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

HIGH EXPECTATIONS 

PNB Housing Finance

BSE Code: 540173
CMP: ₹432.65

With over three decades of specialised experience in housing finance, PNB Housing has a robust network of branches spread across the country which help its customers avail financial services related to construction, commercial spaces, residential plots, etc. seamlessly. In their recent research calls, many brokers have upgraded their targets for this stock. Meanwhile, traders are showing interest in this stock given the fact that it has already jumped over 30 per cent in less than three months. Increase in population density in urban areas has increased the demand for flats and it is expected to drive the demand for independent homes. With such positive expectations, what is stopping you from riding out its momentum?

TECHNICALLY STRONG 

Max Financial Services

BSE Code: 500271
CMP: ₹824.80

Max Financial Services Limited (MFSL), a part of the Max Group, is the holding company for Max Life, India’s largest non-bank, private life insurance company. Recently, the stock has registered a strong price volume breakout from its consolidation pattern and the volumes have turned out to be above average. Its trades above all its key moving averages and technical parameters indicate strong upside in the stock. Overall, the stock is technically bullish which is the reason why it has witnessed strong buying interest lately. Thus, swing traders have a good opportunity to gain quick bucks! 

CEMENTING GOOD PROFITS

INDIA CEMENTS LTD.

BSE Code: 530005
CMP: ₹283.90

India Cement Limited is a Mid-Cap cement manufacturer primarily having its revenues driven from South India. The cement industry is regarded as highly competitive industry and the company has emerged as one of the top growing companies. Analysts expect strong growth in this sector and it is likely to benefit the emerging companies. High prospects have attracted investors to this stock which has witnessed strong buying interest in recent times. This is quite evident from the fact that the stock has jumped nearly 100 per cent from its June low. The growth phase is likely to continue and you don’t need to look anywhere else if you believe in this bullish sector. 

SMOOTH SAILING

Mazagon Dock Shipbuilders Ltd

BSE Code: 543237
CMP: ₹455.95

Mazagon Dock Shipbuilders Limited, aptly called ‘Ship Builder to the Nation’, is one of India’s leading defence public sector undertaking shipyard under the Ministry of Defence. Its main activities are construction of warships and submarines with facilities situated at Mumbai and Nhava, the latter being under development. The defence sector is a hot topic lately as many institutions are readily increasing their stake in various fundamentally sound companies. The recent Quarterly Results show the company’s revenue rising 83 per cent YoY to `2,230 crore while its EBITDA has nearly doubled on YoY basis. With this, many credit agencies and fund houses have upgraded their targets for this stock. In less than one year, the stock has increased its shareholders’ values by over 75 per cent. Momentum is the key here, and you mustn’t miss out on this attractive stock. 

(Closing price as of Sept., 20, 2022)