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.

GROWTH IS THE KEY

GMM PFAUDLER LTD.

BSE Code: 505255
CMP: ₹1,826.55

GMM Pfaudler is the leading technologies, systems and services provider for the chemical and pharmaceutical industries, including others. It primarily works in the design, manufacture, and installation of corrosion-resistant equipment and complete chemical process systems. In its recent earnings, the company posted robust growth as EBITDA zoomed over 240 per cent YoY in June 2022 to Rs 126.30 crore. Most of the credit agencies have upgraded their targets and analysts expect the company to continue its strong growth business. The stock had a magnificent run of over 8 per cent last week. Go grab it before it explodes!

IN THE COMFORT ZONE

EIH LTD.

BSE Code: 500840
CMP: ₹187.95

EIH Limited is the flagship company of the Oberoi Group, one of the largest luxury hotel chains in India. The stock has formed a higher high and a higher low on the technical chart which is a bullish sign. Last week, it registered the highest gains in many weeks, as it jumped nearly 17 per cent. Strong business growth in recent quarters has boosted investors’ confidence, which is quite evident from the fact that the stock has zoomed nearly 75 per cent in less than a year. With good long-term prospects, this stock remains the top choice in the hospitality and leisure industry.

TOTAL CONTROL

JK TYRE & INDUSTRIES LTD.

BSE Code: 530007
CMP: ₹147.30

JK Tyre and Industries Ltd is one of India’s foremost tyre manufacturers and is also amongst the top 25 manufacturers in the world. The company has been at the forefront in driving innovation and excellence in the tyre industry through its strong R&D department. Recently, the company secured “Best-in-class” ratings in ESG performance. Strong business practices, along with a sharper edge over its peers have attracted investors. The auto-tyre manufacturer is likely to see strong growth in upcoming quarters as consumer demand remains strong. The stock is currently above its prior swing high and is a good short-term idea for you to cash on! 

FAVOURABLE TIMES AHEAD

TIMKEN INDIA LTD.

BSE Code: 522113
CMP: ₹3234.25

Timken India is engaged in manufacturing bearings and has state-of-the-art manufacturing plants to serve local bearing market needs. The company works with large OEM dealers to optimize performance and reliability. Analysts expect good fundamental figures in future as industrial demands look robust. With this, brokerage units and fund houses maintain a “buy” rating on this stock. In the past month, the stock has surged nearly 9 per cent to hit a fresh all-time high. The volumes have been above average and show strong strength in the stock. Why wait for more when it is already at its all-time high and rising?

(Closing price as of Sept., 02, 2022)