The above list of top picks was sent on Thursday by the brokerage. The BSE Sensex has trimmed its losses and now trading almost flat at 31,268 while the NSE Nifty was trading at 9,662. Top index gainers were Dr Reddy's Labs, Sun Pharma and Tata Steel while losers were TCS and GAIL.
Stocks that hit new 52-week highs on Thursday included PNB Housing Finance, Mahindra Holiday, MRF, HDFC, Godrej Industries, Ceat, Maruti Suzuki and Kotak Mahindra Bank.
Stocks at new 52-week low included Pfizer, OnMobile Global and Videocon Industries.
On Wednesday, FIIs were net buyers of Indian equities worth Rs 74 crore, according to provisional data released by the National Stock Exchange (NSE).