The Benchmark Indices closed in the green on Friday, with the Sensex gaining 847.27 points or 1.18 percent, ending the week at 72,568.45, and the Nifty 50 index gaining 247.35 points or 1.14 percent, ending the week at 21,894.55.
In the last five trading sessions, the Sensex gained around 0.75 percent and the Nifty 50 index moved up by 0.85 percent.
Listed below are six stocks in which the brokerages recommended an upside of up to 76%:
Metro Brands Ltd
The company is one of the largest Indian footwear & accessories specialty retailers. The company includes a range of casual footwear, workwear, and embellished footwear for parties, festivals, and weddings for the entire family.
The company markets its products under the brands of Metro, Mochi, Walkway, Da Vinchi, and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, and Fitflop.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,530 indicating a potential upside of around 20 percent compared to the current stock prices prevailing in the market.
Mahindra & Mahindra Ltd
Mahindra & Mahindra Ltd is a diversified conglomerate that is in the business of financial services, auto components steel trading and processing, IT businesses, agri, aerospace, consulting services, defence, energy, and many more.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 2,005 indicating a potential upside of 23 percent compared to its share price of Rs 1,624 per share.
Dabur India Ltd
Dabur India is one of the leading fast-moving consumer goods (FMCG) players dealing in consumer care and food products. The company is the fourth-largest FMCG Company in India and the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over 250 Herbal/Ayurvedic products.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 685 indicating a potential upside of around 25 percent compared to its share price of Rs 550 per share.
Maruti Suzuki India Ltd
Maruti Suzuki India Ltd is India’s largest passenger car company, accounting for over 50% of the domestic car market. The company is engaged in the business of manufacturing, purchasing, and sale of motor vehicles and spare parts (automobiles). The company offers its cars under various brands such as Maruti Alto to stylish hatchbacks Ritz, A-star, Swift, Wagon R, Estillo, sedans DZire, and many more.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 12,300 indicating a potential upside of 23 percent compared to its share price of Rs 9,974 per share.
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 gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 625 indicating a potential upside of around 27 percent compared to its share price of Rs 491 per share.
Polycab India Ltd
Polycab is India’s leading manufacturer of cables and wires and allied products such as uPVC conduits lugs and glands. Polycab has also launched a wide range of consumer electrical products like Fans, Switches, Switchgear, LED lights and Luminaries, Solar Inverters, and Pumps.
Jefferies has a target price of Rs 7,000 indicating a potential upside of around 76 percent compared to its share price of Rs 3,981 per share. (As per CNBC TV18 news report)
Written by Omkar Chitnis
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