13 Stocks Recommended As Buy From Top Brokerage Houses This Week

It's been a good week for the markets, with the Sensex making a new record high of 65,558 points, which was a historic peak. Investors now continue to look for value and here is where it maybe difficult as markets have hit new records.

Here are a list of 13 stocks that top brokerage houses recommended as a buy this week.

Stock	Brokerage firm	Target price
Fortis Healthcare	Prabhudas Lilladher	Rs365
Jindal Steel & Power	Motilal Oswal	Rs 720
Infosys	Motilal Oswal	Rs 1520
Chalat Hotels	Anand Rathi	Rs 520
Bharat Forge (technical)	Prabhudas Lilladher	Rs 935
Tube Investments	Motilal Oswal	Rs 3560
Mahindra Logistics (technical)	Prabhudas Lilladher	Rs 450
Blue Dart	Motilal Oswal	Rs 8040
Macrotech Developers	Motilal OSWAL	Rs 775
Bharat Petroleum	HDFC Securities	Rs 442

Sensex hits new record highs

The Sensex this week hit a new record high, though it gave-up all gains later during the week. According to Gaurav Dua, Senior Vice President, Head - Capital Market Strategy, Sharekhan by BNP Paribas, "The market rally has been driven by a global surge in equity markets, with Indian equities leading the way. The liquidity injections by the US Federal Reserve and ECB to contain the banking crisis have triggered the rally. India's resilience and strong corporate earnings have outperformed most developed markets, attracting positive foreign inflows. Unlike previous rallies, there is no euphoria this time, as retail investors are cautious and have preferred to secure profits rather than chase momentum. With the Nifty consolidating in a 2000-point range and healthy corporate earnings, the rally is expected to continue in the short term, while the Indian economy's multi-year upcycle suggests healthy gains in the next 3-5 years."

Disclaimer

The stocks have been picked from the brokerage report of several brokerage houses. This is not a recommendation from the author neither from Greynium Information Technologies. The brokerage firm, the author and Greynium Information would not be responsible for losses if investors chose to buy, sell or hold based on a decision from the article. Please consult a professional advisor.