The brokerage has initiated ‘accumulate’ call on the stock. on healthy launch pipeline, recovery in hospitality assets, and strong operating cashflows. It has assigned a target price of ₹537
ICICI Bank, IndusInd Bank, M&M and Maruti Suzuki are among Emkay Global's November high-conviction large cap stocks. It also likes Ashok Leyland, Karur Vysya Bank and Varun Beverages.
Brokerage Antique Stock Broking believes that the mid-cap space will continue to offer wealth creating opportunities to investors, citing the ongoing economic recovery. However, it added that there is a need to stay selective due to rich valuations.
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