Sensex and Nifty 50 staged a comeback on November 5 and ended on a strong note after a meltdown in the previous session. At close, the Sensex was up 901 points or 1.13 percent at 80,378.13, and the Nifty was up 273.05 points at 24,486.35. About 2,337 shares advanced, 1,448 shares declined, and 102 shares were unchanged.
Here are the five stocks with upside potential of up to 41%;
PCBL Ltd
PCBL Limited is an India-based carbon black manufacturer. The Company operates in the materials and specialty chemicals segment with a production capacity of approximately 6,03,000 metric tons per annum and generates 98 megawatts per hour of green power. It has a presence in over 45 countries.
With a market capitalization of Rs 16,684 crore, the shares closed at Rs 442 per share, increased around 4.39 percent as compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the chemical stock with a target price of Rs 240 apiece, indicating a potential upside of 36 percent from Wednesday’s closing price of Rs 442 per share.
Exide Industries Ltd
Exide Industries Limited is an India-based company, which designs, manufactures, markets, and sells a range of lead-acid storage batteries. The Company’s segments include Storage Batteries & allied products and Life Insurance business.
With a market capitalization of Rs 38,488 crore, the shares closed at Rs 453 per share, which increased around 2.06 percent compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the batteries stock with a target price of Rs 570 apiece, indicating a potential upside of 26 percent from Wednesday’s closing price of Rs 453 per share.
Shalby Ltd
Shalby Limited is an India-based company, which operates multi-specialty hospital chains. The Company is mainly engaged in the business of setting up and managing hospitals and medical diagnostic services. Its Healthcare Services segment includes the business of setting up and managing hospitals and medical diagnostics services.
With a market capitalization of Rs 2,567 crore, the shares closed at Rs 238 per share, which increased around 2.97 percent compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the healthcare stock with a target price of Rs 310 apiece, indicating a potential upside of 30 percent from Wednesday’s closing price of Rs 238 per share.
Aditya Birla Capital Ltd
Aditya Birla Capital Limited through its subsidiaries, is engaged in the provision of financial services consisting of lending, both as a non-banking financial institution (NBFC) and as a housing finance institution, life and health insurance, asset management, general insurance and others.
With a market capitalization of Rs 53,682 crore, the shares closed at Rs 206 per share, which increased around 2 percent compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the Fintech stock with a target price of Rs 270 apiece, indicating a potential upside of 31 percent from Wednesday’s closing price of Rs 206 per share.
Karnataka Bank Ltd
Karnataka Bank Ltd offers a wide variety of banking and financial services, including retail, corporate banking, and para-banking activities, as well as treasury and foreign exchange transactions. It operates in four segments: Treasury, Corporate Banking, Retail Banking, and Other Banking Operations.
With a market capitalization of Rs 8,258 crore, the shares closed at Rs 219 per share, which decreased around 0.05 percent compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the Bank stock with a target price of Rs 310 apiece, indicating a potential upside of 41 percent from Wednesday’s closing price of Rs 219 per share.
Written by:- Abhishek Singh
