This week, Chemical related themes were monitored as one of the top active pocket in the market. However, some individual stocks were also get very active this week. From them, i am discussing few stocks where one should take a look as they were actively traded last week.
India Glycol is a petrochemical company in india that manufactures glycols, ethoxylates and PEGs, performance chemicals, ethers and acetates, natural gums and potable alcohol. Not a pure play, but i think this stock is getting impact of huge buying in Chemical and fertiliser sector. Reasons may could be different but the kind of surge that stock has delivered in past few weeks, i think one should take a look on this stock. Moreover, i think stock may deliver good returs in short-term.
South India Bank
South Indian Bank is from banking sector having good presence in south area side of India. Still there is no major breakout in stock on technical charts after such a high activity observed in stock this week. However, i think stock may give major breakouts soon. For short-term, i think this stock can be a good bet on banking sector to hold in portfolio.
Jaiprakash Associate is a diversified company having businessess of Cement production, construction etc. Few weeks ago, stock was slipped from its highs of Rs.30 to Rs.16. But within a week, stock has now rose more than 20 percent from its lows. It was a great opportunity to grab JP Associate at lower levels. However, i don’t think it would give any great return in short-term unless some steps would be taken over ongoing concerns over Jaypee infratech and Jaiprakash Associate.
Gravita India is a manufacturer and exporter of led products in India. In past one year, stock has delivered a great return to its investors. At present levels, i don’t see any great upside from fundamental view. However going through technicals, i think stock may go to level of 200 in short-term.
Bhansali Engineering is one of the biggest manufacturer of ABS Polymer in india. Major quantity of this type of polymer is imported in india from outside which posses a great opportunity for domestic companies to grow. However, in past 6 months, stock has gave more than 300 percent return to its investors. I think this stock can be a good pick to bet on domestic polymer companies from both short-term and long-term view.
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