The Indian Benchmark Indices opened in the green on Thursday with the Sensex having a flat movement of around 87 points, opening at 73,162.82 and the Nifty 50 index slipping opened with a gain of 10 points at 22,214.10.
In the last five trading sessions, the Sensex declined approximately 1.18 percent while the Nifty 50 index declined around 1.23 percent. Listed below are six stocks that one should add to their portfolio for a potential upside of up to 15 percent:
Cholamandalam Investment and Finance Company Limited
With a market capitalization of Rs. 90,045 Crores, the shares of Cholamandalam Investment and Finance Company Limited an NBFC engaged in providing vehicle finance, home loans, and Loan against property, were trading at Rs. 1,063, down 0.63 percent from its previous day’s close price of Rs. 1,069.20.
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1,470, indicating a potential upside of approximately 38 percent from the current market price as above.
Spandana Sphoorty Financial Limited
With a market capitalization of Rs. 6,584 Crores, the shares of Spandana Spoorty Financial Limited an NBFC engaged in providing microfinance focused on rural areas and women empowerment, were trading at Rs. 926.70, down 1.22 percent from its previous day’s close price of Rs. 938.15.
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1400, indicating a potential upside of approximately 51 percent from the current market price as above.
PNB Housing Finance Limited
With a market capitalization of Rs. 18,177 Crores, the shares of PNB Housing Finance Limited engaged in providing housing loans to individuals and corporate bodies, were trading at Rs. 699.95, down 0.37 percent from its previous day’s close price of Rs. 702.55.
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1,025 indicating a potential upside of approximately 46 percent from the current market price as above.
Hero Motocorp Limited
With a market capitalization of Rs. 88,273 Crores, the shares of Hero Motocorp Limited engaged in the development, manufacturing, marketing, sale, and distribution of two-wheelers, parts, and accessories related to it, were trading at Rs. 4,418, up 0.93 percent from its previous day’s close price of Rs. 4,377.65
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 5560 indicating a potential upside of approximately 26 percent from the current market price as above.
Jyothy Labs Limited
With a market capitalization of Rs. 17,047 Crores, the shares of Jyothy Labs Limited engaged in the development, manufacturing, marketing, sale, and distribution of FMCG products like dishwash, personal care products and many more, were trading at Rs.464.75, down 0.57 percent from its previous day’s close price of Rs. 467.40.
Sharekhan has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 590 indicating a potential upside of approximately 27 percent from the current market price as above.
Endurance Technologies Limited
With a market capitalization of Rs. 25,476 Crores, the shares of Endurance Technologies Limited an automotive components manufacturer engaged in the business of manufacturing and selling aluminum die casting, suspensions, transmissions, and many more, were trading at Rs. 1815, up 0.75 percent from its previous day’s close price of Rs. 1801.35.
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 2275 indicating a potential upside of approximately 25 percent from the current market price as above.
Written by: Bharath K.S
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