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.