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
 

TECHNICALLY STRONG
AEGIS LOGISTICS LTD.
BSE Code: 500003
CMP: ₹283.55

Aegis Logistics Limited is India’s leading integrated oil, gas and chemical logistics company. It is also one of the top LPG importers and handlers amongst its peers. The stock has shown a strong performance lately, having jumped about 17 per cent in two weeks. The technical parameters indicate strong bullishness, while the volumes have also turned out to be above average. Also, it has retraced nearly 50 per cent of its prior downtrend. It is above all its key moving averages and is overall technically strong. Moreover, the company is expecting good business growth in logistics due to a recent demand in the chemical sectors. Thus, one can hop on to this stock and keep riding its momentum!

A LEISURE STAY
Lemon Tree Hotels Ltd
BSE Code: 541233
CMP: ₹76.55

Fresh, spirited, and youthful, Lemon Tree Hotels (LTH) is India's largest chain in the mid-priced hotels sector. With over 8,250 rooms, the company aims to grow at a faster pace. Favourable industry conditions followed by attractive pricing are likely to impact the stock positively. Re-opening of offices and tourism has proved to be a good boost for the company’s business. In the past three trading sessions, the stock has jumped over 16 per cent and recorded huge volume. With such positive sentiment in the stock, traders have a strong reason for their bullish bets. Why wait more when it is already at its 52-week high and rising?

REJUVENATION IS A REALITY
NMDC LTD
BSE Code: 526371
CMP: ₹116.05

NMDC is a Government of India public enterprise and is the largest producer of iron ore. The D-Street had already anticipated tepid earnings of this stock due to fall in metal prices. The stock had fallen over 40 per cent from its recent swing high. However, strong demand is being seen at lower levels for the stock and it is evident from the volumes at the lower levels. The volumes at lower levels were found to be above average and as a result, it has now shot up nearly 7 per cent in the last three trading sessions. Considering the oversold nature of the stock, the risk reward is quite favourable at the current juncture. It is a good short-term trading idea, and traders can cash on in this oversold stock. 

RETURNING TO PROFITABILITY
IDFC First Bank Ltd
BSE Code: 539437
CMP: ₹44.75

IDFC First Bank is a private sector lender, having presence across treasury, corporate and wholesale banking and retail banking. Its recent corporate result has been fantastic for the company as it reported a net profit of Rs 474 crore versus net loss of Rs 630 crore YoY. The improvement in net interest margins and asset quality has cheered investors, and the stock rose 20 per cent in a week. It recently got an upgrade from many credit agencies and brokerages after its strong Quarterly Results. Interestingly, the stock is now above all its key moving averages, and volumes tend to be soaring. With the stock showing attractive valuation, what is stopping you to grab it with both hands?