The Benchmark Indices closed in the green on Friday with the Sensex gaining 283 points and closing at Rs 64,363.78, and, the Nifty 50 index gaining 97 points and closing at Rs 19,230.60.
Listed below are six stocks that one should buy now for a potential upside of up to 40 percent:
Bharti Airtel Limited
With a market capitalization of Rs 5.23 lakh crores, the stocks of Bharti Airtel Limited, one of the world’s leading telecom providers, closed at Rs 930.70 on Friday, gaining approximately 0.70 percent as compared to the previous closing levels of Rs 924.15 apiece.
Axis Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,155 indicating a potential upside of around 24 percent as compared to the current stock prices prevailing in the markets.
Star Health and Allied Insurance Company Limited
With a market capitalization of Rs 32,076.58 crores, the stocks of Star Health and Allied Insurance Company Limited, the largest private health insurer in India, closed at Rs 549 on Friday, a flat movement as compared to the previous closing levels of Rs 548.65 apiece.
ICICI Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 700 indicating a potential upside of around 28 percent as compared to the current stock prices prevailing in the markets.
Greenpanel Industries Limited
With a market capitalization of Rs 4,147.26 crores, the stocks of Greenpanel Industries Limited, engaged in the manufacturing of plywood and other allied products, closed at Rs 338.20 on Friday, slipping approximately 0.50 percent as compared to the previous closing levels of Rs 339.75 apiece.
HDFC Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 435 indicating a potential upside of around 29 percent as compared to the current stock prices prevailing in the markets.
ACC Limited
With a market capitalization of Rs 34,946.27 crores, the stocks of ACC Limited, engaged in the business of manufacturing and selling cement and ready-mix concrete, closed at Rs 1,860.95 on Friday, a flat movement as compared to the previous closing levels of Rs 1,862.95 apiece.
HDFC Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 2,440 indicating a potential upside of around 31 percent as compared to the current stock prices prevailing in the markets.
PNC Infratech Limited
With a market capitalization of Rs 8,722.33 crores, the stocks of PNC Infratech Limited, an infrastructure development company undertaking various projects for highways, bridges, flyovers, etc, closed at Rs 340 on Friday, gaining approximately 3.20 percent as compared to the previous closing levels of Rs 329.65 apiece.
HDFC Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 452 indicating a potential upside of around 33 percent as compared to the current stock prices prevailing in the markets.
Syrma SGS Technology Limited
With a market capitalization of Rs 9,014.79 crores, the stocks of Syrma SGS Technology Limited, engaged in electronics manufacturing services (EMS), closed at Rs 509.95 on Friday, slipping approximately 2.70 percent as compared to the previous closing levels of Rs 523.90 apiece.
ICICI Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 711 indicating a potential upside of around 40 percent as compared to the current stock prices prevailing in the markets.
Written by Amit Madnani
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