The domestic benchmark indexes closed in the red on Friday with the BSE Sensex fell 106.62 points, or 0.16 percent, ending the week at 66,160.20. Similarly, the NSE Nifty 50 fell 13.85 points, or 0.070 percent, to 19,646.05.
Here are six stocks in which the brokerages recommend an upside of up to 45 percent:
Ujjivan Small Finance Bank Ltd
Ujjivan Small Finance Bank, India’s top small finance bank, provides financial services such as house loans, business, personal, and automobile loans, online savings accounts and deposits.
ICICI Securities has a buy rating on the stock with a target price of Rs 44.3, which translates to an upside of 35 percent as compared to its share price of Rs 60.
TeamLease Services Ltd
Team Lease Services offers employment services. It offers personnel, recruiting, training, payroll processing, and regulatory compliance solutions.
Motilal Oswal has a buy rating on the stock with a target price of Rs 2,950, which translates to an upside of 27 percent as compared to its share price of Rs 2,315.
Lemon Tree Hotels Ltd
Lemon Tree Hotels Ltd is India’s largest mid-priced hotel company and the third largest total hotel chain. Company operates in the mid-priced and upmarket divisions, which include upper-midscale, midscale, and economy.
Motilal Oswal has a buy rating on the stock with a target price of Rs 115, which translates to an upside of 26 percent as compared to its share price of Rs 91.
Mahindra & Mahindra Financial Services Ltd
Mahindra & Mahindra Financial Services Limited is a non-banking financial company that primarily finances the acquisition of new and used auto and utility vehicles, tractors, autos, commercial vehicles, construction equipment, and SME financing.
Motilal Oswal has a buy rating on the stock with a target price of Rs 400, which translates to an upside of 33 percent as compared to its share price of Rs 299.60.
Axis Bank Ltd
Axis Bank,India’s third largest private sector bank that provides a full range of financial services for clients in the Large and Mid-Corporate, MSME, Agriculture, and Retail Business categories.
HDFC Securities has a buy rating on the stock with a target price of Rs 1,150, which translates to an upside of 21 percent as compared to its share price of Rs 949.95.
Bharat Petroleum Corporation Ltd
Bharat Petroleum Corporation is India’s second-largest government-owned downstream oil producer, which is engaged in the business of refining crude oil and marketing of petroleum products.
ICICI Securities has a buy rating on the stock with a target price of Rs 540, which translates to an upside of 45 percent as compared to its share price of Rs 373.45.
Written by Omkar Chitnis
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