Benchmark indices were in the red today with Sensex losing around 695 points and closed at Rs 61,054.29 and Nifty losing about 187 points and closing at Rs 18,069.
Listed below are 6 stocks that are recommended by Brokerages for an upside of up to 56 percent:
PI Industries Limited
PI Industries Limited manufactures, distributes, and sells specialty fertilizers, agrochemicals, and seeds to the agriculture industry. The firm’s agrochemicals portfolio includes fungicides, insecticides, and plant health products.
Motilal Oswal Financial Services has a buy call on the shares of PI Industries with a target price of Rs 4,450. This translates to an upside of 29% as compared to the closing price of Rs 3,449.45 on Friday.
Dabur India Limited
Dabur India Limited, an Indian FMCG company, operates in various consumer product categories such as oral care, hair care, home and personal care foods, etc.
ICICI Direct has a buy call on the shares of Dabur India with a target price of Rs 675. This translates to an upside of 33.6% as compared to the closing price of Rs 505.45 on Friday.
Home First Finance Company India Limited
Home First Finance Company India Limited is an affordable housing finance company that is primarily engaged in the business of lending housing loans, loans against property, construction finance, and loans to purchase a commercial property.
Nuvama has a buy call on the shares of Home First Finance Company India with a target price of Rs 930. This translates to an upside of 34.02% as compared to the closing price of Rs 693.95 on Friday.
SIS Limited
SIS Limited is a security services company offering solutions across service lines such as electronic security solutions, security services, and and alarm – monitoring and response. It operates primarily within India and conducts operations overseas in Australia out of which the latter contributes the vast majority of revenue.
Motilal Oswal Financial Services has a buy call on the shares of SIS with a target price of Rs 520. This translates to an upside of 35.29% as compared to the closing price of Rs 384.35 on Friday.
Rossari Biotech Limited
Rossari Biotech Limited is a specialty chemical manufacturing company providing customized solutions to specific industrial and production requirements of its customers in the apparel, FMCG, poultry and animal feed industries through its diversified product portfolio comprising personal care & performance chemicals and animal health & nutrition products.
Nuvama has a buy call on the shares of Rossari Biotech with a target price of Rs 926. This translates to an upside of 36.19% as compared to the closing price of Rs 679.95 on Friday.
Tanla Platforms
Tanla Platforms Limited is engaged in the provision of Cloud Communications for People and Things, Voice, Messaging, and IoT services. Geographically, the company derives a majority of revenue from domestic operations within India.
HDFC Securities has a ‘Buy’ call on the shares of Tanla Platforms with a target price of Rs 1,050. This translates to an upside of 56% as compared to the closing price of Rs 674 on Friday.
Written by Amit Madnani
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