The Benchmark Indices concluded Friday’s trading session positively, with the Sensex increasing by 328.7 points, or 0.4 percent, ending the day at 82,500.82. Meanwhile, the Nifty 50 index increased by 103.5 points, equivalent to a rise of 0.41 percent, and closed in the green at 25,285.35.
Over the previous five trading sessions, both the Sensex and Nifty 50 index experienced a rise of around 1.6 percent. Below are five stocks that brokerages have recommended for a potential upside of up to 42 percent:
1. AIA Engineering Limited
With a market capitalisation of Rs. 30,492 crores, the stock closed in the red at Rs. 3,267.45 on Friday. AIA Engineering Limited specialises in the design, development, production, installation, and servicing of high-chromium, wear-resistant parts for grinding equipment used in the cement, mining, and quarry industries.
The analysts of brokerage firm ICICI Direct have issued a ‘buy’ rating for AIA Engineering, setting a target price of Rs. 4,060 per share, indicating a potential upside of around 24 percent from Friday’s closing price.
2. Tata Consultancy Services Limited
With a market capitalisation of Rs. 10.95 lakh crores, the stock moved down by nearly 1.1 percent on BSE to close in the red at Rs. 3,028.4 on Friday. Tata Consultancy Services Limited offers a consulting-led, cognitive-powered, integrated portfolio of IT, business and engineering services and solutions.
The analysts of brokerage firm Prabhudas Lilladher have issued a ‘buy’ rating for TCS, setting a target price of Rs. 3,800 per share, indicating a potential upside of around 25 percent from Friday’s closing price.
3. ACME Solar Holdings Limited
With a market capitalisation of Rs. 17,190.5 crores, the stock moved up by nearly 1 percent on BSE to close in the green at Rs. 284.1 on Friday. ACME Solar Holdings Limited is engaged in establishing, commissioning, setting up, operating and maintaining power generation and acts as owners, manufacturers, engineers, procurers, buyers, sellers, distributors, dealers and contractors for the setting up of power plants.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for ACME Solar, setting a target price of Rs. 370 per share, indicating a potential upside of around 30 percent from Friday’s closing price.
4. Latent View Analytics Limited
With a market capitalisation of Rs. 9,049 crores, the stock moved up by nearly 2.5 percent on BSE to close in the green at Rs. 438 on Friday. Latent View Analytics Limited is an India-based data analytics company. Its primary objective is to enable customers to develop and deploy result-oriented analytics solutions that enable them to make smarter decisions using their data on an ongoing basis.
The analysts of brokerage firm Prabhudas Lilladher have issued a ‘buy’ rating for Latent View, setting a target price of Rs. 570 per share, indicating a potential upside of around 30 percent from Friday’s closing price.
5. Prince Pipes & Fittings Limited
With a market capitalisation of Rs. 3,661 crores, the stock moved down by nearly 0.4 percent on BSE to close in the red at Rs. 331.1 on Friday. Prince Pipes and Fittings Limited is engaged in the business of manufacturing and selling plastic pipes and fittings.
The analysts of brokerage firm ICICI Direct have issued a ‘buy’ rating for Prince Pipes, setting a target price of Rs. 470 per share, indicating a potential upside of around 42 percent from Friday’s closing price.
Written by Shivani Singh
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