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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 
 

CASTING FOR PROFIT 

Electrosteel Castings Ltd 
BSE Code: 500128 
CMP: ₹177.15 

Hello gossip mongers! In this earnings season, Electrosteel Castings Ltd has reached significant milestones, with revenues soaring to ₹7,580 crore. Surprisingly, the year also marked the highest-ever yearly EBITDA and PAT at ₹1,281 crore and ₹740 crore, respectively. That’s not all: there an amazing news for the shareholders as the company announced a dividend of ₹1.40 (140 per cent of face value), including an interim dividend of `0.50. Furthermore, the rumour among the investors suggests: The Jal Jeevan Mission (JJM) is a key initiative driving demand for water infrastructure. It is the government's flagship scheme, with a budget of ₹3.60 lakh crore. Keep your eye on this trending stock! 

CEMENTING STABLE GROWTH 

J K Cements Ltd 
BSE Code: 532644 
CMP: ₹3,917.05 

Gossip enthusiasts, there's a rumour circulating among investors: During the period between December 2023 and March 2024, FII's stake in the company increased from 15.25 per cent to 15.92 per cent. Well, that’s not all, the company has expanded its green power capacity by adding 28.3 MW of wind power and 25.5 MW of solar power during FY24, bringing the total green power capacity to 183 MW. Talking about the numbers the company’s bottom line for Q4FY24 amounted to ₹220 crore, indicating a robust 23 per cent increase from Q3FY24. Additionally, the Board has proposed a dividend plan of ₹15 per share, along with an additional special dividend of ₹5 per share. If everything falls in place the stock might witness a significant upward swing! 

PROFITS IN THE PIPELINE 

Finolex Industries Ltd 
BSE Code: 500940 
CMP: ₹301.25 

Continuing the momentum of positive outcomes, next in line we have: Finolex Industries Limited (FIL) stands out as a premier manufacturer of PVC Resin and holds the title of being India's largest producer of PVC Pipes & Fittings. The total income from operations grew by 8.27 per cent, reaching ₹1,235.42 crore compared to ₹1,141.06 crore in Q4FY23. Similarly, the net profit saw a modest rise of 1.95 per cent to ₹161.43 crore in Q4FY24. The whisper on Dalal Street suggests that there has been a surge in both the pipes and fittings segment and the PVC Resin segment, with increases of 22.98 per cent and 19.07 per cent, respectively. Investors to keep an eye on this buzzing stock. 

POSITIONED FOR RAPID ASCENT 

Salasar Techno Engineering Ltd 
BSE Code: 540642 
CMP: ₹19.97 

This multibagger stock below ₹30 is turning heads! Salasar Engineering Limited has evolved into a rapidly growing steel structure manufacturer and EPC infrastructure company. Recently, a JV between state-owned RVNL and Salasar Techno Engineering secured a transmission project valued at approximately ₹60 crore in the central African nation of Rwanda. This project was awarded by EDCL. Once again, the stock garnered attention for its acquisition of a new company, EMC Ltd, with a payment of ₹178 crore. If you don’t want to miss out on this trending stock, then hop on the bandwagon, as Salasar Techno Engineering is well-positioned for its rapid ascent in the coming times. 

(Closing price as of May 14, 2024)