Recommendation from Dyes & Pigments and Construction - Residential & Commercial Complexes Sectors

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.

SUDARSHAN CHEMICAL INDUSTRIES LTD
CMP - ₹1,053.50
BSE CODE 506655
Volume 36,120
Face Value ₹2
Target ₹1,142 - ₹1,164
Stoploss ₹983(CLS)

S udarshan Chemical Industries, India's largest pigment producer, is a renowned global supplier of high-quality pigments. The company exports to more than 85 countries worldwide, solidifying its global presence. FY24 has been a landmark year for its pigment segment, achieving the highest-ever operational revenue and EBITDA. India is poised for robust and sustainable growth in pigment manufacturing, driven by significant export potential. Sudarshan Chemical Industries estimates the global colour pigments market to be valued at USD 10 billion, with opportunities worth USD 8.6 billion accessible to the company. Positioned to expand its market share across various applications, Sudarshan anticipates strong growth in its coatings, inks, plastics, and cosmetics segments. Shares of Sudarshan Chemical Industries Ltd have soared 118 per cent over the past year and have recently experienced a strong technical breakout, signalling continued upward momentum. Considering its promising upside potential, we recommend BUY.

Hazoor Multi Projects Ltd
CMP - ₹575.95
BSE CODE 532467
Volume 58,360 
Face Value ₹10
Target ₹624 - ₹636
Stoploss ₹538 (CLS)

Hazoor Multi Projects Ltd operates in the infrastructure development sector as an EPC contracting company. It serves as a sub-contractor for the execution of various national highway projects awarded by government bodies such as the Maharashtra State Road Development Corporation Ltd and the National Highways Authority of India. The company recently gained attention due to its merger plans and newly awarded contracts from the National Highways Authority of India. The company secured work orders worth ₹17.94 crore in Tamil Nadu and ₹2.59 crore in Karnataka.In a recent board meeting, the company considered the approval of the merger with ‘Square Port Shipyard Private Limited’ to combine the strengths and synergies of both businesses, aiming for enhanced value for all stakeholders, subject to necessary approvals. Shares of Hazoor Multi Projects Ltd have climbed more than 50 per cent in the past month, and with a 52-week high of ₹639, the stock demonstrates significant upside potential. Therefore, we recommend BUY.