The Indian Benchmark Indices closed in Red on Friday with the Sensex gaining losing around 269 points ending the week at 77,209.90 and the Nifty 50 index losing around 65.90 points ending the week at 23,501.10
In the last five trading sessions, the Sensex gained approximately 0.54 percent while the Nifty 50 index gained around 0.64 percent.
Listed below are six stocks that one should add to their portfolio for a potential upside of up to 60 percent:
Angel One
With a market capitalization of Rs. 23,606 Crores, the shares of Angel One Limited a diversified financial services company, engaged in the business of stock, commodity, currency broking, and many more closed at Rs. 2,621.20 per share up 1.52 percent from its previous day’s close price of Rs. 2,581.85.
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 4200, indicating a potential upside of approximately 60 percent from the market close price as above.
Spandana Sphoorty Financial
With a market capitalization of Rs. 5,365.71 Crores, the shares of Spandana Sphoorty Financial Limited an NBFC engaged in providing microfinance focused on rural areas and women Empowerment closed at Rs. 752.20 per share down 2.67 percent from its previous day’s close price of Rs. 773.15.
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1075, indicating a potential upside of approximately 43 percent from the market close price as above.
Muthoot Microfin
With a market capitalization of Rs. 4,274 Crores, the shares of Muthoot Microfin Limited an NBFC engaged in providing micro-loans to female customers with a focus on rural regions in India closed at Rs. 250.25 per share down 0.06 percent from its previous day’s close price of Rs. 250.40.
Foreign Broker Investec has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 350, indicating a potential upside of approximately 40 percent from the market close price as above.
ACC
With a market capitalization of Rs. 48,606 Crores, the shares of ACC Limited engaged in the business of manufacturing and selling Cement and Ready Mix Concrete closed at Rs. 2,588.40 per share down 1.35 percent from its previous day’s close price of Rs. 2,623.80.
Prabhudas Lilladher has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 3509, indicating a potential upside of approximately 36 percent from the market close price as above.
FSN E-Commerce
With a market capitalization of Rs. 49,580.33 Crores, the shares of FSN E-Commerce Limited engaged in the business of manufacturing, selling, and distributing beauty, wellness, fitness, personal care, health care, skincare, and hair care products closed at Rs. 173.55 per share up 0.06 percent from its previous day’s close price of Rs. 173.45.
JM Financial has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 230, indicating a potential upside of approximately 33 percent from the market close price as above.
Mankind Pharma
With a market capitalization of Rs. 86,537 Crores, the shares of Mankind Pharma Limited engaged in developing, manufacturing, and selling a diverse range of market pharmaceutical formulations closed at Rs. 2,160 per share down 1.35 percent from its previous day’s close price of Rs. 2,189.50.
Motilal Oswal Financial Services has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 2650, indicating a potential upside of approximately 23 percent from the market close price as above.
Written by: Bharath K.S
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