Axis Bank, Tech Mahindra and 4 other stocks to buy now for an upside of up to 41%; Do you own any?
The Benchmark Indices concluded Friday’s trading session negatively, with the Sensex decreasing by 501.5 points, or 0.61 percent, ending the day at 81,757.73. Meanwhile, the Nifty 50 index decreased by about 143 points, equivalent to a fall of 0.57 percent, and closed in the red at 24,968.4. Over the previous five trading sessions, the Nifty 50 index experienced a fall of 0.72 percent, while the Sensex saw a decline of 0.9 percent.
Below are six stocks that brokerages have recommended for a potential upside of up to 41 percent:
Axis Bank Limited
With a market capitalisation of Rs. 3.4 lakh crores, the stock moved down by nearly 5 percent on BSE to close in the red at Rs. 1,099.1 on Friday. Axis Bank Limited provides a complete suite of banking and financial services, including retail banking, wholesale banking and treasury operations.
The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating for Axis Bank, setting a target price of Rs. 1,400 per share, indicating a potential upside of over 27 percent from Friday’s closing price.
Tech Mahindra Limited
With a market capitalisation of Rs. 1.51 lakh crores, the stock moved down by nearly 1 percent on BSE to close in the red at Rs. 1,548.5 on Friday. Tech Mahindra Limited is a leading provider of consulting-led integrated portfolio services to multiple customers.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Tech Mahindra, setting a target price of Rs. 2,000 per share, indicating a potential upside of over 29 percent from Friday’s closing price.
HCL Technologies Limited
With a market capitalisation of Rs. 4.2 lakh crores, the stock moved up by nearly 0.3 percent on BSE to close in the green at Rs. 1,549.05 on Friday. HCL Technologies Limited, a leading global IT services company, is engaged in providing an integrated portfolio of services including software-led IT solutions, remote infrastructure management, engineering and R&D services and BPO.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for HCL Tech, setting a target price of Rs. 2,000 per share, indicating a potential upside of over 29 percent from Friday’s closing price.
AWL Agri Business Limited
With a market capitalisation of Rs. 35,689 crores, the stock moved down by nearly 1.3 percent on BSE to close in the red at Rs. 274.6 on Friday. AWL Agri Business Limited, formerly known as Adani Wilmar Limited, is in the FMCG business, comprising primarily edible oil and food segments.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for AWL Agri, setting a target price of Rs. 360 per share, indicating a potential upside of nearly 31 percent from Friday’s closing price.
Trent Limited
With a market capitalisation of Rs. 1.9 lakh crores, the stock moved down by nearly 1 percent on BSE to close in the red at Rs. 5,370.65 on Friday. Trent Limited, a part of Tata Group, is engaged in retailing/trading of apparel, footwear, accessories, toys, games, etc., operating through “Westside”, ‘Zudio’, “Utsa”, “Misbu/Xcite” and “Samoh” retail formats.
The analysts of global brokerage firm Macquarie have issued a ‘buy’ rating for Trent, setting a target price of Rs. 7,200 per share, indicating a potential upside of around 34 percent from Friday’s closing price.
Apeejay Surrendra Park Hotels Limited
With a market capitalisation of Rs. 3,479 crores, the stock moved down by nearly 1 percent on BSE to close in the red at Rs. 163.05 on Friday. Apeejay Surrendra Park Hotels Limited is primarily engaged in the business of owning, operating and managing hotels in India under the names “The Park Hotels, The Park collection and Zone by the Park”.
The analysts of brokerage firm YES Securities have issued a ‘buy’ rating for Apeejay Surrendra Park, setting a target price of Rs. 230 per share, indicating a potential upside of 41 percent from Friday’s closing price.
Written by Shivani Singh
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