions of the market 

TRANSMITTING BULLISHNESS

LG Balakrishnan and Bros

BSE Code: 500250
CMP: Rs662.45

LG Balakrishnan and Bros. Limited is engaged in the business of manufacturing chains, sprockets and metalformed parts for automotive applications. This includes various transmission-related designs and applications too. In recent times the stock has soared an astonishing 33 per cent in just 15 trading days. Along with this, the stock has registered above average volumes, indicating increasing participation. It is above its prior swing high and is inches away from its lifetime high. Easing of the supply chain in automotive industry along with continued demand for CVs and PVs are likely to keep the company’s business strong in the future. As such, this stock can help you to transit to higher levels in your trading journey. 

GROWTH IS THE KEY

Chemcon Speciality Chemicals Ltd

BSE Code: 543233
CMP: Rs336.60

Chemcon Speciality Chemicals Limited produces specialised chemicals for various domestic and overseas customers. With market capitalisation of about Rs 1200 crore, it is one of the strong and growing Small-Cap companies of this sector. After a strong downtrend, the stock has finally hit the ground running and has jumped off 22 per cent in just two weeks. It is above its prior swing high and recorded huge volumes. The daily RSI is in bullish territory while the MACD suggests an uptrend. In a nutshell, the stock is extremely bullish. It has witnessed strong buying from its oversold levels as evident from its price action. Such a good quality small-cap stock at oversold levels has been bought by medium-term investors. With the market now betting on the stock to soar higher, it would be worth adding it to your kitty.

(Closing price as of July 12, 2022)