Indian markets are expected to open higher on strong global cues. Here are a few tips for investors from reputed brokerage firms, that one could hold for medium to long term.

NMDC

Angel Broking is bullish on mineral mining company NMDC. The firm has set a target of Rs 140 on this cash rich PSU.

"Over the past five years, NMDC has traded at an average EV/EBITDA of 12.0x, compared to its current valuation of 2.5x FY2015E EV/EBITDA. Strong balance sheet, low cost of production, high-grade mines, long mine life and high dividend yield (6.8 percent at CMP) make NMDC an attractive bet at the current levels. Valuing the stock at 4.5x FY2015E EV/EBITDA, we derive a fair price of Rs 140 and maintain our Buy rating on the stock," says Angel Broking research report.

Ultratech Cement

Motilal Oswal is bullish on the Aditya Birla Group Company Ultratech cement. The firm has set a target price of Rs 1944.

"The management is optimistic on the long-term prospects of the Cement sector. This has been the genesis of its focus on bolstering industry leadership. Its ongoing expansion would increase capacity by 20 percent over FY14-16 to 64.45MT (including Star Cement). With its 61.5MT of capacity (by FY16) and pan India presence, UTCEM is the best proxy for the Indian Cement industry. The stock trades at 16.4x FY15E EPS, and at an EV of 8.9x FY15E EBITDA and USD137/ton. Maintain Buy with a target price of INR1,944 (EV of 9x FY15E EBITDA)," says Motilal Oswal research report.

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