3 Stocks That Top Brokerages Are Betting On

Published: Saturday, September 26, 2015, 7:30 [IST]

Markets are heading into next week with more volatility expected following the RBI Monetary policy. Shares have dipped this week and analysts are finding it difficult to determine the trend of the market. The Sensex has shed almost 14 per cent since hitting 52-week highs of 30,000 earlier in March.

3 Stocks That Top Brokerages Are Betting On

Here are 3 shares that top brokerages in the country are recommending investors to buy.

1) Monte Carlo Fashions

Broking firm Karvy sees as upside on the stock of Monet Carlo with a price target of Rs 516. The broking firm says that the stock is trading at a p/e of just 14.8x and 12.3x FY16E & FY17E P/E. It sees better prospects with expansion, product mix and robust business model. The firm has set a price target of Rs 516 on the stock.

Shares of Monte Carlo closed at Rs 436 on the National Stock Exchange.

2) Salzer Electronics

Firstcall Research has recommended buying the stock of Salzer Electronics. The research firm believes that the company has a solid R&D team that focuses on developing and commercializing the technologies of the products, and as a result, can offer total customized electrical solutions to its customers.

"At the current market price of Rs 223.60, the stock P/E ratio is at 13.90 x FY16E and 12.34 x FY17E respectively," the firm has said in its research report. The Salzer shares closed at Rs 223 on the Bombay Stock Exchange.

Wonder La Holidays

Edelweiss has recommended buying the stock of Wonder La Holidays with a price target of Rs 360. "The uptick in the urban recovery and strong consumer confidence (Nielsen Consumer Confidence index at 17 quarter high) signals recovery in H2FY16 which pans out well for Wonderla. We maintain our target EV/EBITDA multiple of 15.0x FY17E to arrive at a target price of INR360. We maintain ‘BUY/Sector Performer'" the firm has in its research report.