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With the benchmark equity indices BSE Sensex and NSE Nifty gaining over 1% after the Reserve Bank of India (RBI) left interest rates unchanged, investors can look forward to earn some gains by investing in some select stocks.

Below are top-5 stocks in which global brokerage houses have given a bullish view:  

Adani Ports
Overseas financial firm Citi has a ‘Buy’ rating on Adani Ports with a price target of Rs 935, citing strong volume growth in Q4. “Valuation still in line with the historical average,” Citi said.

City Union Bank
Macquarie initiated the coverage on City Union Bank with a price target of Rs 245. It added that earnings and target are 15% and 25% above consensus, respectively. Higher risk-adjusted margin and granular balance sheet are the key strength of the lender. “Return on assets is expected to touch around 1.5-1.6% in the next couple of years,” Macquarie said.

Maruti Suzuki
HSBC has a ‘Buy’ call on the country’s largest carmaker Maruti Suzuki with a price target of Rs 8,400. “Despite heightened competition and ageing portfolio, the company has successfully restricted its market share loss in FY21. The demand outlook for FY22 is positive. New launches triggering margin expansion and driving stock performance. Q4FY21 margins likely to remain weak,” HSBC said.

Dr Reddy’s Laboratories
CLSA is bullish on the pharma major Dr Reddy’s Laboratories with a price target of Rs 5,830. The management aspires for a sustainable 25% margin. “Improved profitability In India, rest of the world and sustain US margin will be the key. The timely US pipeline execution should sustain US profitability,” CLSA said.

Indian Hotels
HSBC maintained ‘Buy’ on Indian Hotels with a price target of Rs 160. “Increase in Covid cases could extend demand weakness. However, reduction in costs and new revenue initiatives should improve profit margin. At present, shares of the company look oversold and tailwind seems to have been ignored,” HSBC said.