NBCC, UPL, KPR Mills & SRF: 4 stock picks from SMC Global for short-term gains
SMC Global said that NBCC (India) has been trading lower as prices are seen drifting below its 200 days exponential moving average on daily charts, since past few months.
- Feb 3, 2025,
- Updated Feb 3, 2025 1:14 PM IST
Amid the rising selling pressure in the Indian equity markets, domestic brokerage firm SMC Global Securities has suggested four stocks- NBCC (India) Ltd, UPL Ltd, SRF Ltd and KPR Mill Ltd- to bet amid the scarce opportunities to make money. The brokerage has picked the former two based on their strong technical charts, while the latter two appear to be strong based on their sound fundamentals. Here's what the brokerage has to say about these counters:
SRF in a chemical player engaged in manufacturing of industrial and specialty intermediates. Its diversified business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. It has applied for a total of 469 patents and has been granted 151 patents globally as of December 31, 2024. It anticipates robust agrochemical demand, marking a significant improvement over Q3, while its product pipeline remains strong. The fluorochemicals segment is set to perform better, driven by higher hydrofluorocarbon volumes. However, rising input costs and global economic uncertainties posed some challenges. Despite these headwinds, SRF maintained a strong balance sheet, and the outlook remains positive due to sustained demand and expansion plans in emerging markets. Thus, it is expected that the stock may see a price target of Rs 3,252 in 8 to 10 months.
Amid the rising selling pressure in the Indian equity markets, domestic brokerage firm SMC Global Securities has suggested four stocks- NBCC (India) Ltd, UPL Ltd, SRF Ltd and KPR Mill Ltd- to bet amid the scarce opportunities to make money. The brokerage has picked the former two based on their strong technical charts, while the latter two appear to be strong based on their sound fundamentals. Here's what the brokerage has to say about these counters:
SRF in a chemical player engaged in manufacturing of industrial and specialty intermediates. Its diversified business portfolio covers fluorochemicals, specialty chemicals, packaging films, technical textiles, coated and laminated fabrics. It has applied for a total of 469 patents and has been granted 151 patents globally as of December 31, 2024. It anticipates robust agrochemical demand, marking a significant improvement over Q3, while its product pipeline remains strong. The fluorochemicals segment is set to perform better, driven by higher hydrofluorocarbon volumes. However, rising input costs and global economic uncertainties posed some challenges. Despite these headwinds, SRF maintained a strong balance sheet, and the outlook remains positive due to sustained demand and expansion plans in emerging markets. Thus, it is expected that the stock may see a price target of Rs 3,252 in 8 to 10 months.