Infosys, ICICI Bank, Tata Motors: Stocks to buy in 2017

With key events such as developments in the European Union (Brexit), policy initiatives by Donald Trump after he assumes office as the US President, monetary policy framework of global central banks, outcome of Assembly elections back home and the demonetisation impact on corporate earnings, progress on implementation of the goods and services tax (GST) bill, calendar year 2017 promises to be an eventful year for equity investors.


Going forward into 2017, analysts expect the Indian economy to recover from the demonetisation shock from Q2CY17 onwards, as the liquidity crunch wanes away and the pent up demand comes back to the fore. In this backdrop, they expect Indian equities to perform well.


“India’s economy is in transition: towards greater formalisation, lesser corruption, better infrastructure and improved governance. Some of these transitional reforms – the recent demonetisation and implementation of the goods and services tax (GST) – along with a reversal of the terms-of-trade gains will hurt growth in the near term but are laying the ground for a faster growth rebound in 2018,” said Sonal Varma, executive director and India Economist at Nomura in a recent report.


“We expect growth to be largely unchanged at 7.1% in 2017, but to rise sharply to 7.7% in 2018,” she adds.


With myriad investing options available with investors, here is a quick compilation of top for calendar year 2017 from brokerages.




Aurobindo Pharma, Bank of Baroda (BoB), BPCL, Godrej Consumer, Hindalco, HPCL, Nestle, NTPC, Petronet LNG, Reliance Industries (RIL), State Bank of India (SBI), Sun Pharma, Tech Mahindra



Tata Motors: Target Price – Rs 610


ICICI Bank: Target Price – Rs 337


Canfin Homes: Target Price – Rs 2,260


Sterling Tools: Target Price – 1,207


APL Apollo Tubes: Target Price – Rs 1,248




Fiem Industries: Target Price – Rs 1,315


Castrol India: Target Price – Rs 483


Wonderla Holidays: Target Price – Rs 430


Jain Irrigation Systems: Target Price – Rs 104




Asian Granito: Target Price – Rs 351


Infosys: Target Price – Rs 1,249


Jagran Prakashan: Target Price – Rs 225


Power Grid Corporation: Target Price – Rs 223


Alkem Laboratories: Target Price – Rs 1,989