9 hot stocks in India that brokerages are recommending to buy

Posted By:
Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The Sensex and the Nifty are once again trading close to their lifetime highs. The Sensex this week crossed the 26,000 points mark once again. Here are 9 stocks that brokerages are recommending to buy.

    Gabriel India

    Brokerage firm Sharekhan has put a "buy" call on Gabriel India with a price target of Rs 64. "Gabriel will continue to deliver a strong financial performance (on revenue and profitability fronts) with a continued traction in the two-wheeler business and an improving outlook for the CV and PV segments. In addition, the constant effort to de-leverage the balance sheet would boost the return ratios. Hence, we maintain our Buy rating on the stock with a revised price target of Rs 64 (vs Rs 56 earlier)," says a Sharekhan research report.

    Chennai Petroleum

    Kotak Securities has recommended buying the stock of Chennai petroleum. "The Company is planning to raise funds through rights issue. We believe this will help the Company to lower its debt levels and meet its expansion plans," says Kotak Securities research report.

    Control Print

    Sunidhi Securities has placed a buy rating on Control Print with a price target of Rs 194. The firm sees good valuations and the ability to maintain margins, while increasing market share as positives for the stock going forward.

    State Bank of India

    Sharekhan has put a buy call on State Bank of India with a price target of Rs 3100. "We expect its earnings to grow at a CAGR of 25% (over FY2014-16) resulting in an RoA of about 0.8%," the firm has stated in its research report. It sees better performance from the bank going forward.

    Tube Investments of India

    Firstcall Research has recommended buying Tube Investments of India. "On the basis of EV/EBITDA, the stock trades at 15.35 x for FY15E and 14.79 x for FY16E. Price to Book Value of the stock is expected to be at 2.19 x and 1.87 x respectively for FY15E and FY16E. We recommend ‘BUY' in this particular scrip with a target price of Rs.308.00 for Medium to Long term investment," says Firstcall Research report.



    Kotak Securities has recommended buying the stock of MRPL. "Based on EV/EBIDTA multiple valuation method, the fair value of MRPL is Rs. 71 (earlier Rs.79/share) and we recommend Accumulate (earlier BUY). We recommend long term investors to accumulate the stock at lower levels," says Kotak Securities research report.


    AllCargo Logistics

    Kotal Securities has recommended buying the stock of AllCargo Logistics with a target price of Rs 295. Stable performance of the CFS dIvision and recovery in global trade would help the company, Kotak has said.

    Tata Motors

    Arihant Capital has recommended buying the stock of Tata Motors. "We recommend to "Accumulate" with a target price of Rs 563," says Arihant capital markets research report, citing strong valuations for subsidiaries of the company.

    Orbit Exports

    Firstcall research has put a buy call on Orbit with a target price of Rs 243. "At the current market price of Rs. 199.00, the stock P/E ratio is at 12.06 x FY15E and 10.47 x FY16E respectively. Earning per share (EPS) of the company for the earnings for FY15E and FY16E is seen at Rs 16.50 and Rs 19.01 respectively," the firm has said in its research report.

    Story first published: Saturday, August 16, 2014, 9:50 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more