STOCK SCAN

■ Thirumalai Chemicals Limited is engaged in manufacturing and selling chemicals. The company’s segments include chemical products and power generation from wind operated generators. The food ingredients and fine chemicals businesses have a strong International presence in over 30 countries for the last 25 years. A first phase expansion of these units was completed recently, and has reached full capacity. Further increases are under execution this year. Its Malaysia-based subsidiary Optimistic Organic Sdn Bhd has completed its Maleic Anhydride expansion. A good visibility of earnings and strong fundamentals make the company a good buy for target price of `3,500 in medium term.

■ Enkei Wheels (India) Ltd is engaged in the auto parts and equipment industry. Its operations include the manufacturing of aluminum alloy castings wheels mainly used in automobile industry in India. It holds the No.1 position for OEM supplier in the hybrid industry producing 2W & 4W aluminum alloy wheels of India. It has set clear targets in numbers for next couple of years. Buy on declines for medium term target price of `650.

■ Crompton Greaves Consumer Electricals Ltd manufactures and markets a range of consumer products. The Company’s main products/services include lighting products (luminaries and light sources) and electrical consumer durables (fan and appliances and pumps). The company has also developed exclusive online brand outlets on multiple e-commerce sites. Last year the company launched its own online brand store. This is part of effort to create an omni-channel approach for customers. Buy the stock for a target price of `350 in the medium term.