The Indian Benchmark Indices closed in the green on Friday with the Sensex gaining around 600 points and closing at 73,088.33 and the Nifty 50 index gaining 152 points and closing at 22,147. In the last five trading sessions, the Sensex slipped approximately 2.10 percent and the Nifty 50 index slipped around 2.50 percent.
Listed below are six stocks that one should add to their portfolio for a potential upside of up to 56 percent:
Infosys Limited
With a market capitalization of Rs 5.86 lakh crores, the stocks of Infosys Limited, providing consulting, technology, outsourcing and next-generation digital services, closed at Rs 1,411.60 on Friday, slipping around 0.60 percent compared to the previous closing levels of Rs 1,420.55 apiece.
Emkay Global gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 1,750 indicating a potential upside of approximately 24 percent compared to the prevailing stock price levels.
Tata Consultancy Services Limited
With a market capitalization of Rs 13.85 lakh crores, the stocks of Tata Consultancy Services Limited, a Tata Group company providing IT services, consulting and business solutions, closed at Rs 3,827.45 on Friday, slipping around 0.90 percent compared to the previous closing levels of Rs 3,863.50 apiece.
Sharekhan gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 4,750 indicating a potential upside of approximately 24.20 percent compared to the prevailing stock price levels.
Utkarsh Small Finance Bank Limited
With a market capitalization of Rs 6,043.72 crores, the stocks of Utkarsh Small Finance Bank Limited, engaged in providing banking and financial services, closed at Rs 54.97 on Friday, gaining around 5 percent compared to the previous closing levels of Rs 52.57 apiece.
ICICI Securities gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 70 indicating a potential upside of approximately 27 percent compared to the prevailing stock price levels.
Man Infraconstruction Limited
With a market capitalization of Rs 7,725.72 crores, the stocks of Man Infraconstruction Limited, an integrated EPC company with experience and execution capabilities in
Commercial, Industrial, Road construction segments, etc, closed at Rs 208.10 on Friday, slipping around 0.80 percent compared to the previous closing levels of Rs 209.65 apiece.
Axis Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 270 indicating a potential upside of approximately 30 percent compared to the prevailing stock price levels.
Hindustan Petroleum Corporation Limited
With a market capitalization of Rs 67,870.45 crores, the stocks of Hindustan Petroleum Corporation Limited, mainly engaged in the business of refining crude oil and marketing petroleum products, etc, closed at Rs 478.45 on Friday, gaining around 0.30 percent compared to the previous closing levels of Rs 477.25 apiece.
ICICI Securities gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 635 indicating a potential upside of approximately 33 percent compared to the prevailing stock price levels.
Angel One Limited
With a market capitalization of Rs 24,174.18 crores, the stocks of Angel One Limited, primarily engaged in the business of stock, commodity and currency broking, institutional broking, etc, closed at Rs 2,689 on Friday, slipping around 3.70 percent compared to the previous closing levels of Rs 2,792.05 apiece.
Motilal Oswal gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 4,200 indicating a potential upside of approximately 56 percent compared to the prevailing stock price levels.
Written by Amit Madnani
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