Since the election outcome, Bank of America Merrill Lynch has recommended buy rating on following stocks with 1 year investment horizon.
The brokerage house in its report dated 18th June 2014 has recommended a buy rating on the company with target price of Rs.282 in 1 year time frame. They expect sharply higher earnings per share (EPS). Branded AC unit turning profitable is biggest positive for the stock. Mechanical, Electrical & Public Health (MEP) turnaround and better mix will boost margins. Valuations are cheaper than peers and its historical peak.
In its report dated 18th June 2014 BofaML expects 30-55 per cent growth in earnings per share over the next 2 years. Robust pipeline will drive solid growth. Margins will move up closer to peers. They have a target price of Rs.200 on the stock with an investment horizon of 1 year.
Maruti Suzuki Ltd.
In it's report dated 10th June 2014, the brokerage house recommended a buy rating on India's largest passenger car maker with a target price of Rs.2900 by 10th Jun 2015.
Titan Industries Ltd.
On 21st May 2014, BofaML recommended a buy rating on Titan Industries with a target price of Rs.360 by 21st May 2015.
Aurobindo Pharma Ltd
They expect US market share to increase and niche launches to drive growth. They also expect valuations discount to narrow versus large cap stocks. BofaML in it's report dated 19th May 2014 suggested a buy rating in the stock with a traget price of Rs.730 by May 2015.
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