In Friday’s trading session, the benchmark indices closed lower, with the Nifty 50 index dropping by 234.40 points (1.03%) to settle at 22,519.40, and the Sensex index falling by 793.25 points (1.06%) closed at 74,244.90.
Over the past four trading sessions, the Sensex saw a decrease of approximately 0.11 percent or 80.38 points, while the Nifty 50 index experienced a decline of 9.8 points.
Listed below are six stocks in which the brokerages have recommended an upside of up to 40%:
Man Infraconstruction Ltd
Man Infraconstruction Limited (MICL) is an integrated EPC (Engineering, Procurement & Construction) company with experience and execution capabilities in Port, Residential, Commercial & Industrial, and Road construction segments.
Axis Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 270, indicating a potential upside of 25 percent compared to its share price of Rs 217 per share
Entero Healthcare Solutions Ltd
Entero Healthcare Solutions Limited is a distributor of healthcare products in India. They facilitate access for healthcare product manufacturers to pharmacies, hospitals, and clinics across India.
Jefferies gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,510 indicating a potential upside of 29 percent compared to its share price of Rs 1,171 per share.
Utkarsh Small Finance Bank Ltd
Utkarsh Small Finance Bank Ltd is a financial institution that provides affordable banking services, including loans, accounts, deposits, and investments across India to meet everyday financial needs.
ICICI securitie gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 70 indicating a potential upside of 32 percent compared to its share price of Rs 53 per share.
Hindustan Petroleum Corporation Ltd
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining of crude oil and marketing of petroleum products, production of hydrocarbons as well as providing services for management of E&P Blocks.
ICICI securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 625 indicating a potential upside of 30 percent compared to its share price of Rs 481 per share.
Puravankara Ltd
The company is in the business of the development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa.
Yes Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 452, indicating a potential upside of 40 percent compared to its share price of Rs 324 per share.
Neuland Laboratories Ltd
Neuland Laboratories is engaged in the manufacturing and selling of bulk drugs and caters to both domestic and international markets.
Goldman Sachs gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 9,100, indicating a potential upside of 37 percent compared to its share price of Rs 6,660 per share.
Written by Omkar Chitnis
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