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

CONNECTING GROWTH AND PROFITABILITY

RailTel Corporation of India

BSE Code: 543265
CMP: ₹125.10

RailTel Corporation is an ICT provider and one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fibre network on exclusive right of way (ROW) along railway tracks. The OFC network covers important towns and cities of the country and several rural areas. The company posted stellar results this season, recording ₹440 crore consolidated income for the second quarter of FY 2022-23. The stock has been a hot topic lately and many railway stocks have seen strong buying interest. The momentum favours the stock and there’s no reason why you shouldn’t take advantage of such strong momentum.  


GROWTH STORY IN MAKING

Ujjivan Financial Services

BSE Code: 539874
CMP: ₹279.55

Ujjivan Financial Services is a microfinance institution serving the economically active urban and semi-urban poor. It provides a basket of financial services and customised products to meet a wide range of customer needs. The company has been one of the strong growing NBFCs, delivering robust growth in sales, loan books and profitability recently. It has posted ₹257 crore net profit as against net loss of ₹56.74 crore in the previous quarter ended September 2021. With such strong turnaround, many brokerage houses and credit agencies have upgraded their targets for this stock. The buying sentiment is quite evident from the surge in stock price in the recent past. The path is set and one needs to hop on to the stock to witness its growth story! 


POWERING PROFITS

Exide Industries

BSE Code: 500086
CMP: ₹179.35

Exide Industries has been one of India’s most reliable brands, enjoying unrivalled reputation for its superior products. Their innovation, research and development and state-of-the-art technology have helped them to be the frontrunner in the lead acid storage batteries space. The company has recorded healthy Q2 numbers, thanks to volume recovery and pricing strategies which aided revenue growth. The management expects robust demand and focuses on innovations for its battery segment in automobiles. On the technical front, the stock has registered a breakout from its cup and handle pattern with massive volume, which is deemed positive for the medium term. The outlook is strong, and investors have a great option to lock in their money for magnificent returns.  

 

HIGH EXPECTATIONS

NCC Limited

BSE Code: 500294

CMP: ₹73.15 

NCC Limited is a construction company engaged in the construction of commercial buildings, roads, bridges, water supply and environment projects, housing, power transmission lines and hydrothermal power projects. The Rakesh Jhunjhunwala-owned stock is performing extremely well on the bourses and has witnessed fresh gush of investments this week. On the technical chart, the stock has registered a breakout from its ascending triangle pattern, which is considered very bullish in the medium term. The quarterly earnings have been quite encouraging and the company has reported double-digit growth across revenue and net profits. The company holds the prospect of a promising future and long-term investors should not miss out on its action.