The Benchmark Indices concluded Wednesday’s trading session positively, with the Sensex rising by 149.8 points, or nearly 0.2 percent, ending the day at 79,105.88.
Meanwhile, the Nifty 50 index increased marginally by about 4.75 points, equivalent to a gain of nearly 0.02 percent, and closed in the green at 24,143.75.
Over the previous five trading sessions, the Nifty 50 index moved down by 0.63 percent, while the Sensex witnessed a decline of around 0.46 percent.
Following are the five stocks for which brokerages recommended an upside of up to 50 percent:
PNC Infratech Limited
With a market capitalisation of Rs. 11,795.7 crores, the stock moved up by nearly 1.06 percent on BSE to Rs. 489.25 on Wednesday.
The analysts of brokerage firm JM Financial have issued a ‘buy’ rating for PNC Infratech, setting a target price of Rs. 565 per share, indicating a potential upside of nearly 23 percent from Wednesday’s closing price of Rs. 459.8.
Incorporated in 1999, PNC Infratech Limited is engaged in the construction of highways including BOT (built, operate and transfer projects), HAM (Hybrid Annuity Model), airport runways, bridges, flyovers and power transmission projects, water supply projects and more.
Bajaj Electricals Limited
With a market capitalisation of Rs. 11,035 crores, the stock moved up by nearly 1 percent on BSE to Rs. 988.55 on Wednesday.
The analysts of brokerage firm Nuvama have issued a ‘buy’ rating for Bajaj Electricals, setting a target price of Rs. 1,200 per share, indicating a potential upside of nearly 25 percent from Wednesday’s closing price of Rs. 957.7.
Incorporated in 1938, Bajaj Electricals Limited deals in consumer products including domestic appliances, kitchen appliances, and electric fans, along with lighting solutions such as consumer and professional lighting.
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LIC Housing Finance Limited
With a market capitalisation of Rs. 35,421.3 crores, the shares of one of the largest housing finance companies in India moved up by nearly 1 percent on BSE to Rs. 646.95 on Wednesday.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for LIC Housing Finance, setting a target price of Rs. 860 per share, indicating a potential upside of nearly 34 percent from Wednesday’s closing price of Rs. 643.95.
Incorporated in 1989, LIC Housing Finance Limited is a housing finance company registered with the National Housing Bank (NHB) and is engaged in financing the purchase/construction of residential flats/houses to individuals and project finance to developers, Loan against Property (LAP), Lease Rental Discounting (LRD) etc.
Sun TV Network Limited
With a market capitalisation of Rs. 32,133.6 crores, the stock moved up by nearly 1 percent on BSE to Rs. 826 on Wednesday.
The analysts of brokerage firm JM Financial have issued a ‘buy’ rating for Sun TV Network, setting a target price of Rs. 1,180 per share, indicating a potential upside of nearly 45 percent from Wednesday’s closing price of Rs. 815.4.
Incorporated in 1985, Sun TV Network Limited is engaged in the business of producing and broadcasting satellite television and radio software programming in the regional languages.
Suryoday Small Finance Bank Limited
With a market capitalisation of Rs. 1,976 crores, the shares of a scheduled commercial bank closed at Rs. 186 on Wednesday, as against its previous closing price of Rs. 190.35.
The analysts of brokerage firm Centrum Broking have issued a ‘buy’ rating for Suryoday Small Finance Bank, setting a target price of Rs. 279 per share, indicating a potential upside of 50 percent from Wednesday’s closing price of Rs. 186.
Suryoday Small Finance Bank Limited is primarily engaged in extending micro-credit to economically weaker women who are otherwise unable to access finance from the mainstream banking channels.
The Bank also provides finance for mortgage loans, commercial vehicles, loans to MSMEs and loans to non-banking finance companies (NBFCs).
Written by Shivani Singh
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