In FY17, midcaps have delivered 35 percent positive returns, as against nearly 19 percent by the Nifty.
ICICI Direct recommended hold rating on Oberoi Realty with a target price of Rs 333 in its research report dated January 31, 2017.
The research agency said that while demonetisation would have a positive impact in the long run, it would "serious pinch'' the sector in the short term.
Edelweiss is bullish on Oberoi Realty has recommended buy rating on the stock with a target price of Rs 430 in its research report dated January 30, 2017.
Stocks in news: Wipro | Aurobindo Pharma | MOIL | Mphasis | NLC India and Dilip Buildcon are stocks, which are in news today.
Oberoi Realty today reported 60 percent decline in consolidated net profit to Rs 84.92 crore for the December quarter of the current fiscal on a sharp dip in sales against the backdrop of demonetisation.
Speaking to CNBC-TV18. Baisiwala said realty prices had remained more intact in Tier-1 cities and it would be advisable to bank on established names in the sector.
Net Sales are expected to decrease by 12.7 percent Q-o-Q (down 71.8 percent Y-o-Y) to Rs 220 crore, according to HDFC Securities.
Net Sales are expected to decrease by 10 percent Q-o-Q (down 71 percent Y-o-Y) to Rs 226.8 crore, according to Edelweiss.
JP Morgan stays neutral on TCS with target of Rs 2450 per share as company has shown weakness in revenue growth trajectory in recent quarters.
Improving infrastructure has helped Andheri east, to transform from an industrial area, to a sought-after residential destination in Mumbai, over the years. From a region that was primarily known for the MIDC and SEEPZ, R
According to Ashwani Gujral of ashwanigujral.com, one can sell Bank of Baroda and LIC Housing Finance and buy Oberoi Realty, NBCC and Balrampur Chini.
Kunal Saraogi of Equityrush is of the view that one may buy NBCC with a target of Rs 265.
Kotak retains buy rating on Maruti with target cut to Rs 5900 from Rs 6600 per share as demonetisation of currency will impact near-term demand.
The government's decision to withdraw existing currency notes of Rs 500 and Rs 1,000 from circulation has rattled most property developers given the huge cash dealings in the sector.
Indiabulls Housing, Shriram Transport, Oberoi Realty, Reliance Capital and Reliance Communications are major losers among BSE Midcap indices. Stocks those are in green among BSE Smallcap indices are VA Tech Wabag, Swan Energy, Ujaas Energy, Orbit Exports and Accelya Kale.
Shares of leading realty companies like Godrej Properties, DLF, Indiabulls Real Estate, Sobha, Oberoi, HDIL and Unitech were down 12-15 percent.
ICICI Direct recommended hold rating on Oberoi Realty with a target price of Rs 375 in its research report dated October 25, 2016.
Sudip Bandopadhyay, Market Expert likes Oberoi Realty and feels that Godrej Properties is a good stock to enter.
Oberoi Realty shares climbed 5 percent intraday Monday. Analysts retained positive stance on the stock after strong earnings in July-September quarter led by Worli project despite weak market conditions.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Wipro, Equitas, Bharti Airtel, Idea Cellular, Oberoi Realty, V-Guard, Mindtree, LG Balakrishna, and Bhageria Industries.
Currently, we are in a bounce and the bull market will began after Nifty touched 9100, which will happen next year, Harendra Kumar of Elara Capital said adding that new bets on the market will be placed then.
Morgan Stanley is underweight on Wipro with target price at Rs 460 per share stating that growth is weakest among large peers that may keep valuation low.
Sun Pharma | Wipro | Mindtree | Mahindra and Mahindra | Cairn India | V-Guard Industries | Tata Sponge | RPG Life and Lakshmi Machine Works are stocks, which are in the news today.