Stock Picks in Volatile Market: Marico and 3 Other Scrips Analysts Recommend
Motilal Oswal stock picks.
Thursday turned out to be one of those days on Dalal Street where the mood changed completely within hours. The market opened on a weak note, with both the BSE Sensex and Nifty 50 slipping nearly 2 per cent during the session.
But the fall did not last long. Buying came in strongly later in the day, and both indices managed to recover all losses and close in the green. Such sharp swings often make investors uneasy, but they also tend to throw up opportunities. That is the view from Motilal Oswal Financial Services, which has picked four stocks with a ‘buy’ rating and sees upside of up to 36 per cent.
1) Marico share price target
The brokerage is positive on Marico, with a target price of Rs 900 compared to the current level of around Rs 758. That leaves room for nearly 19 per cent upside. There are some near-term concerns. Rising input costs, a weak rupee, and geopolitical tensions could weigh on margins. Even so, the company’s focus on food and personal care, along with steady execution, keeps the long-term outlook intact.
2) EPL share price target
EPL Limited is another name on the list. The brokerage has set a target of Rs 270, which implies about 28 per cent upside. The key trigger here is the merger, which is expected to turn EPL into a more diversified packaging player. A stronger presence in emerging markets and a push on innovation could support growth over time.
3) Ashok Leyland share price target
In the auto space, Ashok Leyland continues to find favour. The target price is Rs 185, indicative of a likely upside of around 25 per cent. Demand in the commercial vehicle segment has been increasing, and the company is also trying to expand its reach in key regions. That said, higher fuel prices and global tensions remain risks, especially for exports.
4) Kaynes Technology share price target
From the electronics side, Kaynes Technology stands out. The brokerage has given a target of Rs 4,800, which points to an upside of about 36 per cent. The company’s move into semiconductor manufacturing is being seen as a big step. Its new facility in Sanand has already started operations, and further expansion is lined up. With India pushing to build a strong electronics ecosystem, this could play out well over time.
What it means for investors
The session was a reminder of how quickly markets can swing. While that can be uncomfortable in the short term, it also creates entry points in quality stocks. According to the brokerage, these names could be considered by investors looking to use corrections to build positions rather than chase rallies.
