On Friday, domestic benchmark indexes closed in the red. The BSE Sensex fell 47.77, or 0.072%, ending the week at 65,970.04. Similarly, the NSE Nifty 50 fell 7.30 points, or 0.037 to 19,794.70.
Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 62%:
Sai Silks (Kalamandir) Ltd
Sai Silks (Kalamandir) Limited is a limited textile company that provides ethnic apparel and value-fashion products through its four store formats – ‘Kalamandir‘, ‘VaraMahalakshmi Silks‘, ‘Mandir‘ and ‘KLM Fashion Mall”.
HDFC Securities has a buy rating on the stock with a target price of Rs 385, which translates to an upside of 29% as compared to its Friday close price of Rs 298.75 per share.
ITD Cementation India Ltd
ITD Cementation India Limited offers design, engineering, procurement, and construction (EPC) services for infrastructure projects in India.
Edelweiss Securities has a buy rating on the stock with a target price of Rs 340, which translates to an upside of 27% as compared to its Friday close price of Rs 268.45 per share.
Axis Bank
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture, and Retail Businesses.
Emkay Global Financial has a buy rating on the stock with a target price of Rs 1,300, which translates to an upside of 29% as compared to its Friday close price of Rs 1,008.50 per share.
Gati Ltd
Gati Ltd is primarily engaged in express distribution and supply chain solutions through surface, air, and rail logistics, supply chain management (SCM), E-comm logistics, freight forwarding, and cold chain – transportation and warehousing.
Edelweiss Securities has a buy rating on the stock with a target price of Rs 222, which translates to an upside of 62% as compared to its Friday close price of Rs 137.10 per share.
Union Bank of India Ltd
Union Bank of India provides banking services, government business, merchant banking, agency business insurance, mutual funds, and wealth management, among other things.
BoFA Securities has a buy rating on the stock with a target price of Rs 140, which translates to an upside of 31% as compared to its Friday close price of Rs 106.95 per share.
Canara Bank
Canara Bank is a public sector bank. The bank offers Personal Banking-i.e.saving accounts, deposits, loans, mutual funds, Insurance, internet banking, debit cards, credit cards, etc.
BoFA Securities has a buy rating on the stock with a target price of Rs 490, which translates to an upside of 25% as compared to its Friday close price of Rs 389.80 per share.
Written by Omkar Chitnis
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