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8 Stocks To Buy Being Recommended By Top Brokerage Houses
The power, auto, and metal names led a volatile session in which benchmark indices traded steadily. Sensex is up 274.30 points or 0.47% at 58662.23, and the Nifty up 64.70 points or 0.37% at 17462.20. Amid volatility in the market, brokerage firms are bullish on some stocks and see a potential upside in their share price. Here is the list of 8 stocks recommended by a top brokerage firm to buy.
8 Stocks to buy as recommended by top Brokerage firms
| Stocks | Brokerage House | Current Market Price | Target Price |
|---|---|---|---|
| Aditya Birla Fashion and Retail | ICICI Direct | Rs 277.20 | Rs 350 |
| Manappuram Finance | Axis Direct | Rs 107.20 | Rs 165 |
| GAIL (India) | HDFC Securities | Rs 133.70 | Rs 180 |
| Mas Financial Services | Axis Direct | Rs 588.90 | Rs 775 |
| Caplin Point Laboratories | ICICI Direct | Rs 814 | Rs 1000 |
| NMDC | ICICI Direct | Rs 113.25 | Rs 135 |
| Indigo Paints | Motilal Oswal | Rs 1540.30 | Rs 1800 |
| Dalmia Bharat | Motilal Oswal | Rs 1610 | Rs 1815 |
Indian markets, continue to outperform global markets
India outperformed key global markets in Jul'22 amid various challenges. All major sectors rose MoM in Jul'22 and Midcaps outperformed. A majority of the BSE-200 constituents (92%) closed higher, according to the Eagle Eye report by Motilal Oswal. The DII stake in Nifty-500 was at a multi-quarter high; whereas, FII holding in Nifty500 declined for the sixth consecutive quarter.
FIIs make a come-back
Markets have been witnessing a strong comeback thanks to buying by Foreign Portfolio Investors. According to the Eagle Eye report, FIIs turned net buyers in equities after nine consecutive months of outflows; Domestic inflows slowed down in Jul'22. Average daily cash volumes remained weak in Jul'22 at Rs 498 billion - down 43% from its Oct'21 high.
The equity market
Many experienced investors have been taken off guard by the recent market upswing. On the future direction of the market, opinions remain divided. You may be able to comprehend your investing approach better if you look at historical stock market returns. Looking back, you may observe how market volatility affected particular years and how the market recovered following certain years. You can monitor it using an absolute count of the stocks that are advancing or dropping as well as an advance-decline graph of the stocks displayed according to the change in market-cap contribution in their sector.
Disclaimer
The stocks have been picked from the brokerage reports. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.
