The Indian Benchmark Indices closed at flatter levels on Thursday with the Sensex having a flat movement of around 34 points and closing at 74,119.39 and the Nifty 50 index gaining just 20 points and closing at 22,493.55.
In the last five trading sessions, the Sensex gained approximately 1.40 percent while the Nifty 50 index gained around 1.70 percent. Listed below are six stocks that one should add to their portfolio for a potential upside of up to 70 percent:
Ramkrishna Forgings Limited
With a market capitalization of Rs 13,090.91 crores, the stocks of Ramkrishna Forgings Limited, engaged in the manufacture and sale of forged components of automobiles, railway wagons, etc, closed at Rs 724.15 on Thursday, gaining around 0.30 percent as compared to the previous closing levels of Rs 721.90 apiece.
Sharekhan gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 888 indicating a potential upside of approximately 23 percent as compared to the prevailing stock price levels.
Syrma SGS Technology Limited
With a market capitalization of Rs 9,332.98 crores, the stocks of Syrma SGS Technology Limited, engaged in electronics manufacturing services (EMS), closed at Rs 525.55 on Thursday, gaining around 1.10 percent as compared to the previous closing levels of Rs 519.85 apiece.
CLSA gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 645 indicating a potential upside of approximately 24 percent as compared to the prevailing stock price levels.
Manappuram Finance Limited
With a market capitalization of Rs 14,596.77 crores, the stocks of Manappuram Finance Limited, an NBFC company providing a wide range of fund and fee-based services, closed at Rs 172.45 on Thursday, slipping around 1 percent as compared to the previous closing levels of Rs 174.05 apiece.
Geojit BNP Paribas gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 215 indicating a potential upside of approximately 25 percent as compared to the prevailing stock price levels.
AU Small Finance Bank Limited
With a market capitalization of Rs 38,254.85 crores, the stocks of AU Small Finance Bank Limited, providing a range of banking and financial services including retail banking, wholesale banking, etc, closed at Rs 571.70 on Thursday, gaining around 0.90 percent as compared to the previous closing levels of Rs 566.65 apiece.
Motilal Oswal gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 800 indicating a potential upside of approximately 40 percent as compared to the prevailing stock price levels.
One 97 Communications Limited
With a market capitalization of Rs 25,472.59 crores, the stocks of One 97 Communications Limited, providing a digital ecosystem for consumers as well as merchants, closed at Rs 401.05 on Thursday, gaining around 2 percent as compared to the previous closing levels of Rs 393 apiece.
Motilal Oswal gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 575 indicating a potential upside of approximately 44 percent as compared to the prevailing stock price levels.
EPL Limited
With a market capitalization of Rs 5,883.64 crores, the stocks of EPL Limited, the largest specialty packaging global company in India, closed at Rs 184.80 on Thursday, gaining around 1 percent as compared to the previous closing levels of Rs 182.95 apiece.
Motilal Oswal gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 275 indicating a potential upside of approximately 47 percent as compared to the prevailing stock price levels.
Written by Amit Madnani
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