Upcoming key US jobs data is expected to be encouraging which would influence the next Fed’s policy. The market already remains sensitive to FIIs selling and IT stocks traded with deep cuts ahead of the release of corporate earnings next week as the growth is anticipated to be muted. Geojit Financial Services
As markets remain volatile, here are 7 stocks to watch out for in the next year for an upside of up to 65%:
ICICI Bank Limited
Jefferies has a ‘Buy’ call on the Indian private sector bank with a target price of Rs 1,150 per share which represents an upside of 32% from the current levels of Rs 870.
Indusind Bank Limited
Jefferies has a ‘Buy’ call on the private bank with a target price of Rs 1,600 per share which represents an upside of 35% from the current levels of Rs 1,182.
Century Plyboards India Limited
HDFC Securities has a ‘Buy’ call on the leading plywood manufacturing company with a target price of Rs 715 per share which represents an upside of 38% from the current levels of Rs 518.
Tata Motor Limited
Jefferies has a ‘Buy’ call on the Tata group automobile company with a target price of Rs 540 per share which represents an upside of 41% from the current levels of Rs 382.
Gujarat State Petronet Limited
ICICI Securities has a ‘Buy’ call on the oil and gas exploration company with a target price of Rs 400 per share which represents an upside of 45% from the current levels of Rs 275.
Somany Ceramics Limited
ICICI Securities has a ‘Buy’ call on the ceramic company with a target price of Rs 800 per share which represents an upside of 60% from the current levels of Rs 499.
Indian Oil Corporation Limited
ICICI Securities has a ‘Buy’ call on the central public sector oil marketing company with a target price of Rs 130 per share which represents an upside of 65% from the current levels of Rs 79.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing
