Motilal Oswal is bullish on MCX has recommended buy rating on the stock with a target price of Rs 1400 in its research report dated September 28, 2016.
While demand for petrol segment seems to be stabilizing (on a low base), demand for diesel segment has weakened, post correction in fuel price disparity. This could impact Maruti Suzuki's (MSIL) margins, said the Motilal Oswal Securities note to clients.
Gautam Sinha Roy of Motilal Oswal, says that he thinks that the market may see a pullback in short term but in a broader sense the market is likely to correct for 1-2 months and that will give opportunity to buy many stocks of different sectors.
Though not much is expected from the European Union Summit, it will instill confidence in the market if it manages to deliver. The summit is expected to result in a stimulus package of some 130 billion euros in infrastructure bonds, regional aid funds and European Investment Bank loans.
Wealth Creation is a long unending story which goes on to decades. The investors should carefully select the asset class i.e. Equity, Debt, Commodities etc.