Bulls took over Dalal Street amid strong global cues coupled with a weaker dollar. The NSE Nifty 50 rallied over 320 points to trade above 18,350 levels, closing at 18,349. Meanwhile, BSE Sensex advanced over 1180 points to touch the 61,800 mark intraday, ending at 61,795.
With the markets soaring, here are 7 stocks recommended by analysts for an upside of up to 70%:
J Kumar Infraprojects Ltd
HDFC Securities has a ‘Buy’ call on the Construction & engineering company with a target price of Rs 370 per share which represents an upside of 38% from the current levels of Rs 270.
Life Insurance Corporation of India
ICICI Securities Limited has a ‘Buy’ call on the largest insurance company in the country with a target price of Rs 917 per share which represents an upside of 47% from the current levels of Rs 627.
Gulf Oil Lubricants India Ltd
Emkay Global has a ‘Buy’ call on the Lubricants company with a target price of Rs 620 per share which represents an upside of 48% from the current levels of Rs 420.
NCC Ltd
HDFC Securities has a ‘Buy’ call on the construction company with a target price of Rs 109 per share which represents an upside of 54% from the current levels of Rs 71.40.
Ujjivan Small Finance Bank Ltd
HDFC Securities has a ‘Buy’ call on the bank with a target price of Rs 43 per share which represents an upside of 60% from the current levels of Rs 27.
Gujarat State Petronet Ltd
ICICI Securities Limited has a ‘Buy’ call on the Oil Drilling And Exploration company with a target price of Rs 383 per share which represents an upside of 65% from the current levels of Rs 233.
Somany Ceramics Ltd
ICICI Securities Limited has a ‘Buy’ call on the ceramic company with a target price of Rs 896 per share which represents an upside of 70% from the current levels of Rs 529.
Written by Anoushka Roy
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