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 SWEET VOYAGE

Great Eastern Shipping Company Ltd

BSE Code: 500620
CMP: ₹550.45

The Great Eastern Shipping Company is engaged in the business of providing shipping services such as transportation of crude oil, petroleum products, gas and dry bulk commodities. It has declared exceptional results earlier this month with a jump of 85.55 per cent YoY in sales. Interestingly, the stock has registered a breakout from its consolidation pattern lately amid strong buying interest. It is currently trading near its 52-week high level with good volumes. Technically, the stock is quite bullish and there’s no reason why you shouldn’t sail on this stock to explore newer highs! 

ON STRONG GROUND

KRBL Ltd.

BSE Code: 530813
CMP: ₹302.95

With rich industry experience of more than a century, KRBL Limited is one of the top players in the Indian rice industry and is also the first integrated rice companies of its kind. It primarily operates in manufacturing and marketing of rice products. The stock has registered a breakout from its ascending triangle pattern with above average volume. Moreover, it is over 61.8 per cent retracement level of its prior downtrend. The Basmati rice manufacturer has been witnessing strong demand in exports despite rising costs. With good monsoon this year, investors expect huge potential in this stock for the future. 

IN A POSITION OF POWER

Apar Industries Ltd.

BSE Code: 532259
CMP: ₹1,339.05

Apar Industries Limited is engaged in the business of manufacture of conductors, transformer and specialty oils and power and telecom cables. Recently, the company reported its highest ever quarterly sales, primarily led by the conductor segment. Investors are bullish on this stock, which is quite evident from the fact that it has soared over 116 per cent in just three months. Credit agencies and brokerage houses have maintained a ‘buy’ position. Interestingly, the stock has also broken out from its short-term consolidation pattern. When such a stock gives the trader an opportunity to buy, one must hug it tightly!

BIG SIZE MATTERS

Sanghvi Movers Ltd.

BSE Code: 530073
CMP: ₹257.90

Sanghvi Movers Limited is the largest crane rental company in India and Asia and the sixthlargest in the world as ranked by International Cranes. This Pune-based company has reported a whopping 676.87 per cent YoY increase in net profit. On the technical chart, the stock is trading near its prior pivot and has formed higher highs and higher lows. The volumes have been huge recently, with many institutions expected to buy this stock after its outstanding performance. When all the big players are betting on it, what’s stopping you from joining them? 

(Closing price as of Aug. 23, 2022)