Indian stock market witnessed a significant selloff during the morning session of trade on Thursday’s trading session, as the benchmark indices, the Sensex and the Nifty 50, fell almost a percent each.
Weak signals from global markets and proposed budget measures to hike taxes on long-term and short-term capital gains (LTCG and STCG) seem to have immediate negative triggers on market sentiment.
Listed below are Five stocks in which the brokerages have recommended an upside of up to 35%:
With a market capitalization of Rs. 6,34,319 crores, the shares of FMCG company started Thursday’s trading session on a flatter note at Rs. 2,717.05. During the trading session, the shares hit a low of Rs. 2,670, losing around 1 percent and are currently trading at Rs. 2,689 apiece.
Motilal Oswal, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 3,250 indicating a potential upside movement of around 21 percent compared to its current market price.
With a market capitalization of Rs. 4,97,145 crores, the shares of large-cap company started Thursday’s trading session on a higher note at Rs. 3,539 compared to its previous close of Rs. 3,519.45.
During the trading session, the shares hit a high of Rs. 3,620, gaining around 3 percent and are currently trading at Rs. 3,612 apiece.
Citi, an international brokerage firm, maintained a ‘buy’ recommendation on L&T, setting a target price of Rs 4,396, indicating a potential upside of nearly 22 percent from the current trading price.
With a market capitalization of Rs. 964 crores, the shares of the stainless steel products manufacturing company started Thursday’s trading session on a lower note at Rs. 191.60 compared to its previous close of Rs. 195.17.
During the trading session, the shares hit a high of Rs. 208.35, gaining around 3 percent, also recorded as the company’s fresh 52-week high and are currently trading at Rs. 198 apiece.
ICICI Direct, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 245 indicating a potential upside movement of around 24 percent compared to its current market price.
With a market capitalization of Rs. 28,667 crores, the shares of NBFC started Thursday’s trading session on a flatter note at Rs. 380.55. During the trading session, the shares hit a low of Rs. 366.60, losing around 3 percent and are currently trading at Rs. 370 apiece.
Motilal Oswal, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 465 indicating a potential upside movement of around 26 percent compared to its current market price.
With a market capitalization of Rs. 14,680 crores, the shares of the company that operates multiplex cinemas started Thursday’s trading session on a lower note at Rs. 1,485.80 compared to its previous close of Rs. 1,489.30. During the trading session, the shares hit a high of Rs. 1,510, gaining around 1 percent and are currently trading at Rs. 1,498 apiece.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 2000 indicating a potential upside movement of around 35 percent compared to its current market price.
Written By Vaibhav Patil
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