At close, the Sensex was up 259.75 points or 0.32 percent at 80,501.99, and the Nifty was up 12.50 points or 0.05 percent at 24,346.70. About 1672 shares advanced, 2122 shares declined, and 134 shares remained unchanged.
Here are the five stocks with upside potential of up to 65%;
1. Adani Green Energy Ltd
Adani Green Energy Limited (AGEL) is an Indian-based holding corporation. The Company generates renewable power and does other related operations. The Company creates, owns, manages, and maintains utility-scale grid-connected solar, wind, hybrid, and solar parks.
With a market capitalization of Rs 1.43 lakh crore, the shares closed at Rs 906 per share, increased around 0.66 percent compared to the previous closing price.
Emkay Global, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 1,500 apiece, indicating a potential upside of 65 percent from Friday’s closing price of Rs 906 per share.
2. Trent Ltd
Trent Limited is an India-based firm that operates in the selling and trade of items. The companyretails and trades garments, footwear, accessories, toys, and games. The company has many retail formats, including Westside, Zudio, Utsa, StarHypermarket, Landmark, Misbu/Xcite, etc
With a market capitalization of Rs 1.83 lakh crore, the shares closed at Rs 5,156 per share, decreased around 0.34 percent compared to the previous closing price.
Axis Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 6,650 apiece, indicating a potential upside of 29 percent from Friday’s closing price of Rs 5,156 per share.
Also read: PSU Power stock in focus after board approves ₹964 Cr CAPEX for transmission projects
3. Bajaj Finance Ltd
Bajaj Finance Ltd. is engaged in lending and accepting deposits. It has a diversified lending portfolio across retail, small and medium-sized enterprises (SMEs), and commercial customers with a presence in both urban and rural India.
With a market capitalization of Rs 5.52 lakh crore, the shares closed at Rs 8,886 per share, increased around 2.89 percent compared to the previous closing price.
BoB Capital Market, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 11,025 apiece, indicating a potential upside of 24 percent from Friday’s closing price of Rs 8,886 per share.
4. Greenply Industries Ltd
Greenply Industries Limited is an interior infrastructure company. The Company is primarily involved in the manufacturing of plywood and trading of plywood and allied products. The company’s product offerings include plywood and blockboards, decorative veneers, flush doors, etc
With a market capitalization of Rs 3,534 crore, the shares closed at Rs 283 per share, a decreased around 2.50 percent compared to the previous closing price.
Anand Rathi, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 387 apiece, indicating a potential upside of 37 percent from Friday’s closing price of Rs 283 per share.
5. Motilal Oswal Financial Services Ltd
Motilal Oswal Financial Services Limited offers a range of services, including retail and institutional broking, financial products distribution. Its customers include resident and non-resident individuals, Hindu undivided families (HUFs), corporates, and other.
With a market capitalization of Rs 38,107.37 crore, the shares closed at Rs 635.85 per share, a decreased around 2.54 percent compared to the previous closing price.
Emkay, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 850 apiece, indicating a potential upside of 34 percent from Friday’s closing price of Rs 635 per share.
Written by Abhishek Singh
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