Indian benchmark indices ended lower on December 18 with Nifty around 24,198.85. At close, the Sensex was down 502.25 points or 0.62 percent at 80,182.20, and the Nifty was down 137.15 points or 0.56 percent at 24,198.85.
Here are the five stocks with upside potential of up to 63%;
Piramal Pharma Ltd
Piramal Pharma Limited is an India-based pharmaceutical company, which offers a portfolio of differentiated pharma products across a domestic and global distribution network. The Company has approximately 17 global facilities and a global distribution network in over 100 countries.
With a market capitalization of Rs 33,793 crore, the shares were closed at Rs 255 per share, decreased around 1 percent as compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the pharma stock with a target price of Rs 320 apiece, indicating a potential upside of 25 percent from Friday’s closed price of Rs 255 per share.
Siemens Ltd
Siemens Limited provides products and integrated solutions for the manufacturing sector, drives for the process sector, intelligent buildings and infrastructure, clean and efficient fossil fuel power generation, and applications for oil and gas.
With a market capitalization of Rs 2.36 lakh crore, the shares were closed at Rs 6,605 per share, decreased around 1.39 percent as compared to the previous closing price.
HDFC Securities, one of the well-known brokerages in India, gave a ‘Buy’ call on the automation stock with a target price of Rs 8,114 apiece, indicating a potential upside of 23 percent from Friday’s closed price of Rs 6,605 per share.
VA Tech Wabag Ltd
Va Tech Wabag Ltd operates in the water treatment industry. Its primary responsibilities include the design, supply, installation, building, and operation of drinking water, wastewater, industrial water, and desalination plants.
With a market capitalization of Rs 10,205 crore, the shares were closed at Rs 1,641 per share, decreased around 1.48 percent as compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the water management stock with a target price of Rs 2,308 apiece, indicating a potential upside of 41 percent from Friday’s closed price of Rs 1,641 per share.
IndiaMART InterMESH Ltd
IndiaMART InterMESH Limited is an Indian B2B marketplace that links customers and providers. The channel offers a platform for SMEs, major organizations, and people.
With a market capitalization of Rs 13,523 crore, the shares were closed at Rs 2,253 per share, decreased around 2.34 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 3,500 apiece, indicating a potential upside of 55 percent from Friday’s closed price of Rs 2,253 per share.
Restaurant Brands Asia Ltd
Burger King India Ltd. is an international quick-service restaurant company in India and developed around 260 eateries throughout key cities. The firm is an exclusive national master franchisee of Burger King in India, while its subsidiaries are exclusive national master franchisees of Burger King and Popeyes in Indonesia.
With a market capitalization of Rs 4,144 crore, the shares were closed at Rs 83.2 per share, decreased around 2.12 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the FMCG stock with a target price of Rs 135 apiece, indicating a potential upside of 63 percent from Friday’s closed price of Rs 83 per share.
Written by:- Abhishek Singh
