Dalal Street Investment Journal – July 20, 2019

DSIJ.in JULY 22 - AUG 4, 2019 I DALAL STREET INVESTMENT JOURNAL (^127)
Kerbside
Formerly known
as Merck, the
company is one
of India’s largest
VMS companies
manufacturing and marketing over-
the-counter products, vitamins,
minerals, and supplements products
for a healthy lifestyle and improved
quality of life. If the murmurs on the
D-street are to be believed there is
some announcement due for the
stock in the coming weeks, which is
likely to set the stock on fire. Traders
and investors with a risk appetite
may accumulate this stock for smart
gains.
Life insurance stocks have performed exceptionally well in the
past two weeks in an otherwise subdued market. Out of the pack
of life insurance stocks, our sources suggest the stock of SBI Life
Insurance. The stock has recently clocked all-time high levels and
outperformed the market by surging over 30 per cent in the
current year and also seen good demand from the institutional
participants. As per the shareholding pattern data, the
institutional investors have increased their holdings by 7.14 per
cent in June 2019 quarter to 25.56 per cent. Also, one of the
broking firms is suggesting that there is plenty of steam left in
the stock. Hence, it’s an excellent stock to accumulate.
GOOD PROSPECTS
ALL TIME HIGHS
Procter & Gamble
Health
BSE Code: 500126
CMP: 4904 Dabur BSE Code: 500096 CMP:430.90
SBI Life Insurance
BSE Code: 540719
CMP: 764.35 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 DS (Closing price as of July 17, 2019) Dabur is one of India’s leading FMCG companies. As a leading brokerage firm, the stock of Dabur has provided a breakout on the chart along with a sizeable candle and the volumes recorded were higher than the 10-day average. Further, the stock is trading above its important short-term moving average i.e. 20-DMA. This indicates it is a good time to get into this stock with a strict stop loss and look for a decent upside in the short-term. The company is a niche player in the auto ancillary segment, catering to light and heavy commercial vehicles and off- highway vehicles. Bucking the slowdown in the automobile industry both in India and abroad, the company reported a healthy set of earning for the Q1FY20. Consolidated revenue from operations surged by 21.4 per cent to Rs 258.2 crore and the EBITDA soared 30.7 per cent to Rs 41.3 crore. Net profit jumped about 30 per cent YoY to Rs 18.18 crore. This robust performance by the company has grabbed the attention of the HNI’s and the dealers in the top broking firms have informed that the HNIs have started accumulating this stock. The stock could see a good-up move in the coming weeks. NICHE PLAYER GNA Axles BSE Code: 540124 CMP:265.05
BREAKOUT