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.

PUREST AND FINEST

RAJESH EXPORTS LTD.
BSE Code: 531500 
CMP: ₹873.60

Rajesh Exports Ltd. is a leading player in the global jewellery market, primarily engaged in the manufacturing and marketing of finest quality jewellery to consumers across the world. In its Q2FY23 results, the company reported 94.62 per cent YoY jump in consolidated revenue while net profit grew 25.28 per cent to ₹372.96 crore in September 2022 as against ₹297.70 crore in the same quarter of the previous fiscal year. On the technical chart the stock has witnessed strong price volume breakout as it surged above its prior swing highs. The volumes have been above average in the third week of January and indicate fresh buying interest. The Relative Strength (RS) is above zero and demonstrates strong strength as against the broader market. The momentum appears sharp and fine and one can precisely enjoy what the stock has to offer in the upcoming trading sessions.   

FAVOURABLE TIMES AHEAD

ENGINEERS INDIA LTD.
BSE Code: 532178
CMP: ₹87.95

A Government of India enterprise, Engineers India Limited (EIL) works in the business of providing engineering solutions and consultation for various industrial sectors and applications. From hydrocarbons to chemicals and fertilisers, the company works under the huge foray of technological solutions. The stock has been in the limelight for the government’s push towards green hydrogen. Also, the company has inked a Memorandum of Understanding for collaborative technology development for the production of ammonia. The stock has hit a fresh 52-week high level amid strong buying interest from market participants. Here is a stock that offers immense potential.   

AGGRESSIVE ON THE EXPANSION FRONT

Hariom Pipe Industries
BSE Code: 543517 
CMP: ₹395.15

Hariom Pipe Industries Limited is a premium manufacturer of iron and steel products. In recent years it has evolved into an integrated steel manufacturer with a diverse product portfolio consisting of mild steel billets, pipes and tubes, hot rolled coils and scaffolding systems, which are used across multiple sectors. Since its debut on the bourses back in April 2022, the stock has generated over 75 per cent returns to its shareholders. The company has aggressive expansion plans and has recently entered into an asset transfer agreement to purchase a galvanised pipe and cold roll coil manufacturing unit. The company performance has been impressive and with aggressive expansion plans it appears unstoppable! Grab this one before it is too late.   

A DESSERT TO GRAB

VADILAL INDUSTRIES LTD.
BSE Code: 519156
CMP: ₹2881.20 

Vadilal Industries Ltd. is engaged in the manufacturing and distribution of ice-cream and processed food products. The company’s brand, popularly known as Vadilal’s, offers a range of ice-creams in various flavours and frozen desserts in the domestic market. In its recent consolidated earnings, the company reported 41.6 per cent jump in ₹267.04 crore in Q2FY23, while net profit soared two times to ₹27.34 crore with an improvement in margins. Interestingly, the stock has registered a breakout from its 64-week cup and handle pattern last week with above average volumes. Momentum is the key here and the stock holds the potential to be the most delicious in an investor’s portfolio.