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Top stock picks at Kotak Securities backed by our expert Research team

Stock Price** Target Potential Upside/Downside #   Research Report
Aarti Industries 930 1,080 17.2%
Hindustan Unilever 2,702 2,950 9.2%
LIC Housing Finance 427 600 40.5%
National Aluminium Co 93 100 7.5%
PVR 1,599 1,700 6.3%
TCS 3,776 4,200 11.2%

**Price - Close price as on 30th September 2021

#Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

Recommendation issued by Kotak Institutional Equities Research & Kotak Securities – PCG

to read the detailed research report


Top stocks recommended by our in-house experts:

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  • SEPTEMBER 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    BPCL 472 550 16.6%
    Century Plyboards 403 445 10.4%
    InterGlobe Aviation 1,904 2,250 18.2%
    L&T Ltd 1,672 1,920 14.8%
    National Aluminium Co 91 100 10.2%
    SBI Life Insurance 1192 1425 19.6%

    **Price - Close price as on 31st August 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities Research & Kotak Securities – PCG

    to read the detailed research report

  • AUGUST 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    Bajaj Auto 3,830 4,650 21.4%
    Cipla 920 1,040 13.0%
    HDFC Bank 1,426 1,650 15.7%
    ITC 205 275 34.1%
    Reliance Industries 2,035 2,260 11.0%
    SAIL 142 170 19.7%

    **Price - Close price as on 30th July 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • JULY 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    HCL Technologies 984 1,080 9.8%
    ICICI Bank 631 710 12.5%
    LIC Housing Finance 470 600 27.7%
    NCC 87 105 20.7%
    SAIL 131 170 29.8%
    Sun Pharmaceuticals 675 740 10.0%

    **Price - Close price as on 30th June 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • JUNE 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    BPCL 472 550 16.5%
    HDFC 2,553 3,050 19.5%
    Hindalco Industries 394 500 26.8%
    L&T Ltd 1,468 1,850 26.0%
    InterGlobe Aviation 1,759 2,100 19.4%
    Mahindra & Mahindra 808 975 20.7%

    **Price - Close price as on 31st May 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • MAY 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    Escorts 1,119 1,700 52.0%
    GAIL (India) 137 170 23.9%
    ICICI Bank 600 710 18.3%
    ICICI Prudential Life 522 660 26.4%
    Tech Mahindra 960 1,150 19.7%
    United Spirits 520 680 30.9%

    **Price - Close price as on 30th April 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • APRIL 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    Bajaj Auto 3,680 4,440 19.6%
    SIS 390 460 17.9%
    Narayana Hrudayalaya 411 540 31.4%
    IOCL 92 115 25.3%
    Lupin 1,020 1,180 15.7%
    Bharti Airtel 517 710 37.4%
    KNR Construction 213 240 12.7%

    **Price - Close price as on 31st March 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • MARCH 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    Bajaj Consumer Care 243 300 23.5%
    Cipla Limited 787 950 20.7%
    DCB Bank 116 150 29.3%
    Escorts 1,311 1,700 29.7%
    ITC 204 265 29.9%
    L&T Ltd 1,443 1,720 19.2%
    Petronet LNG 255 300 17.7%

    **Price - Close price as on 26th February 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • FEBRUARY 2021
    Stock Price** Target Potential Upside/Downside #   Research Report
    Tata Steel 636 800 25.8%
    Hindustan Zinc 289 335 15.9%
    United Spirits 573 680 18.8%
    DCB Bank 108 150 38.9%
    Shriram City Union Fin 1,152 1,500 30.2%
    SBI Life Insurance 875 1250 42.8%
    Kalpataru Power 323 475 47.0%

    **Price - Close price as on 01st February 2021

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price - Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • JANUARY 2021
    Stock Price** Target Potential Upside/Downside #  
    Bajaj Auto 3,448 3,900 13.1%
    Bharti Airtel 516 710 37.6%
    Britannia Industries 3,584 4,050 13.0%
    Hindustan Zinc 239 295 23.4%
    ICICI Bank 529 600 13.4%
    Infosys 1,247 1,400 12.3%
    Kalpataru Power 318 475 49.3%
    Petronet LNG 247 300 21.5%
    State Bank of India 277 340 22.7%
    SBI Life Insurance 903 1,150 27.9%

    **Price - Close price as on 30th December 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • DECEMBER 2020
    Stock Price** Target Potential Upside/Downside #  
    HPCL 212 260 22.6%
    Tech Mahindra 907 1,020 12.5%
    PNC Infratech* 175 210 20.0%
    Sobha 317 400 26.2%
    CESC 592 800 35.1%
    HUL 2,133 2,500 17.2%
    Guj Pipavav 95 120 26.3%

    **Price - Close price as on 01st December 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities, *PNC Infratech is not covered by KIE team

    to read the detailed research report

  • NOVEMBER 2020
    Stock Price** Target Potential Upside/Downside #  
    Axis Bank 525 600 14.3%
    Bajaj Auto 2927 3900 33.2%
    L&T 940 1300 38.3%
    Ambuja Cements 264 300 13.5%
    ITC 170 260 53.1%
    Bajaj Finserv 5812 8000 37.6%
    SBI Life Insurance 791 1100 39.1%
    Infosys 1094 1400 28%
    Hindustan Zinc 214 295 37.9%
    Bharti Airtel 453 710 56.7%

    **Price - Close price as on 04th November 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price - Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • OCTOBER 2020
    Stock Price** Target Potential Upside/Downside #  
    ICICI Bank 355 470 32%
    Kalpataru Power 245 470 92%
    L&T 902 1210 34%
    Berger Paints 581 430 -26%
    Tata Power 53 70 32%
    HCG 120 150 25%
    Mindtree 1339 980 -27%
    Castrol India 109 165 51%
    Adani Ports and SEZ 341 400 17%

    **Price - Close price as on 30th September 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price - Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • SEPTEMBER 2020
    Stock Price** Target Potential Upside/Downside #  
    JSPL 218 270 23.9%
    Bharti Airtel 547 710 29.8%
    GAIL 96 140 45.2%
    JK Lakshmi 263 340 29.3%
    PGCIL 180 220 22.2%
    DCB Bank 89 150 68.5%
    Avenue Supermarts 2,241 1,480 -34.0%
    ICICI Lombard 1,251 950 -24.1%

    **Price - Close price as on 01st September 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • AUGUST 2020
    Stock Price** Target Potential Upside/Downside #  
    Axis Bank 432 600 38.9%
    Hindalco Industries 163 225 38.0%
    ITC 194 260 33.9%
    Larsen & Toubro 913 1,210 32.5%
    Mindtree 1,083 890 -17.9%
    Petronet LNG 248 300 21.0%
    PNC Infratech* 133 185 38.7%
    Voltas 598 440 -26.5%

    **Price - Close price as on 31st July 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities, *Kotak Securities – Private Client Group

    to read the detailed research report

  • JULY 2020
    Stock Price** Target Potential Upside/Downside #  
    Jindal Steel and Power 153 200 31%
    Gujarat Pipavav Port 76 106 40%
    Bharti Airtel 567 690 22%
    Federal Bank 52 80 55%
    Kalpataru Power 213 470 120%
    TCS 2,102 1,705 (19)%
    Godrej Properties 843 610 (28)%
    Berger Paints 502 410 (18)%
    TVS Motor 378 220 (42)%

    **Price - Close price as on 29th June 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • JUNE 2020
    Stock Price** Target Potential Upside/Downside #  
    M&M 436 625 43.3%
    GAIL 92 150 63.0%
    Hindalco 139 225 61.9%
    L&T 932 1,220 30.9%
    PNC Infratech* 106 175 65.1%
    Dr Lal Pathlabs 1,531 1,180 -22.9%
    Indraprastha Gas 472 380 -19.5%
    Avenue Supermart 2,267 1,480 -34.7%

    **Price - Close price as on 29th May 2020

    #Potential Upside/Downside is difference between Target Price and Price. Potential Upside/Downside % = (Target Price - Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities, *Kotak Securities - Private Client Group

    to read the detailed research report

  • MAY 2020
    Stock Price** Target Potential upside #  
    Apollo Hospitals 1,396 1,820 30.4%
    Finolex Industries 402 514 27.9%
    ICICI Bank 380 490 28.9%
    ITC 181 255 40.9%
    L&T 897 1,270 41.6%
    Mahanagar Gas 966 1,300 34.6%
    Marico 288 350 21.5%

    **Price - Close price as on 30th April 2020

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • APRIL 2020
    Stock Price** Target Potential upside #  
    ICICI Bank 324 615 90%
    Bajaj Finserv 4,591 10,200 122%
    HDFC 1,633 2,200 35%
    HDFC Life Insurance 441 590 34%
    Colgate-Palmolive (India) 1,253 1,600 28%
    ITC 172 300 75%
    Titan Company 934 1,260 35%
    Cipla 423 570 35%
    Reliance Industries 1,114 1,700 53%
    Bharti Airtel 441 600 36%

    **Price - Close price as on 31st March 2020

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Institutional Equities

    to read the detailed research report

  • MARCH 2020
    Stock Price** Target Potential upside #  
    HDFC Ltd^,* 2,176 2,680 23.2%
    ICICI Bank^,* 497 615 23.7%
    Bharti Airtel* 524 600 14.5%
    Mahanagar Gas* 1,005 1,300 29.4%
    Quess Corp 514 690 34.2%
    Engineers India 70 123 75.7%

    **Price - Close price as on 28th February 2020

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    ^HDFC Ltd and ICICI Bank is valued on PBV or Price/BV while rest of the stocks are valued on PE

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • FEBRUARY 2020
    Stock Price** Target Potential upside #  
    Reliance Industries 1,386 1,850 33.5%
    Colgate-Palmolive (India) 1,351 1,600 18.5%
    IndusInd Bank 1,263 1,600 26.7%
    State Bank of India 298 420 40.9%
    Laurus Labs 431 500 16.1%
    PNC Infra* 191 251 31.7%

    **Price - Close price as on 03rd February 2020

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • JANUARY 2020
    Stock Price** Target Potential upside #  
    Mahindra & Mahindra* 532 820 54.1%
    Vedanta Ltd* 152 180 18.4%
    State Bank of India* 334 400 19.8%
    Larsen & Toubro Ltd* 1,298 1,560 20.1%
    Varroc Engineering* 417 520 24.7%
    KNR Construction 250 305 22.0%
    Suven Life Sciences Ltd 307 391 27.4%

    **Price - Close price as on 31st December 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • DECEMBER 2019
    Stock Price** Target Potential upside #  
    GAIL* 126 175 38.8%
    FIEM INDUSTRIES LTD 367 549 49.5%
    ESCORTS LTD* 637 1030 61.6%
    JYOTHY LABORATORIES LIMITED (JYL) 179 200 11.7%
    SUN PHARMACEUTICALS LTD* 450 480 6.6%
    FEDERAL BANK LTD* 89 120 34.83%

    **Price - Close price as on 30th November 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • NOVEMBER 2019
    Stock Price** Target Potential upside #  
    Cipla Ltd.* 454 570 26%
    Federal Bank Ltd.* 84 120 43%
    HDFC Ltd.* 2,115 2,375 12%
    Petronet LNG Ltd.* 275 320 16%
    PNC Infratech Ltd. 172 264 53%
    Power Grid Corp.* 205 235 16%
    VIP Industries Ltd. 471 555 18%

    **Price - Close price as on 22nd October 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • OCTOBER 2019
    Stock Price** Target Potential upside #  
    Gujarat Gas Ltd* 175 194 10.9%
    Himatsingka Seide Ltd 144 212 47.7%
    PNC Infratech Ltd 191 264 38.3%
    VIP Industries Ltd 479 555 15.8%
    Voltamp Transformers Ltd 1145 1622 41.7%

    **Price - Close price as on 30th September 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • SEPTEMBER 2019
    Stock Price** Target Potential upside #  
    Century Plyboards (I) Ltd. 135 170 26.1%
    ICICI Bank Ltd.* 410 515 25.7%
    Orient Cement* 82 112 36.9%
    Petronet LNG* 267 300 12.4%
    PNC Infra 179 251 40.5%
    Vedanta* 139 200 43.7%

    **Price - Close price as on 31st August 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • AUGUST 2019
    Stock Price** Target Potential upside #  
    ENGINEERS INDIA LTD 100 147 47.3%
    EQUITAS HOLDINGS LTD/INDIA* 113 180 60.1%
    ITC LTD* 270 335 24.0%
    OIL & NATURAL GAS CORP LTD* 139 210 51.5%
    STATE BANK OF INDIA* 332 410 23.5%
    WELSPUN CORP LTD 112 171 53.0%

    **Price - Close price as on 31st July 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • JULY 2019
    Stock Price** Target Potential upside #  
    GAIL (India) Ltd 313 440 40.7%
    Himatsingka Seide Ltd 164 290 76.5%
    ICICI Prudential Life Insurance* 391 500 28.0%
    ITC Ltd* 275 335 21.8%
    JK Paper Ltd 128 200 56.7%
    Laurus Labs Ltd* 347 430 23.8%

    **Price - Close price as on 01st July 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • JUNE 2019
    Stock Price** Target Potential upside #  
    GAIL* 361 455 26.0%
    Powergrid* 189 235 24.1%
    SBI* 353 410 16.3%
    Surya Roshni 252 328 30.0%
    Welspun Corp 142 171 20.8%
    Phoenix Mills 651 754 15.8%

    **Price - Close price as on 31st May 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • MAY 2019
    Stock Price** Target Potential upside #  
    Colgate Palmolive* 1208 1400 15.9%
    Himatsingka Seide Ltd 213 290 36.1%
    Larsen & Toubro infotech Ltd* 1717 2000 16.5%
    Larsen & Toubro Ltd 1349 1565 16.1%
    Maharashtra Seamless Ltd 475 825 73.6%
    Mahindra & Mahindra Ltd* 645 1000 55.0%
    PNC Infratech Ltd 151 192 27.1%

    **Price - Close price as on 30th April 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • APRIL 2019
    Stock Price** Target Potential upside #  
    Coal India* 236 290 22.7%
    GAIL (India)* 355 455 28.3%
    ONGC* 157 215 36.7%
    SBI* 321 370 15.0%
    Power Grid* 196 235 20.1%
    EIL 120 153 27.9%
    Cochin Shipyard* 392 555 41.5%

    **Price - Close price as on 01st April 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • MARCH 2019
    Stock Price** Target Potential upside #  
    HDFC Life Insurance* 352 435 23.5%
    LIC Housing Finance Ltd* 476 590 24.1%
    Bharat Electronics* 83 100 21.2%
    Aegis Logistics 199 250 25.7%
    Suven Life Sciences 241 425 76.5%
    Surya Roshini Ltd 224 330 47.4%

    **Price - Close price as on 28th February 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • FEBRUARY 2019
    Stock Price** Target Potential upside #  
    ITC Ltd.* 281 325 15.7%
    ICICI Bank* 355 430 21.2%
    L&T Infotech* 1769 2000 13.1%
    Supreme Industries 1010 1165 15.3%
    NCC 79 135 70.2%
    Dishman Carbogen 204 450 120.5%

    *Price - Closing Price as on 1st Feb 2019

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • JANUARY 2019
    Stock Price** Target Potential upside #  
    State Bank Of India* 300 380 26.8%
    Cholamandalam Investment & Finance Co Ltd* 1253 1425 13.7%
    Tech Mahindra Ltd* 719 865 20.3%
    Petronet LNG Limited* 229 280 22.3%
    Power Grid Corporation of India Limited* 200 250 25.0%
    Finolex Industries Ltd 549 642 16.9%
    Maharashtra Seamless Limited 489 805 64.5%
    JK Paper Limited 156 200 28.5%
    Mold-Tek Packaging (MTPL) 270 320 18.5%

    *Price - Closing Price as on 31st December 2018

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • DECEMBER 2018
    Stock Price** Target Potential Gain/Loss# Buy/Sell Recommendations
    Cochin Shipyard Ltd. (COCHINSHIP) 375 520 38.7%
    Mangalore Refinery & Petrochemicals Ltd. (MRPL) 74 100 35.1%
    State Bank of India (SBIN) 285 380 33.3%
    Apollo Tyres Ltd (APOLLOTYRE) 239 315 31.8%
    Coal India Ltd. (COALINDIA) 244 320 31.1%
    Supreme Industries Ltd. (SUPREMEIND) 994 1,205 21.2%
    Mold-Tek Packaging (MOLDTKPAC) 270 320 18.5%

    *Price - Closing Price as on 30th November 2018

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group

    to read the detailed research report

  • DIWALI 2018
    Stock Price** Target Potential Gain/Loss# Buy/Sell Recommendations
    Maruti Suzuki* 7,135 8200 14.9%
    Vedanta Limited* 226 330 45.4%
    ITC Limited* 283 330 16.2%
    ICICI Prudential* 352 475 35.3%
    Supreme Industries 996 1205 21.1%
    Jubilant Foodworks* 1,080 1370 26.5%
    Quess Corp 752 1072 42.9%

    *Price - Closing Price as on 02nd November 2018

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group, *Kotak Institutional Equities

    to read the detailed research report

  • OCTOBER 2018
    Stock Price** Target Potential Gain/Loss# Buy/Sell Recommendations
    Aurobindo Pharma Ltd 744 830 11.5%
    Laurus Lab Ltd 433 500 15.6%
    Tech Mahindra Ltd 746 793 6.4%
    Cyient Ltd 745 810 8.7%
    Persistent Systems Ltd 788 1,025 30.0%
    Maruti Suzuki India Ltd. 7,348 10,360 41.0%
    ITC Ltd 297 330 11.2%
    Arvind Ltd 318 500 57.3%
    The Phoenix Mills Ltd 561 707 26.0%
    Amber Enterprises Ltd 925 1,145 23.8%

    *Price - Closing Price as on 28th September 2018

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group

    to read the detailed research report

  • SEPTEMBER 2018
    Stock Price** Target Potential Gain/Loss# Buy/Sell Recommendations
    Adani Port & Special Economic Zone 383.00 485 26.6%
    Amber Enterprises Ltd. 984.00 1,145 16.4%
    Arvind Ltd. 399.00 500 25.3%
    CESC Ltd. 996.00 1,180 18.5%
    ICICI Prudential Life Insurance 375.00 500 33.3%
    Maruti Suzuki India Ltd. 9,097.00 10,360 13.9%
    Persistent Systems Ltd. 828.00 1,025 23.8%
    Petronet LNG Ltd. 248.00 267 7.7%
    Talbros Automotive Components Ltd. 294.00 396 34.7%
    Vedanta Ltd. 228.00 370 62.3%

    *Price - Close price as on 31st Aug

    #Potential Gain/Loss is difference between Target Price and Price. Potential Gain/Loss % = (Target Price – Price)/(Price) * 100

    Recommendation issued by Kotak Securities – Private Client Group

    to read the detailed research report