Markets are likely to be extremely volatile next week given the US Fed Meeting of Sept 16 and Sept 17, which would decide on an interest rate hike in the US.
Here are stocks that brokers are recommending to buy from a medium to long term perspective.
The broking firm sees the new listing of the IDFC bank as a big positive for the stock going forward.
Sharekhan has recommended the Godrej Consumer stock with a price target of Rs 1380. The broking firm says that there could be a sustained strong performance in the domestic market and improving performance in the international markets.
"After the recent correction, the stock is currently trading at 27x its FY2017E earnings of Rs43.1," the research firm has said.
Emkay Global has a buy on P C Jeweller with a price target of Rs 480. The firm sees growth drivers drivers like store expansion, franchisee model, new products and online foray, though it admits that demand uptick would be essential.
Religare has placed a buy call on Eicher Motors with a price target of Rs 22,400.
"EIM continues to dominate the premium motorcycle market with its iconic Royal Enfield brand - we expect a robust 33% volume CAGR over CY14-FY18 as the business builds on its "cult" status and unassailable market position," the firm has stated in its research report.
ICICI Direct is bullish on Hindustan Unilever and has set a price target of Rs 1080 on the stock. "We expect that the stock will continue to command a premium over its peers. We estimate healthy sales growth & profitability growth of 11.1% & 12.9% CAGR respectively in FY15-17E. We value the stock at 40x its FY17E EPS of Rs 25.4 and arrive at a target price of Rs 1017/share with a BUY recommendation", says ICICI Direct research report.