Indian Stock Market recovered towards the end of the trading session with support coming on heavy weight counters like ITC, TCS and HDFC. Indian markets were also helped by the positive trade in the European markets. BSE Sensex ended the day 51 points higher at 19742 and NSE Nifty managed a close above 6000.

Brokerage house Motilal Oswal has given sell calls for SAIL, JSW Steel and Tata Steel citing tough times for steel sector. Motilal Oswal has given sell rating for JSW Steel with a target price of Rs 478. JSW Steel closed a per cent lower at Rs 844 today.

Research house Motilal Oswal has given buy call for Maruti Suzuki India. The report by India based research major has given target price for Maruti Suzuki at Rs 1730. The research report issued on 31 October said that the company has managed to register higher than expected EBITDA margin during second quarter.

Maruti Suzuki stock closed on Friday at Rs 1465. The stock has touched 52-week high of Rs 1477 in yesterday’s trading session. The stock is currently trading at a P/E multiple of 28.31.

Research house Motilal Oswal has given a buy call for automotive major Hero MotorCorp with a target price of Rs 2340. Hero MotorCorp has been showing stellar performance over past several quarters.

The company reported 7.4 per cent year-on-year growth in sales volume at 1.64 million units. Despite the price increase, the company managed to register good growth in volumes and has maintained market dominance.

Technical analyst Monal Desai of Prabhudas Lilladher maintained 'buy' rating on Yes Bank Limited stock to achieve a target of Rs 290.

According to analyst, the stock can be purchased with a stop loss of Rs 260.

The stock of the company, on January 19, closed at Rs 269.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 388 and a low of Rs 226 on BSE.

Current EPS & P/E ratio stood at 17.55 and 15.50 respectively.

Motilal Oswal Securities Ltd has maintained 'buy' rating on Maruti Suzuki India Ltd stock with stop loss of Rs 1470.

According to analyst, the interested investors can buy the stock at Rs 1498.

The stock of the company, on Oct 07, closed at Rs 1490.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1657.90 and a low of Rs 1186.30 on BSE.

Current EPS & P/E ratio stood at 82.35 and 18.01 respectively.

Country's auto giant is eyeing to raise its output by 27% for the entire financial year to 13 lakh units.

In a recent inteview, Manish Sonthalia, VP and Fund Manager at Motilal Oswal AMC has said that he doesn't see bubble formation yet. He expects the stock markets to work as per 7-year cycle.

Mr. Sonthalia is expecting the markets to remain strong. Given the growth stories in different sectors, investors may remain bullsih about the Indian markets.

Price/Earnings ratio for some sectors are still in the comfortable zone. If the growth in profits continue, Indian markets may look cheaper compared to other emerging markets.

Motilal Oswal Financial Services, one of India's leading stockbroking and research firm, has come out with earnings estimates on FMCG sector for the quarter ended March 2009.

The company in its latest research report revealed that Nestle's March quarter sales are expected to go up by 18.7% to Rs 1295.4 crore on Y-o-Y basis.

In addition, Motilal Oswal predicated Nestle's net profit to go up by 18.5% to Rs 201.5 crore on Y-o-Y basis.

Motilal Oswal, one of the leading equity research and broking houses of India, has come out with earnings estimates for Tata Tea for the quarter ended March 2009.

According to the research conducted by the firm, Tata Tea, the Largest Tea manufacturing company in India, is expected to register 9.7% growth in March sales to Rs 1291.4 crore on Y-o-Y basis.

In addition, the company's net profit is also predicted to go up by 18.6% to Rs 80.8 crore on Y-o-Y basis.

In a latest report, Motilal Oswal, one of the leading stock research firms in India, revealed that Beauty and wellness company Marico's March quarter sales are expected to go up by 23.6% to Rs 578 crore on Y-o-Y basis.

In addition, the company's net profit is also expected to surge by 22% to Rs 36.8 crore on Y-o-Y basis.

It may be noted that apart from Motilal Oswal, many market analysts are also positive on Marico's upcoming results.