The domestic brokerage and financial services provider Axis Securities has recommended a slew of stocks to buy, as it sees the medium to long-term outlook for the overall market remains positive.
Some of its top picks include ICICI Bank (NS:ICBK), State Bank of India (NS:SBI), Maruti Suzuki (NS:MRTI), Tech Mahindra (NS:TEML) and Dalmia Bharat (NS:DALB).
Here are the brokerage’s recommendations, along with their respective target prices.
- ICICI Bank: TP at Rs 1,150/share; an upside of 34.7% from Monday’s close.
- SBI: TP at Rs 740/share; a 35.7% upside from Monday’s close.
- Maruti Suzuki: TP at Rs 9,760/share; upside of 9.56%.
- Dalmia Bharat: TP at Rs 2,070; upside of 9.8%.
- Tech Mahindra: Rs 1,200 at 19.4% upside.
- Infosys (NS:INFY): Rs 1,800 at 14.66% upside
- Bajaj Finance (NS:BJFN): Rs 7,400 at 21.22% upside
- Ashok Leyland (NS:ASOK): Rs 175 at 14.4% upside
- Varun Beverages (NS:VARB): Rs 1,450 at 18.7% upside
- Federal Bank (NS:FED): Rs 170 at 27.9% upside
- APL Apollo (NS:APLA) Tubes: Rs 1,345 at 13.5% upside
- Healthcare Global Enterprises (NS:HEAC): Rs 330 at 18.15% upside
- CCL Products India (NS:CCLP): Rs 600 at 9.6% upside
- Polycab India (NS:POLC): Rs 3,300 at 11.4% upside
- PNC Infratech (NS:PNCI): Rs 370 at 9% upside.