At the day’s trade close, the Sensex was up 123.42 points or 0.15 percent at 82,515.14, and the Nifty was up 37.15 points or 0.15 percent at 25,141.40. About 2173 shares advanced, 1730 shares declined, and 120 shares remained unchanged.
Here are the 5 nifty 50 stocks with a potential upside of up to 36%;
1. Reliance Industries
Reliance Industries Limited is engaged in the activities of hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, advanced materials and composites, renewables (solar and hydrogen), retail, and digital services.
With a market capitalization of Rs 19.63 lakh crore, the shares closed at Rs 1,451.10 per share, increased by 0.87 percent as compared to the previous closing price.
Nuvama Institutional Equities, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 1,708 apiece, indicating a potential upside of 18 percent from Wednesday’s closing price of Rs 1,451 per share.
2. HDFC bank
HDFC Bank Limited (the Bank) is a financial services conglomerate that offers a full suite of financial services, from banking to insurance and mutual funds, through its subsidiaries. The Bank caters to a range of banking services covering commercial and investment banking and transactional/branch banking.
With a market capitalization of Rs 14.95 lakh crore, the shares closed at Rs 1,951.20 per share, decreased by 0.75 percent as compared to the previous closing price.
BNP Paribas, one of the well-known brokerages globally, gave a ‘Buy’ call on the stock with a target price of Rs 2,660 apiece, indicating a potential upside of 36 percent from Wednesday’s closing price of Rs 1,951.20 per share.
3. ITC Ltd
ITC Limited engages in fast-moving consumer goods (FMCG), hotels, paperboards, paper and packaging, and agricultural businesses. The FMCG industry includes cigarettes, cigars, education and stationery items, personal care products, safety matches and agarbattis, and branded packaged foods enterprises, among others.
With a market capitalization of Rs 5.33 lakh crore, the shares closed at Rs 426.00 per share, decreased by 0.26 percent as compared to the previous closing price. Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 525 apiece, indicating a potential upside of 26 percent from Wednesday’s closing price of Rs 426 per share.
4. Mahindra And Mahindra Ltd
Mahindra & Mahindra Ltd is one of India’s most diversified automobile companies, with a presence across 2-wheelers, 3-wheelers, passenger and commercial vehicles, tractors, and earthmovers. Through its subsidiaries and group companies, it also operates in financial services, auto components, hospitality, infrastructure, IT, defence, energy, and more.
With a market capitalization of Rs 3.83 lakh crore, the shares closed at Rs 3,083.00 per share, increased by 0.51 percent as compared to the previous closing price.
Nuvama Institutional Equities, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 3,700 apiece, indicating a potential upside of 20 percent from Wednesday’s closing price of Rs 3,083.00 per share.
5. Adani Ports and Special Economic Zone Ltd
Adani Ports and Special Economic Zone Limited develops, operates, and maintains a port services, port-related infrastructure development operations, and infrastructure development in adjacent special economic zones.
With a market capitalization of Rs 3.14 lakh crore, the shares closed at Rs 1,456.25 per share, decreased by 1.23 percent as compared to the previous closing price. Kotak Institutional Equities, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 1,750 apiece, indicating a potential upside of 20 percent from Wednesday’s closing price of Rs 1,456.25 per share.
Written by Abhishek Singh
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