Current Market Price of Rs 285

Religare has set a target price of Rs 380 on the Oriental Bank of Commerce Stock. The firm feels that the stock is currently undervalued. "Continued asset quality stress due to the prolonged economic slowdown remains a key risk; however, valuations at 0.6x FY17 ABV are reasonable. Maintain BUY," says Religare Capital research report. The stock is currently trading at Rs 285.

Betting on Modernisation and Expansion Programme

BO Equities is bullish on Steel Authority of India has set a target price of Rs 103 on the stock. "We believe that the Modernization and Expansion Program should result in improvements in efficiency and productivity, apart from an increase in saleable steel output. Additionally, demand revival on account investment push in infrastructure, manufacturing and equipment and impetus given to domestic steel industry is expected to drive volume growth going ahead," the firm has said. The stock is currently trade at Rs 83.25.

Emkay Bullish

Emkay is bullish on SRF and has set a target price of Rs 1050 on the stock. "Beat on domestic operations covers up for the same leading to unchanged FY15 estimates. Rollover valuations to FY17E, upgrading 1-year target price to Rs 1050 with Buy rating maintained, upside of 30% from CMP," says Emkay Global Financial Services research report. The stock is currently traded at Rs 843 on the National Stock Exchange.

Firstcall bullish on HDFC

Firstcall Research is bullish on HDFC. "Price to Book Value of the stock is expected to be at 5.04 x and 4.49 x respectively for FY15E and FY16E. We recommend ‘BUY' in this particular scrip with a target price of Rs.1156.00 for Medium to Long term investment," says Firstcall Research report.

Kotak Bets on Kajaria

Kotak has recommended buying the stock of Kajaria Ceramics among the various share tips. "We maintain our estimates and value the company at 23x P/ E with a price target of Rs 648 on FY16 estimates. However due to limited upside from the current levels, we maintain ACCUMULATE on the stock and would advise investors to buy the stock on declines," says Kotak Securities research report

Bullish on Jindal Saw

ICICI Direct has set a price target of Rs 82 on the stock. "Even though the increase in order book augurs well for the company, we have a cautious view on the back of elevated debt levels, which is likely to rise further on account of planned capex. We have valued the stock at 6x FY16E EV/EBITDA. Subsequently, we have arrived at a target price of Rs 82 assigning a HOLD recommendation to the stock", says ICICIdirect.com research report.