The domestic benchmark indexes closed in the red on Friday with the BSE Sensex falling 365.83 points, or 0.56 percent, ending the week at 64,866.51. Similarly, the NSE Nifty 50 fell 120.90 points, or 0.62 percent, to 19,265.80.
Here are seven stocks in which the brokerages recommend an upside of up to 43 percent:
IIFL Finance Ltd.
IIFL Finance Ltd is a diversified NBFC in India engaged in the business of loans and mortgages, It offers a wide spectrum of products such as Home loans, Gold loans, business loans, microfinance, capital market finance, and developer & construction finance, etc
ICICI Securities has a buy rating on the stock with a target price of Rs 760, which translates to an upside of 29 percent as compared to its share price of Rs 586.30.
Can Fin Homes Ltd
Can Fin Homes Ltd. is a public deposit-taking housing finance company, that focuses on funding to low & middle-income group individuals & first-time homebuyers preferably salaried or professional.
ICICI Direct has a buy rating on the stock with a target price of Rs 935, which translates to an upside of 26.5 percent as compared to its share price of Rs 738.90.
CIE Automotive India Ltd
C.E. Info Systems Ltd is India’s top advanced digital maps and deep-tech firm, also known as MapmyIndia in India and Mappls abroad. It is India’s most comprehensive GPS navigation and tracking service provider.
ICICI Direct has a buy rating on the stock with a target price of Rs 625, which translates to an upside of 23.6 percent as compared to its share price of Rs 505.50.
HEG Ltd
HEG Ltd is a leading manufacturer and exporter of graphite electrodes in India. It operates the largest single-site integrated graphite electrode plant in the world.
Jefferies Financial Group has a buy rating on the stock with a target price of Rs 2,170, which translates to an upside of 26 percent as compared to its share price of Rs 1,719.
Tata Motors Ltd
Tata Motors Group is a leading global automobile manufacturer, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses, and defence vehicles to the world.
Motilal Oswal has a buy rating on the stock with a target price of Rs 750, which translates to an upside of 24 percent as compared to its share price of Rs 605.10.
Galaxy Surfactants Ltd
Galaxy Surfactants Ltd is a leading manufacturer of Performance Surfactants and Specialty Care products and the company is India’s Largest Manufacturer of Oleo chemical-based Surfactants and Specialty Care Products for Home Care and Personal Care Industries.
HDFC Securities has a buy rating on the stock with a target price of Rs 3,496, which translates to an upside of 31 percent as compared to its share price of Rs 2,685
Ashoka Buildcon Ltd.
Ashoka Buildcon Ltd is engaged in the business of construction and infrastructure facilities on an EPC and BOT basis. It is also involved in the sale of ready-mix concrete.
Yes Securities has a buy rating on the stock with a target price of Rs 142, which translates to an upside of 43 percent as compared to its share price of Rs 99.25.
Written by Omkar Chitnis
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