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 

A BREAKOUT TO SUCCESS 

Linde India Limited
BSE Code: 523457
CMP: ₹6,698.05 

Market enthusiasts! Linde India, a subsidiary of the UK-based BOC Group, specialises in manufacturing industrial and medical gases, as well as constructing cryogenic and non-cryogenic air separation plants. There was recent news of an acquisition where the company acquired a 23.96 per cent stake in Zenataris Renewable Energy for `41.09 crore. Interestingly, one of the famous chartists indicates: Linde India is currently on an upward trajectory, showing a strong and steady uptrend. The recent breakthrough above the `6,765 level on the daily chart indicates a significant breakout from the rounding bottom pattern. Keep an eye on this trending stock. 

SIGNIFICANT VERTICAL SWING 

Voltamp Transformers
BSE Code: 532757
CMP: ₹8,205.30 

The investors have caught a whiff of this Small-Cap Baroda-based company. It is mainly into manufacturing various types of oil-filled Power & Distribution Transformers of various classes. There is an interesting rumour circulating: Norges Bank, representing the Government Pension Fund Global has purchased 77,692 shares of the company at `8,201.54 each. That’s not all, Voltamp Transformers are expected to have a capex boom! New capital expenditure plans have been announced, aiming to expand the capacity to 14,000-MVA with a capacity utilisation factor of 90–95 per cent. 

A RESILIENT PERFORMER 

eClerx Services Ltd
BSE Code: 532927
CMP: ₹2,335.55 

eClerx Services Ltd specialises in offering Knowledge Process Outsourcing (KPO) services to global firms. They provide data management, analytics solutions, and process outsourcing services to a wide range of international clients through various locations in India and abroad. There has been a change in management recently. eClerx Services' US-based wholly-owned subsidiary, eClerx LLC, has appointed Manish Sharma as Chief Revenue Officer. The company has shown resilient financial performance: In the quarter that ended December 31, 2023, operating revenue stood at `752.8 crore, marking a YoY increase of 9.6 per cent from `686.7 crore and total revenue, reached `773.5 crore, reflecting a YoY increase of 9.8 per cent. Keep an eye on this one. 

HOP ON THIS BANDWAGON 

ABB India Limited
BSE Code: 500002
CMP: ₹5,629.85 

Attention gossipmongers! ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. The company’s solutions connect engineering know-how and software to optimise how things are manufactured, moved, powered and operated. There is an interesting rumour making rounds: The recent capital expenditure undertaken by ABB India underscores its direct impact on the order book within the electronics segment. Market sentiments suggest, there is a notable positive uptick in the electronics segment, signalling favourable conditions. If you don’t want to miss out on this trending stock, then hop on the bandwagon, as ABB India is well-positioned for its rapid ascent in the coming times.

(Closing price as of March 19, 2024)