As high flying mid and small cap stocks get battered, there is a growing view among investors that large caps may be a safe haven for now. That is also because many of the large cap names have been underperforming for a while, making their valuations much more than those of small and midcap names which have seen a sharp upswing over the last six months. Moneycontrol has drawn up a list of largecap stocks which are most favoured by research analysts now.
2/11
ICICI Bank | 48 out of 51 analysts tracking the stock have rated it as a buy. The average of target prices of these analysts is Rs 118.96. That works out to an upside of 31.88 percent from current levels.
3/11
SBI | Out of 52 analysts tracking the stock, 47 have a "buy" call on the country's largest PSU bank. The bank is expected to have an upside of 31.58 percent from its current price with a target price of Rs 717.48.
4/11
Axis Bank | Analysts are also positive on Axis Bank. Forty-five of the 50 analysts tracking the private sector lender have a "buy" on the stock. From current market price, the stock is expected to give a return of 20.8 percent in 12 months at a target price of Rs 1,169.78.
IndusInd Bank| This is the another private bank analysts are bullish on. With a target price of Rs 1,703.52 and 45 "buy" calls out of 48, the stock is expected to gain 20.22 percent over the next one year.
6/11
HDFC Bank | India's largest private bank, which has been hammered in the last few days, is expected to do well over the next year. As many as 43 analysts of 49 have a "buy" call on the stock, with a target price of Rs 1,947.21, an upside of 32.86 percent.
7/11
Mahindra and Mahindra | The automaker has 38 "buy" calls out among 43 analysts. With a target price of Rs 1,729.95, its expected to gain 14.85.
8/11
Maruti Suzuki India | Analysts are positive on India's biggest car manufacturer as well with 38 of 49 analysts giving a "buy’ calls and the stock’s expected upside is 6.79 percent with a target price of Rs 11178.
Sun Pharmaceuticals | The pharma company has 35 "buy" calls out of 40 and a target price of Rs 1248.42, an upside of 13.44 percent.
10/11
ITC | Analysts see a 17.12 percent upside for the FMCG giant with a target price of Rs 508.02. Out of 38 analysts that track ITC, 35 have a ‘buy’ call.
11/11
Larsen and Toubro | Out of 37 analysts, 35 have a "buy" for Larsen and Toubro. With a target price of Rs 3,045.62, the infrastructure company’s expected upside is 6.32 percent.
