STOCK SCAN

Phillips Carbon Black, a part of RP-Sanjiv Goenka Group, is India’s largest and globally seventh largest carbon black producer. It provides a complete portfolio of products to meet the specific end requirements across Rubber, Plastics, Coatings, Inks and other niche industries globally. The company has redefined its business by establishing captive power plants at each factory from the offgas or waste product from the carbon black manufacturing process thus creating a sustainable green movement. PCBL is the first carbon black company in the world to receive carbon credits. Buy on declines for target price of `1000 in next few months.

Goodricke Group is engaged in the business of cultivation, manufacture and sale of tea. The company owns approximately 20 tea estates spread across West Bengal and Assam, and sells bulk tea both in domestic and international markets. Buoyancy in tea prices and good Q1 results make the stock good buy for medium term target of `375.

Igarashi Motors India is engaged in the business of auto components for automobiles. The company offers electric micro motors and motor components. It is engaged in the production and export of permanent magnet direct current motors for automotive sector. Almost 90 per cent of the business is derived from torque actuator motors. To mitigate risk the company is moving into non-automotive segments like applications of electric motors in furniture space and pumps which are for either appliances or for domestic areas and so on. Post merger of Agile, the company is expected to give selective bonus to minority shareholders. Buy on declines for target price of `1500.

C. Kutumba Rao is an avid follower of stock markets. This newspaper is not liable for decisions made on the basis of this column. Views expressed in the article are personal views of the writer.