The Benchmark Indices concluded Friday’s trading session positively, with the Sensex increasing by 1,046.3 points, or 1.3 percent, ending the day at 82,408.17. Meanwhile, the Nifty 50 index increased by about 319.2 points, equivalent to a rise of nearly 1.3 percent, and closed in the green at 25,112.4. Over the previous five trading sessions, both the indices, Nifty 50 and Sensex, experienced a gain of about 1.3-1.6 percent.
Below are five stocks that brokerages have recommended for a potential upside of up to 90 percent:
Hindustan Zinc Limited
With a market capitalisation of Rs. 1.85 lakh crores, the stock moved up by nearly 0.3 percent on BSE to close in the green at Rs. 438.6 on Friday. The analysts of brokerage firm JM Financial have issued a ‘buy’ rating for Hindustan Zinc, setting a target price of Rs. 550 per share, indicating a potential upside of nearly 25 percent from Friday’s closing price.
Hindustan Zinc Limited is engaged in the business of exploring, extracting, and processing minerals, with operations including 5 zinc-lead mines, four zinc smelters, 1 lead smelter, 1 zinc-lead smelter, 8 sulphuric acid plants, 1 silver refinery plant, 6 captive thermal power plant,s and 4 captive solar plants in Rajasthan.
Happiest Minds Technologies Limited
With a market capitalisation of Rs. 9,602 crores, the stock moved up by nearly 2 percent on BSE to close in the green at Rs. 630.55 on Friday. The analysts of brokerage firm Anand Rathi have issued a ‘buy’ rating for Happiest Minds, setting a target price of Rs. 790 per share, indicating a potential upside of nearly 25 percent from Friday’s closing price.
Happiest Minds Technologies Limited is engaged in next-generation IT solutions & services, enabling organisations to capture the business benefits of emerging technologies of cloud computing, social media, mobility solutions, business intelligence, analytics, unified communications, and internet of things.
Container Corporation Limited
With a market capitalisation of Rs. 44,844 crores, the stock moved up by nearly 1.1 percent on BSE to close in the green at Rs. 736 on Friday. The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for CONCOR, setting a target price of Rs. 980 per share, indicating a potential upside of nearly 33 percent from Friday’s closing price.
Container Corporation of India Limited (CONCOR) provides inland transportation of containers by rail, along with covering the management of ports, air cargo complexes, and establishing cold chains.
Bansal Wire Industries Limited
With a market capitalisation of Rs. 6,007 crores, the stock moved up by nearly 3 percent on BSE to close in the green at Rs. 383.7 on Friday. The analysts of brokerage firm Anand Rathi have issued a ‘buy’ rating for Bansal Wire, setting a target price of Rs. 550 per share, indicating a potential upside of nearly 43 percent from Friday’s closing price.
Bansal Wire Industries Limited is principally engaged in the business of manufacturing and sale of wires of multiple varieties, including mild steel, stainless steel, high carbon, etc., of various categories, shapes, and sizes used in the automobile, infra, fastener, kitchenwar,e and other industries.
Swiggy Limited
With a market capitalisation of Rs. 97,277 crores, the stock moved up by nearly 4.2 percent on BSE to close in the green at Rs. 390.1 on Friday. The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Swiggy, setting a target price of Rs. 740 per share, indicating a potential upside of nearly 90 percent from Friday’s closing price.
Swiggy Limited, India’s pioneering on-demand convenience platform, is a new-age, consumer-first technology company offering users an easy-to-use convenience platform, accessible through a unified app.
Written by Shivani Singh
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