Indian indices witnessed a sharp fall on October 1 on the back of heavy selling seen in the all sectoral indices primarily in banking stocks. But Sensex and Nifty recovered from the day's low and finished at 38,305 and 11,359 respectively. The broader markets underperformed frontliners with the Nifty Midcap and Smallcap indices falling over 1.5 percent each. Here are the seven stocks where brokerages are maintained buy rating with up to 45 percent upside in the short to medium term:
Tata Metaliks | Brokerage: ICICIdirect | Rating: Buy | CMP: Rs 526 | Target: Rs 615 | Upside: 17 percent
Axis Bank | Brokerage: HDFC Securities | Rating: Buy | CMP: Rs 679 | Target: Rs 986 | Upside: 45 percent
Galaxy Surfactants | Brokerage: HDFC Securities | Rating: Buy | CMP: Rs 1,475 | Target: Rs 1,834 | Upside: 24 percent
APL Apollo Tubes | Brokerage: Prabhudas Lilladher | Rating: Buy | CMP: Rs 1,361 | Target: Rs 1,792 | Upside: 31 percent
Brigade Enterprises | Brokerage: Elara Capital | Rating: Buy | CMP: Rs 204 | Target: Rs 252 | Upside: 23 percent
Cipla | Brokerage: Sharekhan | Rating: Buy | CMP: Rs 412 | Target: Rs 505 | Upside: 22 percent
Reliance Nippon | Brokerage: ICICIdirect | Rating: Buy | CMP: Rs 265 | Target: Rs 300 | Upside: 13 percent
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