The index may continue to rise, and this might push it as high as 18150/61500. On the other hand, the negative mood is expected to worsen and spread faster below 17700/60400. The index could retest the level of 17500-17400/59700/59400 below 17700/60400. Kotak Securities
As the markets sentiments remain volatile, here are 7 stocks recommended by analysts for an upside of up to 61%:
Orient Cement Limited
HDFC Securities has a ‘Buy’ call on the cement company with a target price of Rs 155 per share which represents an upside of 29 percent from the current levels of Rs 120.
Bharat Electronics Limited
ICICI Securities Limited has a ‘Buy’ call on the Government-owned aerospace and defense electronics company with a target price of Rs 125 per share which represents an upside of 33 percent from the current levels of Rs 94.
UTI Asset Management Company Limited
HDFC Securities has a ‘Buy’ call on one of India’s oldest and largest mutual funds with a target price of Rs 950 per share which represents an upside of 36 percent from the current levels of Rs 700.
Zydus Wellness Limited
ICICI Securities Limited has a ‘Buy’ call on the nutrition and skin care products manufacturing company in India with a target price of Rs 1,900 per share, representing an upside of 37 percent from the current Rs 1,391.
Shriram Finance Limited
JM Financial has a ‘Buy’ call on the country’s biggest retail NBFC with a target price of Rs 1,900 per share which represents an upside of 49 percent from the current levels of Rs 1,276.
Ujjivan Small Finance Bank Limited
HDFC Securities has a ‘Buy’ call on the Indian small finance with a target price of Rs 45 per share, representing an upside of 55 percent from the current Rs 29.
Biocon Limited
JM Financial has a ‘Buy’ call on the pharmaceutical company with a target price of Rs 375 per share which represents an upside of 61 percent from the current levels of Rs 233.
Written by Anoushka Roy
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