Indian benchmark indices ended lower on September 27 with Nifty around 26,150. At close, the Sensex was down 264.27 points or 0.31 percent at 85,571.85, and the Nifty was down 37 points or 0.14 percent at 26,179.
Here are the five stocks with upside potential of up to 43%;
Lumax Auto Technologies Ltd
Lumax Auto Technologies Limited is an India-based diversified auto component manufacturer. The Company commenced its operations with the manufacture of two-wheeler lighting. With a market capitalization of Rs 3,900.32 crore, the shares closed at Rs 572.25 per share, decreased around 0.30 percent as compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the Auto stock with a target price of Rs 750 apiece, indicating a potential upside of 31 percent from Friday’s closing price of Rs 572.25 per share.
Bajaj Finance Ltd
Bajaj Finance Ltd. is engaged in the business of lending and accepting deposits. It has a diversified lending portfolio across retail, small and medium-sized enterprises (SMEs), and commercial customers customer. With a market capitalization of Rs 4.80 lakh crore, the shares closed at Rs 7,760.30 per share, decreased around 0.10 percent as compared to the previous closing price.
Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the fintech stock with a target price of Rs 9,940 apiece, indicating a potential upside of 28 percent from Friday’s closing price of Rs 7,751.05 per share.
DCB Bank Limited
DCB Bank Limited is engaged in providing banking and financial services. The Bank operates through four segments: Treasury Operations, Wholesale Banking, Retail Banking, and Other. With a market capitalization of Rs 3,854.55 crore, the shares closed at Rs 122.95 per share, decreased around 0.65 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the bank stock with a target price of Rs 175 apiece, indicating a potential upside of 43 percent from Friday’s closing price of Rs 122 per share.
Fusion Finance Ltd
Fusion Micro Finance Limited is primarily engaged in providing financial services to underserved and unserved women entrepreneurs in rural areas. With a market capitalization of Rs 2,525.60 crore, the shares closed at Rs 250.00 per share, increased around 2 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 330 apiece, indicating a potential upside of 32 percent from Friday’s closing price of Rs 250 per share.
Union bank india
Union Bank of India Ltd. is an India-based banking company. The Company’s segments include Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations, and Other Banking Operations. With a market capitalization of Rs 93,282.66 crore, the shares closed at Rs 122.20 per share, decreased around 4 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the bank stock with a target price of Rs 165 apiece, indicating a potential upside of 35 percent from Friday’s closing price of Rs 250 per share.
Written by:- Abhishek Singh
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