Motilal Oswal's chosen midcaps for double-digit returns
Bharat Forge, Endurance Technologies and BSE on the top picks list by the broking house Motilal Oswal.
Market witnessed selling pressure throughout the week with Sensex and Nifty fell nearly 2 percent amid weak global cues. Among sectors BSE Metal index underperformed the other sectoral indices with nearly 6 percent loss and Energy and Realty indices fell 4 percent each. The broader indices - midcap and smallcap - fell more than 1 percent each, while Motilal Oswal bets on these midcap stocks with an upside up to 27 percent.
Alkem Laboratories | Rating: Buy | LTP: Rs 3,482 | Target Price: Rs 4,150 | Upside: 19 percent
Endurance Technologies | Rating: Buy | LTP: Rs 1,749 | Target Price: Rs 2,100 | Upside: 20 percent
Ipca Laboratories | Rating: Buy | LTP: Rs 2,078 | Target Price: Rs 2,600 | Upside: 25 percent
Varun Beverages | Rating: Buy | LTP: Rs 948 | Target Price: Rs 1,210 | Upside: 27 percent
PI Industries | Rating: Buy | LTP: Rs 2,866 | Target Price: Rs 3,215 | Upside: 12 percent
Bharat Forge | Rating: Buy | LTP: Rs 779 | Target Price: Rs 975 | Upside: 25 percent
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