Following are the six stocks on which various brokerage houses have given a 'Buy' recommendation:

1. ITC
Current market price: Rs 322
Target price: Rs 410
Upside: 27.33%
Brokerage: Edelweiss Securities

''The government has postponed its decision to increase the length of health warnings on cigarette packs from the current 40% to 85% with nodefinite implementation time frame. This comes as a relief to cigarette players who had been singed by a spate of negative developments-fourth consecutive sharp excise hike and some states in South India raised VAT on cigarette. ITC has corrected ~18% since Budget 2015 and trades at ~34% discount to the Edelweiss consumer pack. We expect FMCG sales growth to accelerate and cigarette EBIT growth to remain resilient, though volumes will be under pressure. We maintain BUY/SU.''

2. Bank of Baroda (BOB)
Current market price: Rs 167
Target price: Rs 210
Upside: 26%
Brokerage: ICICIdirect

''BoB's operational performance was healthy until Q3FY15 wherein asset quality pressure, falling business traction and margins impacted its performance. However, the bank still has an advantage over its peers in terms of a well diversified book, healthy capital adequacy, provision coverage ratio and CASA profile. We believe the stock may stay under pressure in the near term as concerns on aforesaid parameters are unlikely to abate soon. Consequently, we continue to maintain our BUY recommendation.''

3. IPCA Laboratories
Current market price: Rs 664
Target price: Rs 719
Upside: 8.3%
Brokerage: Nomura Financial Advisory and Securities

''IPCA has received import alerts from the US FDA for its formulation plants at Pithampur (Indore) and Piparia (Silvassa). The fall in institutional business is likely to have a significant adverse impact on near -term earnings. Accordingly, we cut FY16F EPS by 25%. However, we expect a revival in FY17F, thus leave FY17F EPS largely unchanged. We retain Buy, as we expect resolution of the regulatory issues and a pick-up in institutional sales.''

4. Idea Cellular
Current market price: Rs 172
Target price: Rs 192
Upside: 11.63%
Brokerage: Firstcall Research

''Idea Cellular the third largest wireless operator in India with a revenue market share of 17.2% in Q2 FY15. As mobility market services expand, Indian Telecom business offers exciting growth opportunities in Mobile broadband & rural voice telephony. Brand Idea with growing consumer affinity, strong cash flows, expanding 2G & 3G network footprint and competitive spectrum profile, reaffirms its ability to overcome current short term uncertainties, emerge stronger and consolidate its market position to tap emerging telecom and mobile banking opportunities. Hence, we recommend 'Buy' for Idea Cellular with a target price of Rs 192 for medium to long term investment.''

5. Axis Bank
Current market price: Rs 556
Target price: Rs 630
Upside: 13.31%
Brokerage: HDFC Securities Institutional Research

''Axis Bank's management meet are Gross impaired asset additions expected to increase QoQ; however maintained its guidance of Rs 65 billion for FY15. Exposure to leveraged companies have declined gradually to form ~7% of total loans vs. 10% over the trailing five quarters. 60% of power exposures to be operational in FY15 and rest 40% expected to be operational over FY16-17. N IM to remain healthy in a tight band with a focus on high yield loans. Base rate cut to be in smaller quantum. In FY16, Retail traction to be higher vs. SME & Corporate segments; overall loans expected to grow at 18-20%. Upgrade net earnings by ~3-5% for FY16-17E. Maintain Buy.''

6. Snowman Logistics
Current market price: Rs 76
Target price: Rs 116
Upside: 52.63%
Brokerage: Anand Rathi

''Currently organized players like Snowman Logistics have less than 10% share combined in cold chain industry which is largely dominated by Government agencies and unorganized players. With a rising demand for integrated niche offering across the country, regionally well spread players like Snowman are expected to witness both increase volumes and gain market share. Going ahead, we believe Snowman to maintain its growth of more than 30 for next few years as cold chain markets penetrates deeper into the hinterland owing to better infrastructure availability and shifting consumer preferences. We initiate coverage on Snowman Logistics with a Buy rating and a target price of  Rs 116 a share.''

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