Stocks to buy: Investors are adopting a cautious stance before the decision on RBI’s interest rates. The domestic stock market closed on Thursday (6 February) in the second consecutive trading session from this attitude of investors. The December quarter results of the indigenous companies were weak due to expectation, the market sentiment was negative. Also, investors are taking alert stance before the decision on RBI interest rates.
In the market, the brokerage firm Mirae Asset Capital Markets has made 6 stocks a top pick of February to buy 6 stocks. Brokerage has selected Stocks with stretic focus on sectors ranging from IT and banking to auto and hospitality. These stocks include Gabriel India, Karur Vaishya Bank, Emphesis, Maruti Suzuki and Varun Beverages.
February top pics
1. Coforge: Rating Buy | Target Price 8,985 | Upside 6%|
Mirae Asset Capital Markets have advised to buy the first Niit Technologies with a target price of ₹ 8,985. In this way, the stock can show up to 6% upside in the future. The company’s shares closed at Rs 8518 on Thursday.
2. Gabriel India: Rating Buy | Target Price 530 | Upside 7%
Brokerage has also given a BUY rating on the stock Gabriel India of auto sectors. For this, brokerage has kept a stock price of Rs 530. In this way, the stock can give a return of up to 7% in the future. Gabriel India shares closed at Rs 492.
3. Karur Vysya Bank: Rating Buy | Target Price 251 | Upside 7%
Mirae Asset Capital Markets has included Karur Vaishya Bank in its February Top Pick. Brokerage has kept a target price of Rs 251, advising the stock to buy the stock. In this way, the stock can show an upset of 7% in the future. The stocks closed at a price of Rs 234 on Thursday.
4. mphasis: Rating Buy | Target Price 3,050 | Upside 7%
Brokerage has fixed a target price of Rs 3,050, recommending to buy MPesis. In this way, the stock can give a return of 7% in the future with a current price of Rs 2825.
5. Maruti Suzuki: Rating Buy | Target Price 13,600 | Upside 4%
The brokerage firm has advised to buy veteran stock Maruti Suzuki of the auto sector. Brokerage has set a target price of Rs 13,600 on stock. In this way, the stock can give a return of 3 to 4% in the future at a closed price of Rs 13,073 on Thursday.
6. Varun Beverages: Rating Buy | Target Price 599 | Upside 5%
The brokerage firm has also fixed a target price of Rs 599, giving a BUY rating on Varun Beverages. In this way, the stock can give a return of 4-5% in the future from Rs 568 of Thursday.