Indian equity benchmarks— BSE Sensex and NSE Nifty 50 ended higher on Friday, breaking a three-day losing streak, led by financial and IT shares. The Sensex closed for the week at 65,721.25 points (up 480.57 points or 0.74 percent), while the Nifty 50 settled at 19,517.00 (up 135.35 points or 0.70 percent).
Meanwhile, here are 8 stocks in which brokerages recommend an upside of up to 52 percent:
Navin Fluorine International
Navin Fluorine is primarily engaged in producing refrigeration gases, inorganic fluorides, speciality organofluorines and offers contract research and manufacturing services.
JM Financial has a buy rating on its shares with a target price of ₹ 5,495.00. This translates to an upside of 22.11 percent as compared to the company’s share price of ₹ 4,500.00.
PSP Projects Ltd
PSP Projects is a construction company that offers a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India.
ICICI Direct has maintained a buy rating on the stock with a target price of ₹ 975.00. This implies an upside of 25.29 percent as compared to the company’s share price of ₹ 778.20.
Coromandel International Ltd
Coromandel International is one of India’s leading agri solutions providers with a diverse range of products and services across the farming value chain. It specializes in fertilizers, crop protein, bio-pesticide, speciality nutrients, organic fertilizers, and so on.
Prabhudas Lilladher has a buy rating on the stock with a target price of ₹ 1330.00. This signifies an upside of 27.76 percent as compared to the company’s share price of ₹ 1,041.25.
Piramal Enterprises Ltd
Piramal Enterprises is one of India’s largest diversified companies with financial services and pharmaceutical business. Motilal Oswal has maintained a buy rating on the stock with a target price of ₹ 1260.00.
This hints at an upside of 30.43 percent as compared to the company’s share price of ₹ 966.00.
Tata Motors Ltd
Tata Motors Group is a leading global automobile manufacturer with a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles.
ICICI Direct has a buy rating on the stock with a target price of ₹ 810. This connotes an upside of 31.54 percent as compared to the company’s share price of ₹ 615.80.
Indraprastha Gas Ltd
Indraprastha Gas is in the business of city gas distribution in the National Capital Territory of Delhi. It also supplies gas to the nearby regions of Noida, Greater Noida, Ghaziabad, Hapur, Gurugram, Meerut, and so on. It is a JV promoted by GAIL (India) Limited and Bharat Petroleum Corporation (BPCL).
ICICI Securities has a buy rating on the stock with a target price of ₹ 615.00. This suggests an upside of 34.96 percent as compared to the company’s share price of ₹ 455.70.
Shyam Metalics and Energy Ltd
Shyam Metalics is a leading integrated metal-producing company based in India with a focus on long steel products and ferroalloys. ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 570.00.
This indicates an upside of 42.68 percent as compared to the company’s share price of ₹ 399.50.
Greenpanel Industries Ltd
Greenpanel Industries manufactures plywood, medium-density fibre boards (MDF) and allied products. ICICI Securities has a buy rating on the company’s stock with a target price of ₹ 509.00.
This represents an upside of 52.17 percent as compared to the company’s share price of ₹ 334.50.
Written by Simran Bafna
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