Potential upside refers to the expected increase in an asset’s value, driven by favorable market conditions, strategic business moves, or robust financial performance. Identifying potential upside involves analyzing growth drivers, market trends, and company fundamentals, offering investors opportunities for substantial returns on their investments.
Here are the stocks with an upside potential of up to 44%:
Gabriel India Ltd
Gabriel India Limited manufactures ride control components including shock absorbers, struts, and front forks. It is involved in the trading of automotive components. With a market capitalization of Rs 7,149.88 crore, the shares closed at Rs 495.00 per share, increased around 1.33 percent as compared to the previous closing price.
Elara Capital, one of the well-known brokerages globally, gave a ‘Buy’ call on the auto stock with a target price of Rs 624 apiece, indicating a potential upside of 26 percent from Friday’s closing price of Rs 495.00 per share.
Ujjivan Small Finance Bank Ltd
Ujjivan Small Finance Bank Limited is an Indian small finance bank. The company operates in three segments: Treasury, Retail Banking, and Corporate/ Wholesale. With a market capitalization of Rs 8,686.90 crore, the shares closed at Rs 44.99 per share, decreased around 0.02 percent as compared to the previous closing price.
JM Financial, one of the well-known brokerages in India, gave a ‘Buy’ call on the Bank stock with a target price of Rs 65 apiece, indicating a potential upside of 44 percent from Friday’s closing price of Rs 44.99 per share.
Bajaj Finance Limited
Bajaj Finance Ltd. lends and accepts deposits. It offers a diverse loan portfolio that includes retail, small and medium-sized companies (SMEs), and commercial clients, with operations in both urban and rural India. With a market capitalization of Rs 4.41 lakh crore, the shares closed at Rs 7,134.00 per share, increased around 0.36 percent as compared to the previous closing price.
Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the NBFC stock with a target price of Rs 9,300 apiece, indicating a potential upside of 30 percent from Friday’s closing price of Rs 7,134 per share.
Jyothy Labs Ltd
Jyothy Labs Limited is an FMCG firm. The company manufactures and markets products for fabric cleaning, dishwashing, mosquito repellent, and personal care. With a market capitalization of Rs 17,367.13 crore, the shares closed at Rs 472.95 per share, increased around 0.30 percent as compared to the previous closing price.
HDFC Securities, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 575 apiece, indicating a potential upside of 21 percent from Friday’s closing price of Rs 472.95 per share.
Apollo Tyres Ltd.
Apollo Tyres Limited manufactures and sells vehicle tires. The company operates in the automotive tire, automobile tube, and automobile flaps segments. With a market capitalization of Rs 33,371.38 crore, the shares closed at Rs 525.45 per share, decreased around 0.55 percent as compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the tyre stock with a target price of Rs 635 apiece, indicating a potential upside of 21 percent from Friday’s closing price of Rs 525.45 per share.
Written by:- Abhishek Singh.
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