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

PIPING IN PROFITS 

WELSPUN CORP 
BSE Code: 532144 
CMP: ₹487.55 

Attention market enthusiast! The reigning champion in the Welspun Group's dynamic portfolio, Welspun Corp Limited is engaged in line pipes and home textiles. WCL extends its reach into diverse sectors, including infrastructure, warehousing, retail, advanced textiles, and flooring solutions. The buzz in the market suggests that the stock might be the new FII sweetheart, as they have raised their stake from 7.78 per cent to 9.42 per cent in the September quarter. Additionally, the company recently reported their Q2 performance, wherein the profit after tax (PAT) for Q2FY24 takes centre stage at Rs 385 crore, gracefully eclipsing the shadows of a Rs 57 crore loss in the same quarter last year. The stock might ignite a fresh spark in your portfolio. 

REACHING NEW HIGHS 

MAJESTIC AUTO 
BSE Code: 500267 
CMP: ₹259.10 

Dear gossipmonger! Majestic Auto is turning heads after opening with a gap up and hitting a whopping 20% upper circuit! And here's the juicy part: it witnessed robust trading activity, with its volume exceeding 4 lakh shares, surpassing the two-year average volume. The company operates in the business of delivering facility management and rental services. They recently declared their Q2 performance. In Q2FY24, the company reported notable growth in the top line, reaching Rs 40 crore with 233 per cent increase. Additionally, the bottom line for Q2FY24 amounted to Rs 23 crore, reflecting a substantial YoY growth of 475 per cent. Keep your eye on this buzzing stock. 

COMMENDABLE PERFORMER 

EMKAY GLOBAL FINANCIAL SERVICES 
BSE Code: 532737 
CMP: ₹97.60 

In this season of Q2 results, let's look at one such hidden gen under Rs 100. Emkay Global Financial Services Ltd operates in the realm of stock broking services, investment banking, depository participant services, and wealth management services. Registering a commendable performance, the net sales for the quarter reached Rs 70.54 crore, reflecting an impressive growth of 24.58 per cent compared to Rs 56.62 crore in the same quarter last year. In sync with this positive trajectory, the profit after tax (PAT) jumped by an impressive 51.47 per cent, reaching Rs 51.47 crore in Q2FY24. Market aficionados get ready to hop on this bandwagon! 

READY TO TAKE OFF 

HAL B
SE Code: 541154 
CMP: ₹2058.30 



Hindustan Aeronautics is a major player in aircraft and helicopter manufacturing. The President of India holds a whopping 71.64 per cent ownership stake. The rumour on Dalal Street suggests that the company has joined forces with Safran Helicopter Engines to birth Safhal Helicopter Engines, a powerhouse in the helicopter engine business. The company has also recently, sealed the deal with Safran for commercial engine production, and the green light for 12 Su-30MKI aircraft purchase and avionics upgrades. If everything falls in place the stock might witness a significant vertical surge. It will be wise to lock in the deal before it's too late.

(Closing price as of November 10, 2023)