The Benchmark Indices concluded Friday’s trading session negatively, with the Sensex declining marginally by 71.77 points, or nearly 0.08 percent, ending the day at 82,890.94.
Meanwhile, the Nifty 50 index decreased by about 32.4 points, equivalent to a fall of nearly 0.13 percent, and closed in the red at 25,356.5.
Over the previous five trading sessions, the Nifty 50 index moved up by 2.03 percent, while the Sensex witnessed a growth of around 2.1 percent.
Following are the five stocks for which brokerages recommended an upside of up to 44 percent:
PG Electroplast Limited
With a market capitalisation of Rs. 16,077.4 crores, the shares of one of the pioneers and leaders in electronic manufacturing services and plastic molding moved up by nearly 3.2 percent on BSE to Rs. 635.55 on Friday.
The analysts of brokerage firm Axis Securities have issued a ‘buy’ rating for PG Electroplast, setting a target price of Rs. 770 per share, indicating a potential upside of nearly 25 percent from Friday’s closing price of Rs. 614.5.
PG Electroplast Limited is an Electronic Manufacturing Services (EMS) provider for Original Equipment Manufacturers (OEMs) of consumer electronic products in India.
The company manufactures and/or assembles a comprehensive range of consumer electronic components and finished products such as kitchen appliances, air conditioners (ACs) sub-assemblies, air coolers, washing machines, mobile handsets, and LEDs for third parties.
Ambuja Cements Limited
With a market capitalisation of Rs. 1.54 lakh crores, the shares of one of India’s leading cement companies and a member of the diversified Adani Group moved up by nearly 1.03 percent on BSE to Rs. 635.45 on Friday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Ambuja Cements, setting a target price of Rs. 801 per share, indicating a potential upside of nearly 27 percent from Friday’s closing price of Rs. 629.
Ambuja Cements Limited is a major cement-producing company in India and its principal activity is to manufacture and market cement and clinker for both domestic and export markets.
Indian Bank
With a market capitalisation of Rs. 70,069 crores, the stock moved up by nearly 1 percent on BSE to Rs. 525 on Friday.
The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating for Indian Bank, setting a target price of Rs. 675 per share, indicating a potential upside of nearly 30 percent from Friday’s closing price of Rs. 520.2.
Started in 1907, Indian Bank is a medium-sized bank that offers deposits, loans and services, while its segments include treasury, corporate or wholesale banking, retail banking and other banking operations.
PVR Inox Limited
With a market capitalisation of Rs. 16,243 crores, the stock moved up by nearly 4.2 percent on BSE to Rs. 1,661.3 on Friday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for PVR Inox, setting a target price of Rs. 2,250 per share, indicating a potential upside of nearly 36 percent from Friday’s closing price of Rs. 1,654.2.
PVR INOX Limited is engaged in the business of movie exhibition, distribution & production and also earns revenue from in-house advertisement, sale of food & beverages, gaming and restaurant business.
Macrotech Developers Limited
With a market capitalisation of Rs. 1.22 lakh crores, the stock moved up by nearly 4.2 percent on BSE to Rs. 1,247.7 on Friday.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Macrotech Developers, setting a target price of Rs. 1,770 per share, indicating a potential upside of nearly 44 percent from Friday’s closing price of Rs. 1,232.2.
Macrotech Developers Limited is primarily engaged in the business of real estate development.
Written by Shivani Singh
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