The BSE Sensex closed 182 points, or 0.22%, lower at 81,451, and the NSE Nifty50 dropped 83 points, or 0.33%, to 24,751. In the broader market, Nifty Midcap100 and Nifty Smallcap100 ended marginally lower by 0.06% and 0.03%, respectively.
Here are the five stocks with upside potential of up to 51%;
1. Apeejay Surrendra Park Hotels Ltd
Apeejay Surrendra Park Hotels is a hotel chain in India that operates a portfolio of hospitality assets. Its offerings range from luxury boutique accommodations under the “THE PARK” brand to the “THE PARK Collection.”
With a market capitalization of Rs 3,218.75 crore, the shares closed at Rs 150.85 per share, decreased around 2.83 percent as compared to the previous closing price.
IDBI Capital, one of the well-known brokerages in India, gave a ‘Buy’ call on this stock with a target price of Rs 214 apiece, indicating a potential upside of 42 percent from Friday’s closing price of Rs 150.85 per share.
2. Cummins India Ltd
Cummins India Ltd (CIL), a subsidiary of Cummins Inc., is a leading manufacturer and distributor of diesel and alternative fuel engines in India. They also design, manufacture, and service related technologies and power solutions.
With a market capitalization of Rs 90,493.33 crore, the shares closed at Rs 3,264.55 per share, increased around 2.91 percent as compared to the previous closing price.
IDBI Capital, one of the well-known brokerages in India, gave a ‘Buy’ call on this stock with a target price of Rs 4,401 apiece, indicating a potential upside of 34 percent from Friday’s closing price of Rs 3,264.55 per share.
3. Cohance Lifesciences Ltd
Cohance Lifesciences Ltd is engaged in the business of development and manufacturing of New Chemical Entity (NCE) based Intermediates, Active Pharmaceutical Ingredients (API), Specialty Chemicals, and formulated drugs under contract research and manufacturing services for global pharmaceutical, biotechnology, and chemical companies.
With a market capitalization of Rs 39,813.76 crore, the shares closed at Rs 1,040.70 per share, decreased around 2.43 percent as compared to the previous closing price.
ICICI Securities, one of the well-known brokerages in India, gave a ‘Buy’ call on this stock with a target price of Rs 1,365 apiece, indicating a potential upside of 31 percent from Friday’s closing price of Rs 1,040 per share.
4. Stylam Industries Ltd
Stylam Industries Ltd is engaged in the manufacturing of laminates, solid surface panels, and allied products. The Company’s products include high-pressure laminates, performance laminates (HPL), specialty laminates, exclusive surfaces, acrylic solid surfaces and compact laminates.
With a market capitalization of Rs 2,772.70 crore, the shares closed at Rs 1,636.00 per share, decreased around 0.17 percent as compared to the previous closing price.
Anand Rathi, one of the well-known brokerages in India, gave a ‘Buy’ call on this stock with a target price of Rs 2,276 apiece, indicating a potential upside of 39 percent from Friday’s closing price of Rs 1,636 per share.
5. Oil India Ltd
Oil India Limited is an integrated upstream exploration and production firm established in India that produces crude oil and natural gas. Crude Oil, Natural Gas, LPG, Pipeline Transportation, Renewable Energy and Others are among the company’s business segments. With a market capitalization of Rs 69,537.48 crore, the shares closed at Rs 427.50 per share, decreased around 3.91 percent as compared to the previous closing price.
Prabhudas Lillasdhar, one of the well-known brokerages in India, gave a ‘Buy’ call on this stock with a target price of Rs 649 apiece, indicating a potential upside of 51 percent from Friday’s closing price of Rs 427 per share.
Written by Abhishek Singh
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