Markets have rallied significantly in the last few months and the Sensex is near its lifetime high. One has to buy selectively into stocks as markets have run up too fast. Here are a select list of stocks that brokerages are bullish on.
Exide is a top player in the battery business, catering to a wide variety of battery needs. The stock is currently traded at Rs 181. Bank of America Merrill Lynch has set a price target of Rs 185 on the stock. Exide Industries is India's Number one battery maker.
IndusInd Bank is among the reputed private sector banks in the country. Deutsche Bank has recommended the stock with a price target of Rs 835. the stock is currently trading t Rs 785 on the National Stock Exchange.
Barclays has put a "buy" call on Page Industries. The stock is currently trading at Rs 10,149. The form has set a target of Rs 10,954 on the stock. Page Industries are the exclusive licensees of JOCKEY International Inc. (USA) for manufacture and distribution of the JOCKEY brand in India.
Credit Suisse is bullish on Maruti and has set a target of Rs 4000 on the stock. The current price of the stock is Rs 3393. Maruti is the largest passenger car maker in India.