STOCK SCAN

Garware-Wall Ropes manufactures and sells various products, such as ropes, twine, yarn, fishnet, nettings and technical textiles. The company’s segments include synthetic cordage, and fibre and industrial products & projects. Focusing on markets for new products introduced in the last few years, the company recorded increases in export sales volumes as well as profits. The company’s highly diversified portfolio hedges its bottom line against downturns in particular market segments, and provides multiple opportunities for targeted growth. Buy on declines for target of `2,000.

Punjab Chemicals and Crop Protection offers chemicals, and bulk drugs and intermediates. The company’s segments include chemicals, and bulk drugs and intermediates. The strategy adopted in the company for a long term tie up with Indian, International and MNCs through direct sales has started yielding results. The company has done financial restructuring of the loss making subsidiaries. Buy for target price of `1,000.

Aksh Optifibre is engaged in the manufacturing and selling of optical fiber, optical fiber cable; fiber reinforced plastic rods and impregnated glass roving reinforcement. It caters to both domestic and international markets. It also trades in telecom and electronic items. Buy for target price of `50.

Ester Industries is engaged in the business of manufacturing of polyester films, specialty polymers and engineering plastic compounds. The company operates through two segments: Polyester Film and Engineering Plastics. It manufactures engineering plastics under Estoplast. Buy for target of `80.