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.

EXPANSION ON ITS MIND
 

Tube Investments of India

BSE Code: 540762
CMP: ₹2,743.30

Tube Investments of India is engaged in the manufacturing of steel tubes and other ancillary products for automobiles. Recently, the company acquired a majority stake in Moshine Electronics, which is likely to prove beneficial in the long run. The past few acquisitions indicate an aggressive expansion plan and the management expects robust demand in the upcoming quarters. Strong buying interest is seen in the stock as is quite evident from the fact that the stock has jumped 50 per cent in the past three months and recorded above average volumes. Moreover, it is trading near its lifetime high levels and has performed exceptionally well in a falling market. Known as the best among its peers, what holds you back from not adding it to your portfolio kitty?
 

BUILDING PROFITABILITY


Likhitha Infrastructure


BSE Code: 543240
CMP: ₹376.70

Likhitha Infrastructure was established in the year 1998 and is engaged in the business of laying pipelines by providing comprehensive erection, testing and commissioning of oil and gas pipelines, city gas distribution projects and operation and maintenance services. The stock is making headlines for good reasons, having recently bagged orders worth ₹177 crore. Moreover, the board has approved a stock split of 1:2. On the technical chart, the stock has registered a strong price volume breakout and has closed above its consolidation pattern. The company has posted good results lately, and with strong growth in business we are expecting it to soar higher in time to come. With the stock approaching its 52-week high levels at a fast pace, one can surely ride out its momentum! 
 

FOCUSING ON HIGHER TARGETS


Carborundum Universal


BSE Code: 513375
CMP: ₹895.50

Part of Murugappa Group, Carborundum Universal Limited develops services and solutions for abrasives, electrominerals, ceramics and granites. The Murugappa Group shares have attracted investors thanks to the company’s strong management and business activities. For Q2FY22-23, the company declared strong growth of nearly 30 per cent YoY jump in net sales while the net profit grew over 15 per cent to ₹73 crore in June 2022. Due to its strong management commentary, many brokerage houses and credit agencies have upgraded their targets for the stock. Moreover, the stock has seen a recent phase of strong buying at the lower levels. This definitely indicates a good opportunity. Therefore, grab it as soon as you can! 
 

GROWTH IS THE KEY


Ingersoll-Rand India


BSE Code: 500210
CMP: ₹2,210.90

Ingersoll-Rand (India) Limited is primarily engaged in the business of manufacturing and sale of industrial machinery, which includes a variety of industrial air compressors and allied components. The stock has witnessed massive buying lately and has hit a fresh 52-week high level of ₹2,225 on the NSE. Interestingly, it has soared over 55 per cent in the last three months and is in an extreme uptrend. In its recent quarterly result, the company reported strong double-digit growth across revenue and net profits. The management believes in strong business activities despite rising raw material cost. Currently the stock is in a strong momentum and swing traders should make the most of it!

(Closing price as of Sept., 30, 2022)