STOCK SCAN

HBL Power Systems is engaged in the business of manufacturing batteries. The company’s segments include Batteries and Electronics. The company is world’s second largest manufacturer of Ni-Cd batteries and India’s second largest supplier of telecom batteries. It is the only Indian company to possess Pure Lead Tin (PLT) battery technology and approved for supply of batteries for varied defence applications HBL is at the cusp of a positive transformation that promises to grow business profitably over the medium term. Buy on declines for target price of `100.

Andhra Petrochemicals is the sole manufacturer of Oxo-Alcohols in India. The Oxo-Alcohols consist of the products viz., 2 Ethyl Hexanol, Normal Butanol and Iso Butanol. Its 2 Ethyl Hexanol has applications in plasticizers, stabilizers, solvents, acrylates and finishing compounds for ink. The company's plant is located in Visakhapatnam. After the turnaround in the last quarter, sales realisation is also expected to improve further over time, firstly on account of anti-dumping duties imposed on imports from certain countries and secondly fructifying company's efforts of bringing certain other countries and products in this fold. With these positive developments and the Propylene supply constraint from HPCL has been sorted out, the company's performance capability is expected to be good in next few quarters. Buy for medium term target price of `65.

AVT Natural Products is engaged in the production of Nutraceuticals grade products. The firm’s products/ services are Marigold Oleoresins, Spice Oleoresins and De-caffeinated Tea. It operates through the solvent extracted products segment. It engages in contract farming in which it provides farmers with seeds. Its postharvest processing centers are located across various locations in TN and Karnataka. Heightened interest in the company can be observed by the spike in volumes. Buy on declines for target price of `80 in medium term.