It’s Q3 results time and we have numerous Brokerages who have lined up to provide stock price targets based on various estimates for the results along with many other factors.
Listed below are three stocks under the ‘mid-cap’ category to buy now for a potential upside of up to 25 percent:
Dalmia Bharat Limited
With a market capitalization of Rs 44,918.59 crores, the stocks of Dalmia Bharat Limited, engaged in the business of manufacturing and selling cement, started their trading session on Friday at Rs 2,379.65 and currently trade at Rs 2,394.05, gaining around 1.40 percent as compared to the previous close of Rs 2,361.55 apiece.
Motilal Oswal gave a ‘Buy’ recommendation on the company’s stock price with a target price of Rs 2,800 indicating a potential upside of approximately 17 percent as compared to the prevailing stock price level.
The rationale behind providing such a recommendation pertains to the company’s focus on cost efficiency, innovation, as well as sustainability, strong operating cash flows, and to have a presence as a pan-India cement player.
APL Apollo Tubes Limited
With a market capitalization of Rs 41,827.11 crores, the stocks of APL Apollo Tubes Limited, one of India’s leading branded steel products manufacturers, started their trading session on Friday at Rs 1,456.45 and currently trade at Rs 1,507.15, gaining around 4 percent as compared to the previous close of Rs 1,449.80 apiece.
Axis Direct gave a ‘Buy’ recommendation on the company’s stock price with a target price of Rs 1,750 indicating a potential upside of approximately 16 percent as compared to the prevailing stock price level.
The rationale behind providing such a recommendation pertains to the Brokerage’s outlook for improved margins and aggressive capacity expansion plans by FY30.
Delhivery Limited
With a market capitalization of Rs 29,754.52 crores, the stocks of Delhivery Limited, providing a full range of logistics services, started their trading session on Friday at Rs 408.30 and currently trade at Rs 404.80, a flat movement as compared to the previous close of Rs 404.30 apiece.
ICICI Securities gave a ‘Buy’ recommendation on the company’s stock price with a target price of Rs 500 indicating a potential upside of approximately 24 percent as compared to the prevailing stock price level.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
