Benchmark Indices were trading marginally lower on Wednesday’s afternoon trades. The BSE Sensex slipped 0.40% to settle at 54,885.71 points, while the NSE Nifty tanked 0.35% and settled at 16,358.55 points.
State Bank of India, Tata Steel, TCS, Bajaj Finserv and Apollo Hospitals were trading in the green. Bharti Airtel, ITC, Reliance, UPL, Asian Paints and Bajaj Auto were some of the top losers.
Here are a few bluechip stocks that can be bought for an upside of up to 50%:
1. Bajaj Finserv Ltd
ICICI Direct has maintained a buy call on the shares of Bajaj Finserv on account of a pick-up in its finance business and anticipated healthy growth in the insurance segment.
- CMP: ₹ 12,424.00
- Target: ₹ 18,900.00
- Upside: 52.12 %
2. Apollo Hospitals Enterprise Limited:
Elara Capital has a buy rating on the stock as higher occupancy and specialized surgeries at mature & new facilities and the addition of new pharmacy stores are expected to boost growth.
- CMP: ₹ 3,627.55
- Target: ₹ 5,125.00
- Upside: 41.28 %
3. Wipro Limited:
Macquarie has upgraded Wipro from ‘neutral’ to ‘overweight’ and has raised its target price.
- CMP: ₹ 468.80
- Target: ₹ 660.00
- Upside: 40.78 %
4. Hindalco Industries Ltd:
CLSA has maintained a buy rating on the shares of Hindalco as its results were on expected lines.
- CMP: ₹ 402.50
- Target: ₹ 580
- Upside: 44.10 %
5. Divi’s Laboratories Ltd:
Sharekhan has maintained a buy rating on the shares of Divi’s Laboratories. “While there are apparent near-term concerns, long-term growth levers are intact,” the brokerage said.
- CMP: ₹ 3,496.00
- Target: ₹ 4,900
- Upside: 40.16 %
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