Markets have had a flat week once again. However, brokers see selective buying into good quality names as a strategy to counter any fall in the markets. Here are 6 stocks being recommended by some of the broking houses in the country.
1) Intellect design Arena
GEPL Capital has placed a buy rating on Intellect Design Arena. GEPL capital believes that the company has a uniquely focused Products business.
"The company's products are built on the iDigital Platform that makes them scalable, extendable, secure and able to facilitate growth," the company said in its research report.
The broking firm has set a price target of Rs 245 on the stock.
2) Monte Carlo Fashion
Brokerage firm KR Choksey sees an upside potential of nearly 32 per cent in the stock of Mote Carlo Fashions to Rs 531.
"The business model has no inventory risk and credit risk and also have healthy return ratio. We have
a stable view and estimate the revenue growth of around 9-10 per cent in in FY17-FY18E. With this we recommend "BUY" rating on the stock with a target of Rs 531 and a potential upside of 32.1%," the firm has said in its research report.
3) LIC Housing Finance
ICICI Direct is bullish on LIC Housing Finance and feels that the stock could see levels of Rs 565.
"LIC Housing is also seeing resurgence of buying interest in the cash segment coupled with short covering trend in futures segment. Hence, we recommend buy on the stock with a target price of Rs 565," the firm has said in its research report.
4) PI Industries
Edelweiss has suggested buying in the stock of PI Industries with a price target of Rs 725 in its research report.
"Our positive stance on PI is anchored by robust CSM earnings visibility led by healthy order book, commissioning of new plants and strong in-licensed products' pipeline. Limited upside in the stock in the near term notwithstanding, we remain upbeat on the company's long-term prospects. Hence, maintain ‘BUY'."
5) Eros International
IDBI Capital is bullish on Eros International and has set a target of Rs 285 on the stock as against the current market price of Rs 211.
"We factor higher revenue from catalogue sales, new content sharing agreement with EROS:US, lower interest cost and increase our FY17/18E EPS by 8%. Our new TP to Rs285 (vs. Rs274 earlier) is based on 9x FY18E (median 1-yr forward PER of 7.8x in the last 3 yrs). We maintain BUY as we believe that the best period for content monetization for EROS is yet to come," the firm has said in its research report
6) Venky's
EIS is bullish on Venky's and has suggested buying the stock with a price target of Rs 541. The research firm sees immense potential for growth.
7) Disclaimer
This article is for information purposes. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates and the author do not accept culpability for losses and/or damages arising based on information in this article.
More From GoodReturns

New PAN Card Rules From April 1, 2026: How To Apply For New PAN Card Via Protean, E-Filing Portal?

LPG Gas Cylinder Prices Hiked Again From April 1; 19 KG LPG Gets Costlier By Rs 218; 14.2 KG LPG Unchanged

Gold Rate in India Rises Over Rs 37,000/24K in Three Days; Will Jump in Gold Price Today Continue on 31 March?

Gold Rate in India Rebounds After Falling Nearly Rs 40,000 In a Day; Will Gold Price Today Jump or Drop?

Gold Price Today Declines After 3-Day Surge; Check Latest 22K, 24K, 18K Gold & Silver Rates in Delhi on 2April

Bank Holiday In April 2026: Banks To Be Closed For 14 Days; Good Friday, Baisakhi To Akshaya Tritiya

Hyderabad Gold Rates Today Crash By Rs 40,000 After 6 Days, Silver Rate Falls By Rs 10,000: 24K, 22K, 18k Gold

Fresh Drop in Gold Rate Today; Silver Stable: Latest 22K, 24K, 18K Gold & Silver Prices in Delhi on 30 March

Govt Approves PDS Kerosene Distribution in 21 States for 60 Days, Sets 5,000 L Storage Limit Amid LPG Crisis

Bank Holiday Today, Tomorrow & More: Banks Are Closed On March 31, April 1, April 2, April 3; Here's Why

Gold Rate in India After 20% Slide from Record Highs; Will Gold Price Today Jump to Rs 1.50 Lakh on 30 March?



Click it and Unblock the Notifications