Indian benchmark indices ended lower on December 18 with Nifty around 24,198.85. At close, the Sensex was down 502.25 points or 0.62 percent at 80,182.20, and the Nifty was down 137.15 points or 0.56 percent at 24,198.85.
Here are the five stocks with upside potential of up to 79%;
Solar Industries
Solar Industries India Limited is an India-based integrated global explosives company. The Company is primarily involved in the manufacturing of a complete range of industrial explosives and explosive-initiating devices. Its segment is Explosives and its accessories.
With a market capitalization of Rs 88,862.59 crore, the shares closed at Rs 9,820.15 per share, decreased around 3.98 percent as compared to the previous closing price.
ICICI Securities, one of the well-known brokerages in India, gave a ‘Buy’ call on the solar stock with a target price of Rs 13,250 apiece, indicating a potential upside of 28 percent from Wednesday’s closing price of Rs 10,322.4 per share.
Tata Power Company Ltd
Tata Power Company Limited is an India-based integrated power company. The principal business of the Company is the generation, transmission, and distribution of electricity. The company’s segments include Generation, Renewables, Transmission and Distribution, and Others.
With a market capitalization of Rs 1.28 lakh crore, the shares closed at Rs 401.25 per share, decreased around 2.75 percent as compared to the previous closing price.
Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the power stock with a target price of Rs 540 apiece, indicating a potential upside of 31 percent from Wednesday’s closing price of Rs 414.20 per share.
Apeejay Surrendra Park Hotels
Apeejay Surrendra Park Hotels Limited (ASPHL) is a hospitality company that owns, leases, and manages hotels, restaurants, nightclubs, bars, and a retail food and beverage brand.
With a market capitalization of Rs 3,832.20 crore, the shares closed at Rs 179.60 per share, decreased around 4.19 percent as compared to the previous closing price.
IDBI Capital, one of the well-known brokerages in India, gave a ‘Buy’ call on the hotel stock with a target price of Rs 245 apiece, indicating a potential upside of 31 percent from Wednesday’s closing price of Rs 187 per share.
Oil India Ltd
Oil India Limited is an integrated upstream exploration and production firm established in India that produces crude oil and natural gas. Crude Oil, Natural Gas, LPG, Pipeline Transportation, Renewable Energy and Others are among the company’s business segments.
With a market capitalization of Rs 68,512.72 crore, the shares closed at Rs 421.20 per share, decreased around 4.08 percent as compared to the previous closing price.
Motilal Oswal Financial Services, one of the well-known brokerages in India, gave a ‘Buy’ call on the oil stock with a target price of Rs 660 apiece, indicating a potential upside of 48 percent from Wednesday’s closing price of Rs 445 per share.
Restaurant Brands Asia Ltd
Burger King India Ltd. is an international quick-service restaurant company in India and developed around 260 eateries throughout key cities. The firm is an exclusive national master franchisee of Burger King in India, while its subsidiaries are exclusive national master franchisees of Burger King and Popeyes in Indonesia.
With a market capitalization of Rs 3,966.55 crore, the shares were closed at Rs 79.60 per share, decreased of around 1.11 percent as compared to the previous closing price.
Motilal Oswal Financial Services, one of the well-known brokerages in India, gave a ‘Buy’ call on the restaurant stock with a target price of Rs 135 apiece, indicating a potential upside of 79 percent from Wednesday’s closing price of Rs 81 per share.
Written by:- Abhishek Singh
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