STOCK SCAN

Oriental Hotels is engaged in the business of hoteliering, including accommodation, restaurants and catering services. It offers rooms, food and beverages, and allied services relating to hotel operations. The company’s subsidiary is OHL International (HK), which is located in Hong Kong. Recent initiatives like the easier e-visa regime, Swachh Bharat Abhiyan, Make in India and other measures are expected to build a positive global image for the country and will thus have a long term impact for the industry. Reports suggest very strong buoyancy in room occupancy; and with no significant addition of new properties across the country, existing hotel companies are expected to report strong earnings in next few quarters. Buy for target price of `90.

Jindal Saw manufactures and supplies iron and steel pipe products, fittings and accessories with various manufacturing facilities in various countries, including India, the US, Europe and the UAE. The company is also poised to be a high quality player in the growing coating services industry with established capacity. Buy on declines for target price of `150.

Pioneer Distilleries is a subsidiary of United Spirits (USL) In 2011-12, USL acquired PDL and is presently holding 75 per cent shareholding in the company. The company’s business activity falls within a single primary business segment i.e., Potable Alcohol and related products. All facilities are supported by state of the art pollution control equipment to ensure zero pollution. Turnaround performance and rumors of open offer for delisting may trigger spike in the company’s stock price, say insiders. Buy for medium term target of `450.