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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   

A REMEDY FOR PROFIT

   

Indoco Remedies
BSE Code: 532612
CMP: ₹356.80 

Pharma stocks have recently been the talk of the town with all the contemporary innovations and developments. Gossipmongers are swirling around Indoco Remedies in the market. It appears that this drug stock has ignited buzz among market enthusiasts. The company just dropped three new products! Namely: Ninaf, Ladyboon and Fedris. But the juiciest part is that Indoco is expanding its horizon: They've jumped into a Share Purchase and Shareholder's Agreement, for a 26 per cent stake in two companies – Kanakal Wind Energy Private Limited and Jalansar Wind Energy Private Limited. They are in talks about setting up solar power plants in Akkalkot, Solapur District, Maharashtra. Given these exciting developments, insiders are buzzing about a significant boost in the stock price.   
 

FESTIVE READY FOR THIS ONE 

Muthoot Capital Services
BSE Code: 511766
CMP: ₹424.45 

Attention gossip enthusiasts! NBFC is backed by Muthoot Pappachan Group, a well-known name for vehicle loans. In Q4 FY23, the company reported a net profit of ₹25.6 crore, marking an impressive growth spurt of 29.95 per cent compared to the previous year. Here is the Soop: whisper in the market says FII's have supposedly increased their ownership in the company from 0.61 per cent to 0.97 per cent, and the promoters are said to be raising their stakes from 1.49 per cent to 1.83 per cent in the same quarter. With the festive season around the corner, the company’s stock prices might skyrocket. Keep an eye on this one! 
 

STUMPS FLYING, VICTORY IS SEALED 

KEI Industries Ltd
BSE Code: 517569
CMP: ₹2626.75 

KEI Industries Limited manufactures wires and cables. They have recently clinched a three-year deal as the principal partner for RCB in the IPL. Now here is the interesting bit: the company's expansion plans are in full swing! Phase one has already been completed, and phase two in Silvassa is towards completion by September. The whispers on the d-street suggest that They're splurging on expansions in Bhiwadi and Gujarat, with investments in land, machinery, and swanky new buildings, totalling ₹300 crore for this year alone. If everything falls in place the stock might witness a significant upswing. 
 

PERFECT SHADE FOR YOUR PORTFOLIO

   

Asahi Songwon Colors
BSE Code: 532853
CMP: ₹268.90 

Stepping into the colourful pigments, the company has teamed up with the UK's, Tennants Textiles Colours Limited (TTC). It plans to create Azo pigments, featuring shades of red, yellow, and orange. Asahi Songwon Colors recently made a 78 per cent acquisition in Atlas Life Sciences Private Limited. Rumour has it that the company has established a new plant in Chattral. These intriguing developments have captured investors' attention. If you are looking to hop on this exciting bandwagon, it might be wise to make a move before it's too late.