Kerbside

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

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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.

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 


FOR SUSTAINABLE GROWTH 

Servotech Power System 
NSE Code: SERVOTECH 
CMP: ₹97.99 


Gossip enthusiasts! Servotech Power System Limited has experienced an upward rally over the past month, and rumours on Dalal Street suggest that this rally is likely to continue. Furthermore, the company made headlines for its collaboration with the National Solar Energy Federation of India (NSEFI). Together, they inaugurated Delhi's first gridconnected Solar-Powered EV Charging Carport. This pilot project, located at the Hauz Khas Village parking station, represents a significant step forward in sustainable energy and electric vehicle infrastructure. Keep an eye on this buzzing stock! 


HIGH-FLYING RETURNS 

Interglobe Aviation 
BSE Code: 539448 
CMP: ₹4,302.65 

Interglobe Aviation Limited, widely recognised as Indigo, stands as India's largest passenger airline, operating on a low-cost carrier model. The word on D-street suggests: Southeast Airlines has appointed Rakesh Gangwal, a veteran of the airline industry, to its board. This move comes as the U.S. budget carrier faces increasing pressure from activist Elliott to take defensive measures. Gangwal, who co-founded Indigo, has also served on the board of US Airways Group. Elliott is known for advocating for increased shareholder returns. Investors to keep an eye on this stock! 
 

STITCHING PROFITS 

Vishal Fabrics Ltd 
BSE Code: 538598 
CMP: ₹25.00 

This stock priced below ₹50 has been turning heads lately! This hidden gem has rallied over 26 per cent in the past one month. Vishal Fabrics Limited manufactures and sells a variety of textile products including dyed yarn, and denim fabrics, and provides job work for textile products. Sources indicate that the upcoming budget may include significant announcements for the textile sector, which could boost the price of textile stocks. If you don’t want to miss out on this trending stock, then hop on the bandwagon, as Vishal Fabrics is well-positioned for its rapid ascent in the coming times. 
 

SOLID INVESTMENT CHOICE 

Tata Steel Ltd 
BSE Code: 500470 
CMP: ₹171.80
 

The flagship company: Tata Steel has reported its production and delivery volumes. India's crude steel production reached 5.25 million tons, marking a 5 per cent year-over-year increase. However, production was lower compared to the previous quarter due to planned maintenance shutdowns. Here is the scoop: India deliveries were at 4.94 million tons, achieving the 'best ever first quarter' sales. Deliveries increased by 3 per cent YoY basis, driven by a rise in domestic deliveries. Investors to keep a tab on this trending stock! 

(Closing price as of July 09, 2024)