Brokerages: BUY Metropolis Healthcare, Dr Lal Path Labs, Blue Star and Ashok Leyland
Indian markets are trading near their all-time highs and market sentiment is bullish. While many stocks are at their 52-week highs, there are still some stocks that have upside potential and medium term investors can buy these stocks. Brokerages have recommended four such stocks that can offer decent returns in medium term.
Brokerage and research major BNP Paribas has suggested BUY Call for Metropolis Healthcare for a price target of Rs 2052. The stock is currently trading at Rs 1480 and can offer nearly 40 percent return from current price.
BNP Paribas has also suggested Dr Lal Path Labs as a BUY. The stock currently trading around Rs 2400 and BNP Paribas has suggested target price of Rs 2950 for this counter.
Anand Rathi Wealth has suggested BUY Call for Blue Star at current levels for target of Rs 1520. This counter could offer nearly 25 return over medium term. The fundamentals are looking strong.
ICICI Securities has suggested BUY Call for commercial vehicle major Ashok Leyland at current levels for target of Rs 180. The stock can offer 22 percent return from current price.
All trades should be carried out with strict Stop Loss. In case the trade doesn’t happen as per expectations, it is good to exit the trade if the call is in profit. TopNews will review performance of trading calls by the end of the trading session.