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.

SELLING IS THE NEW BUYING

GODFREY PHILLIPS INDIA LTD.
BSE Code: 500163
CMP: ₹1402.05

Godfrey Phillips India is a Mid-Cap FMCG company, primarily engaged in manufacturing cigarettes, while also working across sale of chewing products, tea and other allied goods. The company has recently announced its sale of chewing business for Rs 80 crore, which has been incurring losses from the past and contributed less than 2 per cent to its overall revenue. Strong buying has been seen in the stock at lower levels as it shot up nearly 20 per cent in the past three weeks. Overall, the momentum of the stock looks strong and currently trades near a crucial pivot. It is expected to produce many trading opportunities in the near future and one shouldn’t miss out such an opportunity.   

INCLINED FOR GROWTH 

ELGI EQUIPMENTS LTD.
BSE Code: 522074 
CMP: ₹436.25

Elgi Equipments is a strong and growing air compressor manufacturer. It also works in building industrial machinery and provides solutions for food processing and pharmaceutical machines. Despite rising inflation, margin costs and economic slowdown, the company remains optimistic regarding growth and profitability. Its recent Quarterly Results show that net sales grew over 19 per cent YoY to Rs 727 crore while net profit rose 68 per cent to Rs 73 crore. Many brokerage houses have upgraded their targets considering the potential the company has. With the stock witnessing strong buying at lower levels, long-term investors have a gem to add to their portfolio!   

POWERING PROFITS 

NHPC LTD
BSE Code: 533098
CMP: ₹42.00

NHPC Limited is one of the largest organisations for hydropower development in India with capabilities to undertake all the activities from conceptualisation to commissioning in relation to setting up of hydro projects. It also diversified in the field of solar and wind power. Being a PSU, the stock offers an attractive dividend yield for its investors. The stock is in steady uptrend and has formed higher highs and higher lows on the technical chart. Massive volumes have been recorded lately, which indicates accumulation phase at higher levels. With the stock trading at its 52- week high levels, one can surely ride out its momentum.   

GROWTH STORY IN MAKING

Fine Organic Industries Ltd
BSE Code: 541557
CMP: ₹6,900

Considered as a pioneer in the manufacturing and marketing of emulsifiers in India, Fine Organics Industries has expanded its additive range to anti-fungal agents, bread improvers, beverage clouding agents, and many more. As per many analysts and credit agencies, Indian specialty chemicals offer a strong growth story. Strong demand is seen in this sector and Fine Organics Industries is one of the leading contenders. The company is positive on a long-term structural growth on the back of the China Plus One strategy. The stock is trading near its all-time high levels and has seen good volumes recently. This growth phase is likely to continue. It’s a good bet in a bullish sector.