Bears maintained their stronghold on D-Street for the seventh consecutive on March 2. After trading in the positive territory for the majority of the session, benchmark indices witnessed flash sell-off in the last hour of trading after two new cases of coronavirus emerged in India. Nifty slipped below 11,150 levels and Sensex ended below 38,150. In the last 7 sessions, Nifty has wiped out nearly 1,000 points and Sensex has lost over 3,000 points. Here are six stocks brokerages are betting on after the recent correction:
KSB | Brokerage: ICICIdirect | Ratting: Buy | LTP: Rs 652 | Target: Rs 795 | Upside: 22 percent
Ajanta Pharma | Brokerage: Motilal Oswal | Ratting: Buy | LTP: Rs 1,392 | Target: Rs 1,655 | Upside: 19 percent
Mahindra CIE | Brokerage: Motilal Oswal | Ratting: Buy | LTP: Rs 122 | Target: Rs 191 | Upside: 56 percent
Ipca Laboratories | Brokerage: Prabhudas Lilladher | Ratting: Buy | LTP: Rs 1,435 | Target: Rs 1,826 | Upside: 27 percent
UltraTech Cement | Brokerage: ICICI Securities | Ratting: Buy | LTP: Rs 4,155 | Target: Rs 5,480 | Upside: 32 percent
Coal India | Brokerage: ICICI Securities | Ratting: Buy | LTP: Rs 169 | Target: Rs 319 | Upside: 88 percent
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