Jan 28, 2013 03:36 PM IST | Source: Moneycontrol.com

Market to pause for breather; check Macquarie's top 10 bets

Brokerage house Macquarie of the view that the market will now pause for a breather, and resume its uptrend only after consolidating its recent gains.

Market to pause for breather; check Macquarie's top 10 bets

Moneycontrol Bureau

Brokerage house Macquarie of the view that the market will now pause for a breather, and resume its uptrend only after consolidating its recent gains.

"The results season has acted as a reality check and stocks that had run well ahead of fundamentals have tumbled," says the Macquarie strategy note.

 Following are the top ten stocks on Macquarie's 'Focus List'. The brokerage has an 'outperformer' rating on all of them.

Stock                                 Target price
Axis Bank                             Rs 1625
Bharti Airtel                         Rs   425
Coal India                           Rs   450
DLF                                     Rs   305
Jindal Steel and Power           Rs   722
Larsen & Toubro                    Rs  1834
Maruti Suzuki India                Rs  1600
NTPC                                    Rs   216
State Bank of India                Rs   2800
Tata Motors                          Rs    370

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