What stocks are brokerages recommending?

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Markets are headed higher following hopes of a US debt deal agreement. Take a look at some stock ideas by leading brokerages and equity research firms in the country.

Infosys

Sushil Finance has put a hold rating on Infosys, with a price target of Rs 3515.

"Considering its Q2FY14 performance and business outlook, we have slightly upgraded our FY14E & FY15E INR Revenue & earnings estimates. Going forward, we expect its FY14E & FY15E Revenues to grow by 25.8 percent & 15.1 percent respectively, while expect its APAT to grow by 10.9 percent in FY14E & by 10 percent in FY15E. We also increase the valuation multiple to 17.5x its FY15E earnings (its historical average forward P/E). The CMP of Rs.3,274 discounts its FY14E & FY15E Earnings of Rs.182.6 & Rs.200.8 by 17.9x & 16.3x respectively. We maintain our 'HOLD' rating on the stock with increased price target of Rs 3,515," says Sushil Finance.

Maruti Suzuki

Ventura Securities is betting on Maruti with a price target of Rs 1664 in its research report.

"We are particularly enthused by the fact that MSIL over the last two years, despite challenging times like the Manesar plant lock out and intense competition across segments, has been able to maintain market share across all segments. We strongly believe that when the auto revival resumes MSIL would be best placed to benefit from this."

"We initiate coverage on Maruti Suzuki India Ltd (MSIL) as a BUY with a Price Objective of Rs.1,664. At the CMP of Rs.1,380, the stock is trading at 15.3x and 12.4x its estimated earnings for FY14E & FY15E respectively, representing a potential upside of ~21% over a period of 18 months," says Ventura Securities research report.

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