Synopsis:
Brokerages recommend six stocks across financial services, hospitality, IT, consumer goods, manufacturing, and telecom infrastructure sectors, offering potential upsides of up to 43% amid recent market declines, signaling selective opportunities despite broader index weakness.
The Benchmark Indices concluded Friday’s trading session negatively, with the Sensex decreasing 465.75 points, or 0.55 percent, ending the day at 83,938.71. Meanwhile, the Nifty 50 index dropped by 155.80 points, equivalent to a drop of 0.6 percent, and closed in the red at 25,722.10.
Over the previous five trading sessions, both the Sensex and Nifty 50 index experienced a drop of around 0.84 percent and 0.78 percent respectively. Below are six stocks that brokerages have recommended for a potential upside of up to 43 percent.
KFin Technologies Ltd
KFin Technologies Ltd is a technology-driven financial services platform that caters to asset managers, mutual funds, pension schemes and corporate issuers in India and abroad. It provides end-to-end services such as fund accounting & administration, investor servicing (transfer agency), digital stack and compliance platforms.
With market capitalization of Rs. 18,934 cr, the shares of KFin Technologies Ltd are closed at Rs. 1,098.10 per share, from its previous close of Rs. 1,112 per share. The analysts of brokerage firm Anand Rathi have issued a ‘BUY’ rating for KFin Technologies Ltd, setting a target price of Rs. 1,572 per share, indicating a potential upside of around 43.16 percent from Friday’s closing price.
Brigade Hotel Ventures Ltd
Brigade Hotel Ventures Ltd, a subsidiary of the real-estate developer Brigade Enterprises Ltd, is engaged in developing and owning hotel properties across South India (and GIFT City, Gujarat). Its portfolio includes branded hotels operated by global hospitality companies, and it has plans to grow via new hotel projects and strategic partnerships.
With market capitalization of Rs. 3,184 cr, the shares of Brigade Hotel Ventures Ltd are closed at Rs. 84 per share, from its previous close of Rs. 83.42 per share. The analysts of brokerage firm ICICI Securities Limited have issued a ‘BUY’ rating for Brigade Hotel Ventures Ltd, setting a target price of Rs. 117 per share, indicating a potential upside of around 39 percent from Friday’s closing price.
Happiest Minds Technologies Ltd
Happiest Minds Technologies Ltd is an Indian IT services company headquartered in Bengaluru that focuses on digital transformation, product engineering, infrastructure management, security services, and disruptive technologies (cloud, IoT, AI). It serves clients globally across industry verticals such as BFSI, manufacturing, retail and travel.
With market capitalization of Rs. 7,854 cr, the shares of Happiest Minds Technologies Ltd are closed at Rs. 515.55 per share, from its previous close of Rs. 521.35 per share. The analysts of brokerage firm Axis Direct have issued a ‘BUY’ rating for Happiest Minds Technologies Ltd, setting a target price of Rs. 690 per share, indicating a potential upside of around 34 percent from Friday’s closing price.
ITC Hotels Ltd
ITC Hotels Ltd is one of India’s prominent hotel chains, operating luxury, premium and mid-scale hotels and resorts across the country. It was formerly part of the diversified conglomerate ITC Ltd and has over 140 hotels in 90+ destinations. The company emphasises luxury hospitality as well as green building certification and broad-based brand architecture.
With market capitalization of Rs. 45,364 cr, the shares of ITC Hotels Ltd are closed at Rs. 216.88 per share, from its previous close of Rs. 218.18 per share. The analysts of brokerage firm ICICI Securities Limited have issued a ‘BUY’ rating for ITC Hotels Ltd, setting a target price of Rs. 282 per share, indicating a potential upside of around 30 percent from Friday’s closing price.
Supreme Industries Ltd
Supreme Industries Ltd is a long-established Indian manufacturer in the plastics and polymer processing space. Founded in 1942 and now headquartered in Mumbai, it produces a wide array of plastic products including moulded furniture, storage crates, packaging films, PVC pipes and fittings, etc., with exports to many countries.
With market capitalization of Rs. 48,475 cr, the shares of Supreme Industries Ltd are closed at Rs. 3,812.50 per share, from its previous close of Rs. 3,809.30 per share.
The analysts of brokerage firm Motilal Oswal have issued a ‘BUY’ rating for Supreme Industries Ltd, setting a target price of Rs. 4850 per share, indicating a potential upside of around 27 percent from Friday’s closing price.
Indus Towers Ltd
Indus Towers Ltd is a major telecom infrastructure provider in India, specialising in passive infrastructure (tower sites, power, space) which it leases to mobile network and wireless service providers. It has a large national footprint covering all telecom circles in India, making it one of the largest telecom tower companies in the country.
With market capitalization of Rs. 98,028 cr, the shares of Indus Towers Ltd are closed at Rs. 363.60 per share, from its previous close of Rs. 368.25 per share. The analysts of brokerage firm Emkay have issued a ‘BUY’ rating for Indus Towers Ltd, setting a target price of Rs. 460 per share, indicating a potential upside of around 26.5 percent from Friday’s closing price.
Written by Manideep Appana
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