Heightened interest in seed companies and the pedigree of its parent has sparked renewed buying in Advanta. Advanta CMP 564 is the first Indian multinational seed company with global footprint. The company has leadership position in many crops such as Sunflower, Rice, Mustard and vegetables. Buy at current levels for a target price of Rs 700.
Over the years, Punjab Chemicals CMP 181 has transformed itself into a leading agrotechnicals, phosphorus derivatives and agro-formulations player. The company has significant pharma division and produce a variety of APIs. Buy at current levels for target price of Rs 275.
With auto ancillaries attracting good buyer interest, closely held companies such as MM Forgings CMP 64 are likely to jump on modest buying also. MM Forgings is one of the leaders in industrial forgings and has created a niche in the international markets also. Look out for niche auto ancillaries.
Sharp rise in calcinated coke and carbon prices triggered buying in Rain Commodities CMP 224 and Goa Carbon CMP 111. Buy on declines for further gains from current levels.
Markets are showing heightened interest in energy efficient and pollution reduction equipment manufacturers such as Thermax. After restructuring, Thermax CMP 585 has become a lean companies and its operating margins are on the rise. Buy at current levels for a four figure target in one year’s time.
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