SBI, Kalpataru Projects, Astra Micro among 4 stock picks by SMC Global
SMC Global said that SBI has recently staged a strong rebound after marking its 52 week low and once again caught up a fresh bullish momentum above its 200-DEMA on daily charts.
- Apr 21, 2025,
- Updated Apr 21, 2025 9:47 AM IST
Amid the volatility in the Indian stock markets, domestic brokerage firm SMC Global Securities has suggested four stocks- State Bank of India (SBI), Astra Microwave Products, Kalpataru Projects International and Paradeep Phosphates- 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 robust based on their sound fundamentals. Here's what the brokerage has to say about these counters:
Paradeep Phosphates is a leading player in India's phosphatic fertilizer industry, with a total production capacity of 3 million metric tonnes (MMT), including 2.6 MMT of phosphates and 0.4 MMT of urea. Its two manufacturing units in Paradeep, Odisha (1.8 MMT), and Zuarinagar, Goa (1.2 MMT), produce a wide range of fertilizers, including DAP and various NPK grades, as well as urea. PPL caters to over 9 million farmers through 70,000 retail points across 15 Indian states and supplies industrial products such as gypsum, HFSA, sulphuric acid, and ammonia. It has efficient raw material sourcing, strong backward integration, diverse product mix, extensive distribution network and deep rooted relationships with channel partners and farmers. Paradeep is well-positioned for sustained growth with new capacity addition and market penetration post-merger. Looking ahead, it remains focused on optimizing its fertilizer mix, managing the raw material price fluctuations and driving operational excellence. The stock may see a price target of Rs 172 in 8 to 10 months.
Amid the volatility in the Indian stock markets, domestic brokerage firm SMC Global Securities has suggested four stocks- State Bank of India (SBI), Astra Microwave Products, Kalpataru Projects International and Paradeep Phosphates- 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 robust based on their sound fundamentals. Here's what the brokerage has to say about these counters:
Paradeep Phosphates is a leading player in India's phosphatic fertilizer industry, with a total production capacity of 3 million metric tonnes (MMT), including 2.6 MMT of phosphates and 0.4 MMT of urea. Its two manufacturing units in Paradeep, Odisha (1.8 MMT), and Zuarinagar, Goa (1.2 MMT), produce a wide range of fertilizers, including DAP and various NPK grades, as well as urea. PPL caters to over 9 million farmers through 70,000 retail points across 15 Indian states and supplies industrial products such as gypsum, HFSA, sulphuric acid, and ammonia. It has efficient raw material sourcing, strong backward integration, diverse product mix, extensive distribution network and deep rooted relationships with channel partners and farmers. Paradeep is well-positioned for sustained growth with new capacity addition and market penetration post-merger. Looking ahead, it remains focused on optimizing its fertilizer mix, managing the raw material price fluctuations and driving operational excellence. The stock may see a price target of Rs 172 in 8 to 10 months.