The Sensex and the Nifty have retreated from the 27,000 levels and there has been a slight consolidation. There's still opportunity to make money from stocks. Here are 7 hot stock tips that brokerages say are a good buy. These shares to buy are based on a medium to long term perspective and here are some share tips.
Angel Broking bullish
Angel Broking is bullish on JK Tyres. The firm sees good annual growth at around 9 per cent for the company. The firm says that the target multiple is at a discount to Apollo Tyres. It has set a target price of Rs 461 on the stock. J K Tyres closed at Rs 412 on the National Stock Exchange on Sept 17. This is not among the intraday tips and is a long term buy.
Emkay Global bullish
Emkay Global is bullish on Neuland Labs. The firm believes that the inexpensive and compelling valuations make it a strong re-rating candidate; it can generate very strong returns in two years, the firm believes. Among the top stocks from Emkay.
First Call Research Bullish
Firstcall Research is bullish on JMC projects. The firm sees a target of Rs 180 on the stock. "On the basis of EV/EBITDA, the stock trades at 4.82 x for FY15E and 4.47 x for FY16E. Price to Book Value of the stock is expected to be at 0.87 x and 0.81 x respectively for FY15E and FY16E. We recommend ‘BUY' in this particular scrip with a target price of Rs. 181.00 for Medium to Long term investment," says Firstcall Research report.
Emkay sets target of Rs 288
Emkay global is bullish on Sadhbhav Engineering. The firm has set a price target of Rs 288 on the stock. The company sees margin expansion and completion of various projects as a trigger for the stock going forward.
Sharekhan puts buy on Lupin
Sharekhan has put a buy call on Lupin Labs. "We estimate EPS of Rs75.6 for the period. We roll over the stock's valuation to FY2017E earnings to set a new price target of Rs1,512 (which implies 20x FY2017E EPS) and maintain a Buy rating on the stock," says Sharekhan research report.
Ventura is bullish on Mangalam Cement. The firm believes that any announcement of further capacity expansion and a higher than expected pick-up in growth and margins are upside triggers to our target price. The firm has set a price target of Rs 384 on the stock.
Kotak sets target of Rs 2250 on Kansai
Kotak is bullish on Kansai Nerolac and has set a target of Rs 2250 on the stock.