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Motilal Oswal bets on these midcaps for double-digit returns

Bharat Forge, Endurance Technologies and BSE on the top picks list by the broking house Motilal Oswal.

November 19, 2021 / 02:15 PM IST
Market witnessed selling pressure throughout the week with Sensex and Nifty fell nearly 2 percent amid weak global cues. Among sectors BSE Metal index underperformed the other sectoral indices with nearly 6 percent loss and Energy and Realty indices fell 4 percent each. The broader indices - midcap and smallcap - fell more than 1 percent each, while Motilal Oswal bets on these midcap stocks with an upside up to 27 percent.
The market witnessed selling pressure through the week with Sensex and Nifty falling nearly 2 percent each amid weak global cues. Among sectors, BSE Metal index underperformed the other sectoral indices with nearly 6 percent loss and Energy, Realty indices fell 4 percent each. The broader indices - midcap and smallcap - fell more than 1 percent each. According to its latest report, Motilal Oswal bets on seven midcap stocks in the current market situation for an upside of up to 27 percent. Take a look:
Alkem Laboratories | Rating: Buy | LTP: Rs 3,482 | Target Price: Rs 4,150 | Upside: 19 percent
Alkem Laboratories | Rating: Buy | LTP: Rs 3,482 | Target Price: Rs 4,150 | Upside: 19 percent
Endurance Technologies | Rating: Buy | LTP: Rs 1,749 | Target Price: Rs 2,100 | Upside: 20 percent
Endurance Technologies | Rating: Buy | LTP: Rs 1,749 | Target Price: Rs 2,100 | Upside: 20 percent
BSE | Rating: Buy | LTP: Rs 1,603 | Target Price: Rs 1,800 | Upside: 12 percent
BSE | Rating: Buy | LTP: Rs 1,603 | Target Price: Rs 1,800 | Upside: 12 percent
Ipca Laboratories | Rating: Buy | LTP: Rs 2,078 | Target Price: Rs 2,600 | Upside: 25 percent
Ipca Laboratories | Rating: Buy | LTP: Rs 2,078 | Target Price: Rs 2,600 | Upside: 25 percent
Varun Beverages | Rating: Buy | LTP: Rs 948 | Target Price: Rs 1,210 | Upside: 27 percent
Varun Beverages | Rating: Buy | LTP: Rs 948 | Target Price: Rs 1,210 | Upside: 27 percent
PI Industries
PI Industries | Rating: Buy | LTP: Rs 2,866 | Target Price: Rs 3,215 | Upside: 12 percent
Bharat Forge | Rating: Buy | LTP: Rs 779 | Target Price: Rs 975 | Upside: 25 percent
Bharat Forge | Rating: Buy | LTP: Rs 779 | Target Price: Rs 975 | Upside: 25 percent
Rakesh Patil
first published: Nov 19, 2021 02:14 pm

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