Current market price Rs 1978

Angel Broking has put a buy call on Bajaj Auto. The brokerage firm says that it maintains its positive stance on the company, given its diversified business model, strong focus on profitable growth, widening reach in export markets and strategic alliances with global majors. At the CMP, the stock is trading at 14x FY2016E earnings. "We retain our buy rating on the stock with a SOTP target price of Rs 2,323," the firm has said.

Current market price Rs 33.30

Motilal Oswal has put a buy call on Ashok Leyland.

"Our industry interactions indicate that MHCVs cycle is bottoming out. Typically, MHCVs demand rebounds sharply with an economic recovery. AL is best placed among CV OEMs to play the CV upcycle. Maintain Buy," says Motilal Oswal research report.

Current market price Rs 303

Brokerage firm Microsec has put a strong buy on Whirlpool of India. The company is a subsidiary of world's largest consumer durables company Whirlpool Corporation, USA.

Microsec says that it is compelled to assign a higher P/E multiple of 22x for FY16E and arrive at a target price of INR372 per share; an upside of 28% from the CMP of Rs 291 per share.

Current market price Rs 444

Sharekhan has set a price target of Rs 542 on Sobha Developers. The brokerage firm says that the stock trades at 12.7x FY16E EPS, 1.6x FY16E BV (13% RoE) and 8x FY16E cash EBITDA. "Maintain Buy with expectation of sustenance of operational strength," the firm notes.

Current market price Rs 305

Dolat Capital is recommending to accumulate PI Industries. The brokerage firm says that there is a high CSM business visibility and order book at $395Mn. The firm also expects margin expansion in FY15 and FY16. The firm has recommended accumulate with a price target of Rs 326.