G Chokkalingam of Equinomics Research & Advisory expects a resumption of bull run. He says 8-10 per cent deficiency in monsoons should not be a big worry. Mr Chokkalingam expects the bull run in the markets to continue and sees a turnaround in industrial economy before December, which in turn would give a strong upside to the markets.
Buy JK Tyre & Industries, MRF: In tyre stocks, another 10-20 per cent upside is very much possible because in the last couple of weeks natural rubber prices have fallen by Rs 8,000 per tonne. I believe it can fall further and oil prices are also likely to be subdued because of Iran deal and global slowdown. So, both would be beneficial for the tyre stocks so I see minimum 10-15 per cent upside in tyre stocks from here.
Buy Genus Power: I'm quite bullish on Genus (Power) though it has moved up 10-15 per cent. From 52-week high of Rs 37, it is now substantially lower and I believe the smart city project, housing for all, etc. -- these will be long-term triggers for the stock. It's a great company with great balance sheet. Long-term debt is only 3 per cent of the total capital employed. It's a leader of the electricity meters and last two quarters it has posted a very decent, quite impressive result actually. So I believe that even June results should be good.
Buy South Indian Bank: The results were little disappointing but for medium to long-term I would still buy around Rs 23.
Buy Coromandel International: I would add new stocks like Coromandel International which is very close to its 52-week low. The states where it supplies has received good rainfall. This stock I believe can give very good returns.
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