Market to pause for breather; check Macquaries 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.
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Jan 28, 2013, 03.36 PM | 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.

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Market to pause for breather; check Macquaries 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.

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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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Market to pause for breather; check Macquaries top 10 bets

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