The Indian Benchmark Indices are bouncing back from recent corrections, with the Sensex currently at 80,259.38, reflecting a gain of about 223.35 points this week, while the Nifty 50 index stands at 24,438.95, rising by approximately 27.85 points. The Indian stock market appears to be recovering and poised for further growth, suggesting a positive sentiment among investors.
Here are 6 stocks to buy for an upside of 46 percent according to analysts:
Birla Corporation Ltd
With a market capitalization of Rs.8,762.97 crore, Birla Corporation Ltd, which focuses on manufacturing cement and jute products, saw its shares trading at Rs.1,153.50 each on Wednesday, reflecting an increase of 1.43 percent from the previous close.
Anand Rathi has recommended a “Buy” call on Birla Corporation Ltd with a target price of Rs.1,689 per share, indicating an upside potential of over 46 percent.
Atul Ltd
With a market capitalization of Rs.22,268 crore, Atul Ltd, mainly engaged in the business of Life Science Chemicals, saw its shares trading at Rs.7,628.50 each on Wednesday, reflecting an increase of 0.8 percent from the previous close.
Motilal Oswal has recommended a “Buy” call on Atul Ltd with a target price of Rs.9,995 per share, for an upside potential of 31 percent.
Welspun Living Ltd
With a market capitalization of Rs.14,922 crore, Welspun Living Ltd specializing in a wide range of products including bed linens and towels, saw its shares trading at Rs.153.11 each on Wednesday, reflecting an increase of 2.76 percent from the previous close.
Axis Direct has issued a “Buy” recommendation for Welspun Living Ltd, setting a target price of Rs.202.00 per share, indicating an upside potential of 32 percent.
Mahindra Lifespace Developers Ltd
With a market capitalization of Rs.7,628 crore, Mahindra Lifespace Developers Ltd, a leading Indian real estate and infrastructure development company, saw its shares trading at Rs.489.90 each on Wednesday, reflecting an increase of 0.5 percent from the previous close.
Sharekhan has issued a “Buy” recommendation for Mahindra Lifespace Developers Ltd, setting a target price of Rs.644.00 per share, for an upside potential of 31 percent.
J Kumar Infraprojects Ltd
With a market capitalization of Rs.5,765 crore, J Kumar Infraprojects Ltd an infrastructure company, saw its shares trading at Rs.761.90 each on Wednesday, reflecting an increase of 1.02 percent from the previous close.
Axis Direct has issued a “Buy” recommendation for J Kumar Infraprojects Ltd, setting a target price of Rs.950.00 per share, which reflects an upside potential of 25 percent.
Voltamp Transformers Limited
With a market capitalization of Rs.10,775 crore, Voltamp Transformers Limited specializes in the design and manufacturing of oil-filled power and distribution transformers, saw its shares trading at Rs.10,645.00 each on Wednesday, reflecting an increase of 2.80 percent from the previous close.
Prabhudas Lilladher has issued a “Buy” recommendation for Voltamp Transformers Limited, setting a target price of Rs.14,326 per share, which reflects an upside potential of 35 percent.
Written by – Siddesh S Raskar
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