Bears gripped Dalal Street on Friday as benchmark indices edged lower heading a negative close for the third straight day. Nifty tumbled 132.70 points or 0.75% at 17,859.45 while Sensex settled at 59,900, down 450 points.
As markets remain volatile, here are 3 fundamentally strong stocks under Rs 200 recommended by analysts for an upside of up to 45%:
NMDC Ltd
The shares of the Public sector company gained 2.5 marginally on Friday and ended at Rs 121 levels. In the past five days, the stock has shed 3 percent and in six months it rose by 12 percent.
NMDC Limited is a central public sector undertaking involved in the exploration of iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, coal, etc.
The company recorded a total revenue of Rs 3,328.45 Crore and a net profit of Rs 885.78 Crore in Q2FY23. The company has a market capitalization of Rs 36,940 Crore and a high dividend yield of 11.69%.
Sharekhan is bullish on NMDC and has recommended a ‘Buy’ rating on the stock with a target price of Rs 145 per share which represents an upside of 20% from the present levels.
Oil & Natural Gas Corporation Ltd
The shares of Oil & Natural Gas Corporation gained marginally on Friday and closed at Rs 147 levels. In the month, the stock has gained approximately 5 percent and in the last six months, it has zoomed by 20 percent.
Oil and Natural Gas Corporation (ONGC) is a central public sector undertaking that stands as the largest government-owned oil and gas explorer and producer in the country.
In Q2FY23, the company reported a 38 percent increase in its total revenue which stood at Rs 1,68,656.12 Crore, and its net profit stood at Rs 7,291.3 Crore. The company has a market capitalization of Rs 1,89,270 and a dividend yield of 6.98%.
Brokerage firm Motilal Oswal Financial Services is bullish on the stock and has a ‘Buy’ tag with a target price of Rs 198 per share which represents an upside of 35% from the current levels.
Samvardhana Motherson International Ltd
On Friday’s session, the stock zoomed and ended the week at Rs 75.65 levels. In a month the stock has gained approximately 5 percent. However, on a yearly basis, the stock has shed approximately 52 percent.
Samvardhana Motherson (formerly known as Motherson Sumi Systems Limited) is an Indian manufacturer of wiring harnesses, plastic components, and rearview mirrors for passenger cars.
On a quarterly basis, their total revenue grew by 30 percent to Rs 18,260.78 Crore and their net profit increased by 285 percent Year on Year to Rs 294.94 Crore. The company has a market capitalization of Rs 51,297 and a dividend yield of 0.86%
ICICI Securities has a ‘Buy’ call on Samvardhana Motherson International with a target price of Rs 110 per share representing an upside of 45% from the current levels.
Written by Anoushka Roy
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