ONGC, Bharti Airtel among top stocks likely to give 16-50% upside

SUMMARY

On May 6, the benchmark indices posted the biggest one-day fall in 2019 after the Reserve Bank of India (RBI) cut repo rate by 25 bps at 5.75 percent and changed its policy stance to accommodative from neutral. Here are the top eight chart picks from different brokerages that could give 16-50 percent upside in the medium term:

By Moneycontrol NewsJun 11, 2019 2:30:39 PM IST (Published)

Infibeam Avenues | Brokerage: KR Choksey | Rating: Buy | CMP: Rs 45.05 | Target: Rs 63 | Upside: 40 percent

Sadbhav Engineering | Brokerage: ICICI direct | Rating: Buy | CMP: Rs 253.20 | Target: Rs 300 | Upside: 18 percent

Entertainment Network | Brokerage: HDFC Securities | Rating: Buy | CMP: Rs 461.25 | Target: Rs 696 | Upside: 50 percent

ONGC | Brokerage: Elara Capital | Rating: Buy | CMP: Rs 169.05 | Target: Rs 226 | Upside: 33 percent

Grindwell Norton | Brokerage: ICICI direct | Rating: Buy | CMP: Rs 582.80 | Target: Rs 680 | Upside: 16 percent

Bharti Airtel | Brokerage: Elara Capital | Rating: Buy | CMP: Rs 353.80 | Target: Rs 530 | Upside: 50 percent

Alkem Laboratories | Brokerage: Anand Rathi | Rating: Buy | CMP: Rs 1,765.05 | Target: Rs 2,089 | Upside: 18 percent

Mayur Uniquoters | Brokerage: Anand Rathi | Rating: Buy | CMP: Rs 298.25 | Target: Rs 396 | Upside: 32 percent