Domestic benchmark indices Sensex and Nifty 50 ended sharply off the day’s low on Friday, posting the biggest single-day gain in the last two months. The BSE Sensex closed for the week at 65,387.16, up 0.77%, and the NSE Nifty 50 settled at 19,435.30 points, up 0.86%.
Meanwhile, here are eight stocks in which the brokerages recommend an upside of up to 44 percent:
SKF India Ltd
SKF India is a leading supplier of products, solutions & services within rolling bearings, seals, mechatronics, and lubrication systems.
ICICI Direct has a buy rating on the stock with a target price of ₹ 6,400.00. This represents an upside of 24.61 per cent as compared to the company’s share price of ₹ 5,136.00.
Ujjivan Small Finance Bank Ltd
Ujjivan Small Finance Bank is a mass market-focused bank in India that caters to financially unserved and underserved segments and is committed to building financial inclusion in the country.
Geojit Financial Services has maintained a buy rating on the stock with a target price of ₹ 62.00. This connotes an upside of 27.05 per cent as compared to the company’s share price of ₹ 48.80.
Globus Spirits Ltd
Globus Spirits, manufactures and sells Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), bulk alcohol hand sanitizer, and franchise bottling.
Nuvama has a tactical buy rating on the stock with a target price of ₹ 1,146.00. This signifies an upside of 28.27 percent as compared to the company’s share price of ₹ 893.45.
Sagar Cement Ltd
Sagar Cements is engaged in the business of manufacture and sale of cement.
ICICI Direct has a buy rating on the stock with a target price of ₹ 305.00. This hints at an upside of 29.62 percent as compared to the company’s share price of ₹ 235.30.
Somany Ceramics Ltd
Somany Ceramics manufactures complete decor solutions, its products include ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary-ware, bath fittings and allied products.
ICICI Securities has a buy rating on the shares of the company with a target price of ₹ 939.00. This translates to an upside of 30.43 percent as compared to the company’s share price of ₹ 719.90.
Nuvoco Vistas Corporation Ltd
Nuvoco Vista Corporation is one of the largest cement companies and concrete manufacturers in India. It offers Ready-mix Concrete (RMX), and modern building materials i.e. adhesives, wall putty, dry plaster, cover blocks, and more.
HDFC Securities has a buy rating on the stock with a target price of ₹ 475.00. This implies an upside of 37.58 percent as compared to the company’s share price of ₹ 345.25.
Tanla Platforms Ltd
Tanla Platforms is a cloud communications provider enabling businesses to communicate with their customers and intended recipients.
Geojit Financial Services has a buy rating on the stock with a target price of ₹ 1,349.00. This suggests an upside of 39.19 percent as compared to the company’s share price of ₹ 969.20.
Shyam Metalics & 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 a buy rating on the stock with a target price of ₹ 690.00. This indicates an upside of 43.75 percent as compared to the company’s share price of ₹ 480.00.
Written by Simran Bafna
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