Kerbside

Ninad RamdasiCategories: DSIJ_Magazine_Web, DSIJMagazine_App, Informed Intelligence, Kerbside, Regular Columnsjoin us on whatsappfollow us on googleprefered on google

Kerbside

Attention gossipmongers! Making headlines in the construction industry is none other than PNC Infratech.

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 
 

ELEVATING YOUR PROFITS 

PNC Infratech 
BSE Code: 539150 
CMP: ₹466.40 

Attention gossipmongers! Making headlines in the construction industry is none other than PNC Infratech. It is the leading infrastructure development and construction company in India. They specialise in various projects such as highways, bridges, flyovers, power transmission lines, airport runways, and industrial area development. The whisper among the market players suggests that PNC Infratech has secured a significant order worth Rs 699 crore to build a 4-lane elevated flyover in Madhya Pradesh. Insiders say: This move will strengthen its position in the market. Additionally, Care Ratings has reaffirmed its credit rating on the company's long-term bank facilities. Keep an eye on this one! 


POWERING YOUR PORTFOLIO 

KEI Industries Ltd 
BSE Code: 517569 
CMP: ₹3,381.85 

This multibagger has grabbed the attention of market players! KEI Industries Ltd is engaged in the manufacturing of a diverse range of wires and cables. Gossip suggests that the company may be gearing up to announce an interim dividend. This news has sparked excitement among shareholders and potential investors indicating the company's strong financial position. If you don’t want to miss out on this trending stock, then hop on the bandwagon, as KEI Industries is wellpositioned for its vertical upswing in the coming times. 


UPSIDE POTENTIAL ON THE HORIZON 

National Aluminium Co. Ltd. 
BSE Code: 532234 
CMP: ₹166.10 

NALCO is a Navaratna company under the Ministry of Mines, renowned as one of India's largest integrated Bauxite-Alumina-AluminiumPower Complexes. Analysing the charts; the stock has broken through its long-standing resistance at Rs 134 on the monthly chart, signalling a strong resurgence in bullish momentum. This breakout is backed by significant trading volumes, indicating heightened investor participation. Furthermore, the stock finds robust support from its 20, 50, 100, and 200-day SMA, reaffirming the bullish trend. That’s not all: Recently, four executives were promoted to the position of Executive Director within the company, this could stir up the stock price in investors favour! 


LEADER OF THE PACK 

Captain Pipes Ltd 
BSE Code: 538817 
CMP: ₹17.02 

Gossip enthusiasts are buzzing with excitement over the latest news about Captain Pipes! It is in the business of manufacturing and selling UPVC pipes and fittings. Interestingly, the company is planning to set up a greenfield manufacturing plant in Ahmedabad. The total land acquired, which is more than six times the size of the existing plant in Rajkot, provides ample room for future expansion. The scoop is; aligned with India's Jal Jeevan Mission, boosting rural empowerment and a hike in government spending in the pipes sector signals strong growth ahead. Investors are slowly catching the whiff of this pick. Keep this buzzing penny stock on your radar!

(Closing price as of March 05, 2024)