Benchmark Indices ended in the red as Sensex shed 111 points or 0.21% to end at 52907. Meanwhile, the Nifty index slipped 28 points or 0.18% and settled at 15752 points. However, here are a few stocks that investors can consider for an upside of up to 48%
Gujarat Gas Limited (GGL)
ICICI Securities has maintained a buy rating on the shares of Gujarat Gas Limited. It said that the shares present an excellent opportunity to enter the stock market at current stock levels.
- CMP: ₹ 422.35
- Target: ₹ 566
- Upside: 34.01%
EPL India
ICICI Securities has maintained a buy rating on the shares of EPL Limited. The brokerage said that the company in its analyst meeting admitted that near-term challenges significantly hampered its profitability, however, it remains focused on achieving double-digit profit growth.
- CMP: ₹ 157.55
- Target: ₹ 225
- Upside: 42.81%
Bharti Airtel Limited
Motilal Oswal Financial Services maintained a buy rating on the shares of Bharti Airtel Limited. “We believe despite the upcoming investments in 5G, Bharti is witnessing a decadal shift in its FCF generation capability that could translate into healthy deleveraging.”
- CMP: ₹ 673.45
- Target: ₹ 910
- Upside: 35.13 %
Century Plyboards (India) Limited
ICICI Securities has maintained a buy rating on the shares of Century Plyboards (India) Limited.
It said in its report, “We reiterate BUY on Century Plyboards (CPBI) as demand continues to remain healthy for wood panel products. Our recent interaction with dealers and the management of Century Plyboards (CPBI) indicates that in the currently ongoing Q1FY23, demand trends are steady across segments like plywood, laminates and MDF on continued pick-up in the residential market and higher spend on home improvement post the pandemic. CPBI has taken price increase of ~2-4% in plywood segment and ~3-4% in laminates during Q1FY23, which should enable it to mitigate the raw material price pressures and thus, enable margin to remain steady going ahead.”
- CMP: ₹ 513.00
- Target: ₹ 747.00
- Upside: 45.61%
Mahindra & Mahindra Ltd
IDBI Capital has a buy rating on the shares of Mahindra & Mahindra Ltd, in its research report dated June 28, 2022. The company has launched the much-awaited Scorpio N. “To factor in strong response to its existing models and similar response to Scorpio N, we have increased our Volume and PAT estimates by 4% and 8.3% respectively for FY24 respectively,” IDBI Capital added.
- CMP: ₹1107.35
- Target: ₹ 1643
- Upside: 48.37%
Gland Pharma Limited
Motilal Oswal Financial Services has a buy call on the shares of Gland Pharma. The brokerage added, “After delivering 27% earnings CAGR over FY17-22, GLAND is well-placed to sustain its earnings growth momentum over the next three-to-five years.”
- CMP: ₹ 2652.9
- Target: ₹ 3700
- Upside: 39.47%
Written By – Simran Bafna
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