On Friday, domestic benchmark indexes closed in the red. The BSE Sensex fell 505.19 points, or 0.77%, ending the week at 65,280.45. Similarly, the NSE Nifty 50 fell 165.50 points, or 0.85%, to 19,331.80.
Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 35%:
Federal Bank Ltd
Federal Bank is the fourth largest bank in India in terms of capital base. It provides retail and corporate banking, para banking activities such as debit cards, third-party product distribution, etc., treasury and foreign exchange business. ICICI Securities has a buy rating on the stock with a target price of Rs 180, which translates to an upside of 33% as compared to its share price of Rs 135.
Piramal Enterprises Ltd
Piramal Enterprises Ltd is one of India’s largest and most diverse businesses. Its operations are organised into two sectors: financial services and pharmaceuticals. Motilal Oswal has a buy rating on the stock with a target price of Rs 1,165, which translates to an upside of 25.7% as compared to its share price of Rs 926.35.
Brigade Enterprises Ltd
Brigade Enterprises Limited is a real estate developer in South India, The company constructs and develops residential, commercial, educational, retail, and hospitality projects. Motilal Oswal has a buy rating on the stock with a target price of Rs 720, which translates to an upside of 30% as compared to its share price of Rs 555.
JTL Industries Ltd
JTL Infra Ltd is an integrated manufacturer and supplier of steel tubes, pipes, and allied products with manufacturing facilities in India.
Axis Securities has a buy rating on the stock with a target price of Rs 470, which translates to an upside of 32% as compared to its share price of Rs 356.
PVR INOX Ltd
PVR INOX Ltd is the largest and the most premium film exhibitor in India. The company also engaged in the business of providing content, film distribution, and entertainment parks through its subsidiaries.
ICICI Direct has a buy rating on the stock with a target price of Rs 1,950, which translates to an upside of 35% as compared to its share price of Rs 1,438.
Chalet Hotels Ltd
Chalet Hotels Limited operates and develops high-end hotels and resorts in India. It is one of the largest owners of luxury and upper-upscale hotels in India.
ICICI Direct has a buy rating on the stock with a target price of Rs 603, which translates to an upside of 34% as compared to its share price of Rs 449.85.
Written by Omkar Chitnis
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