STOCK SCAN

■ Goa Carbon is one of the leading company’s engaged in the business of Calcined Petroleum Coke (CPC). CPC is used as a primary source of Carbon by Aluminum, Steel and Titanium dioxide industries. There is a direct relationship between the progress and growth of CPC industries with the progress and growth of Aluminium and Steel industries. The company’s calcination plant of approximately 75,000 tons per annum capacity is located in southern Goa. The Company also has two other plants, at Bilaspur in Chattisgarh and at Paradeep. Buy on declines for target price of `1,350.

■ Persistent Systems is engaged in the business of building software products. The company offers complete product life cycle services. The company’s segments include infrastructure and systems, telecom and wireless, life science and healthcare, and financial services. It has presence in North America, Europe and Rest of the World. With renewed focus on emerging technologies like IoT, Genomics, Machine Learning, Blockchain and Cyber Security, the company is well poised to report fast growth in few quarters. Buy for target price of `1,250.

■ Nelcast is engaged in the business of manufacture and sale of iron castings. The company is a supplier of ductile iron castings and grey iron castings. It manufactures parts that are used in various applications in automobiles, such as the engine, transmission, suspension, axle, brake and steering. The company has got excellent potential for growth, both in domestic and export markets and intends to expand its product base, to cater to other segments such as the off-highway vehicles, passenger cars and the railways. Buy for target price of `175.