Market barometers BSE Sensex and NSE Nifty opened higher on Friday, defying global trends, led by gains in financial and IT shares. At 12:08 PM, the Sensex was at 58673.63 points, up 1.23% and the Nifty was at 17,279.35 points, up 1.16%. Broader markets too extended the rally.
In the meanwhile, here are a few stocks to buy for an upside of up to 51%:
Infosys Ltd
The IT major provides consulting, technology, outsourcing and next-generation digital services to enable clients to execute strategies for their digital transformation. It is a large-cap company with a market capitalization of ₹ 5,72,235 crores.
HDFC Securities has a buy call on the shares of Infosys with a target price of ₹ 1815.00. This translates to an upside of 28.80% as compared to its share price of ₹ 1409.5.
Ashok Leyland Ltd
The flagship company of the Hinduja Group manufactures medium and heavy commercial vehicles. It is a mid-cap company with a market capitalization of ₹ 40,063crores.
Sharekhan by BNP Paribas has a buy call on the shares of Ashok Leyland with a target price of ₹ 181.00. This translates to an upside of 31.06% as compared to its share price of ₹ 138.10.
Sagar Cements Ltd
Sagar Cements is engaged in the business of manufacturing and sale of cement. It is a small-cap company with a market capitalization of ₹ 2,395 crores.
ICICI Direct has a buy call on the shares of the company with a target price of ₹ 250.00. This translates to an upside of 32.31% as compared to its share price of ₹ 188.95.
Max Financial Services Ltd
Max Financial Services is primarily engaged in growing and nurturing business investments and providing management advisory services to Indian group companies. It is a mid-cap company with a market capitalization of ₹ 21,656 crores.
Emkay Global has a buy call on the shares of Max Financial Services with a target price of ₹ 850.00. This translates to an upside of 34.97% as compared to its share price of ₹ 629.75 apiece.
ICICI Lombard General Insurance Company Ltd
It is a leading private-sector general insurance company in India. ICICI Lombard is a large-cap company with a market capitalization of ₹ 52,708 crores.
Emkay Global has a buy call on the shares of the company with a target price of ₹ 1490.00. This translates to an upside of 38.17% as compared to its share price of ₹ 1078.35.
GNA Axles Ltd
GNA Axles manufactures auto components for the four-wheeler industry. It is a small-cap company with a market capitalization of ₹ 1,671 crores.
Sharekhan has a buy call on the shares of the company with a target price of ₹ 1121.00. This translates to an upside of 41.21% as compared to its share price of ₹ 793.85.
Crompton Greaves Consumer Electricals Ltd
Crompton Greaves is a leading manufacturer of lighting and electrical consumer durables. It is a mid-cap company with a market capitalization of ₹ 18,593 crores.
JM Financial has a buy call on the shares of the company with a target price of ₹435.00. This translates to an upside of 50.21% as compared to its share price of ₹ 289.60.
Written by Simran Bafna
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