On Thursday’s early trade benchmark index opened in green with the Nifty 50 index gaining by 15.05 points (0.067%), closing at 22,494.15, while the Sensex index gaining by 64.65 points (0.087%), ending the day at 74,150.64..
Listed below are six stocks in which the brokerages have recommended an upside of up to 47%:
Zomato Ltd
Zomato Limited is one of the leading online food service platforms in terms of the value of food sold. Its offerings include food delivery, dining-out services, loyalty programs, and others. The company has a footprint across 23 countries and an average monthly food order of 10.7 million customers.
CLSA gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 227, indicating a potential upside of 39 percent compared to its share price of Rs 163 per share.
Union Bank of India
Union Bank of India is engaged in the business of banking services, government business, merchant banking, agency business insurance, mutual funds, wealth management, and many others.
ICICI Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 180, indicating a potential upside of 15 percent compared to its share price of Rs 156 per share.
Bharti Airtel Ltd
Bharti Airtel Ltd. is one of the world’s leading providers of telecommunications services. The company’s diversified service range includes mobile, voice, and data solutions, using 2G, 3G, and 4G technologies.
Axis Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,400, indicating a potential upside of 17 percent compared to its share price of Rs 1,199 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.
Axis Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 565, indicating a potential upside of 27 percent compared to its share price of Rs 445 per share.
Uno Minda Ltd
Uno Minda Ltd. manufactures and supplies automotive solutions and systems to original equipment manufacturers. The company is a manufacturer of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems, and alloy wheels.
Geojit gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 792, indicating a potential upside of 26 percent compared to its share price of Rs 628 per share.
La Opala RG Ltd
La Opala RG is a leading manufacturer and marketer of tableware (opal and glass) in India.
Centrum brokerage gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 491, indicating a potential upside of 47 percent compared to its share price of Rs 335 per share.
Written by Omkar Chitnis
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.
