SMC Global Research has selected Tata Consultancy Services and Gabriel India as fundamental picks. The stock broker gave following investment rationale:

1. Tata Consultancy Services
Current market Price (CMP): 2,480.95
Target Price (TP): Rs 3,000
Upside: 21%

''The company has maintained profitability in a challenging operating environment, where currency has been a strong headwind for some time. Demand growth continues to be strong. The company has seen a robust rebound in the North American markets. Thus, it is expected that the stock will see a price target of 3000 in 8 to 10 months time frame on a two year average P/E of 24.61x and FY16 (E) earnings of Rs 121.92.''

2.Gabriel India
Current market Price (CMP): 80.70
Target Price (TP): Rs 97
Upside: 21%

''The company has strongly adopted innovation in Gabriel and Anand group. Innovations have helped in coming out thru some breakthrough ideas which has helped it to reduce energy cost and raw material cost. Thus, it is expected that the stock will see a price target of Rs 97 in 8 to 10 months time frame on a two year average P/E of 15.55x and FY16 (E) earnings of Rs 6.26.''

Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.