Markets have had a flat week once again. However, brokers see selective buying into good quality names as a strategy to counter any fall in the markets. Here are 6 stocks being recommended by some of the broking houses in the country.
1) Intellect design Arena
GEPL Capital has placed a buy rating on Intellect Design Arena. GEPL capital believes that the company has a uniquely focused Products business.
"The company's products are built on the iDigital Platform that makes them scalable, extendable, secure and able to facilitate growth," the company said in its research report.
The broking firm has set a price target of Rs 245 on the stock.
2) Monte Carlo Fashion
Brokerage firm KR Choksey sees an upside potential of nearly 32 per cent in the stock of Mote Carlo Fashions to Rs 531.
"The business model has no inventory risk and credit risk and also have healthy return ratio. We have
a stable view and estimate the revenue growth of around 9-10 per cent in in FY17-FY18E. With this we recommend "BUY" rating on the stock with a target of Rs 531 and a potential upside of 32.1%," the firm has said in its research report.
3) LIC Housing Finance
ICICI Direct is bullish on LIC Housing Finance and feels that the stock could see levels of Rs 565.
"LIC Housing is also seeing resurgence of buying interest in the cash segment coupled with short covering trend in futures segment. Hence, we recommend buy on the stock with a target price of Rs 565," the firm has said in its research report.
4) PI Industries
Edelweiss has suggested buying in the stock of PI Industries with a price target of Rs 725 in its research report.
"Our positive stance on PI is anchored by robust CSM earnings visibility led by healthy order book, commissioning of new plants and strong in-licensed products' pipeline. Limited upside in the stock in the near term notwithstanding, we remain upbeat on the company's long-term prospects. Hence, maintain ‘BUY'."
5) Eros International
IDBI Capital is bullish on Eros International and has set a target of Rs 285 on the stock as against the current market price of Rs 211.
"We factor higher revenue from catalogue sales, new content sharing agreement with EROS:US, lower interest cost and increase our FY17/18E EPS by 8%. Our new TP to Rs285 (vs. Rs274 earlier) is based on 9x FY18E (median 1-yr forward PER of 7.8x in the last 3 yrs). We maintain BUY as we believe that the best period for content monetization for EROS is yet to come," the firm has said in its research report
EIS is bullish on Venky's and has suggested buying the stock with a price target of Rs 541. The research firm sees immense potential for growth.
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