We have collated a list of top 10 stocks picks from the fundamental perspective for the next 12 months.

PI Industries: BUY| Target Rs 1,060

Citigroup maintains a buy call on PI Industries with a 12-month target price of Rs 1,060. Newer products ramping up well which should auger well for the stock. Acceleration in revenue growth will depend on a recovery in global agrichemical demand.

InterGlobe Aviation: ADD| Target Rs 1,060

Kotak Institutional Equities maintains add on InterGlobe Aviation with a 12-month target price of Rs 1060. The management noted small improvement in industry-wide yields in recent months, buy further cuts in yield will come at the expense of competition's (weak) margins.

Biocon: BUY| Target Rs 1315

Citigroup maintains a buy recommendation on Biocon but raised its 12-month target price to Rs 1,315 from Rs 1,180 earlier. The Mylan-Biocon's settlement with Roche takes litigation risk out of the picture.

Alkem Laboratories: BUY| Target Rs 2285

HSBC maintains a buy recommendations on Alkem Laboratories but raised its 12-month target price to Rs 2,285 from Rs 1,995 earlier.

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