Indian benchmark indices snapped a five-day losing streak and ended higher on July 26 with Nifty touching a fresh lifetime high of 24,861.15. At close, the Sensex was up 1,292.92 points or 1.62 percent at 81,332.72, and the Nifty was up 428.70 points or 1.76 percent at 24,834.80.
Here are the stocks to buy with a potential upside of 40 percent;
PNB Housing Finance offers retail customers housing and non-housing loans, including individual home loans, loans against property, and non-resident property loans, among others. It is promoted by Punjab National Bank.
With a market capitalization of Rs 20,644 crore, the shares closed at Rs 795 apiece, increased around 1.74% 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 1,015 apiece, indicating a potential upside of 28 percent from Friday’s closing price of Rs 795 per share.
MAS Financial Services Limited provides retail finance products to MSMEs, including house loans, two-wheeler loans, used car loans, and commercial vehicle loans. With a market capitalization of Rs 5,259 crore, the shares closed at Rs 290 apiece, decreased around 0.19% as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the fintech stock with a target price of Rs 360 apiece, indicating a potential upside of 23 percent from Friday’s closing price of Rs 290 per share.
Steel Strips Wheels Ltd designs, produces and provides steel wheel rims and alloy wheels to a diverse variety of local and international vehicle manufacturers. With a market capitalization of Rs 3,688 crore, the shares closed at Rs 235 apiece, increased around 1.07% as compared to the previous closing price.
ICICI Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the steel stock with a target price of Rs 330 apiece, indicating a potential upside of 40 percent from Friday’s closing price of Rs 235 per share.
DCB Bank Limited is an Indian banking firm that offers banking and financial services. With a market capitalization of Rs 3,918 crore, the shares closed at Rs 125 apiece, decreased around 1.61 percent as compared to the previous closing price.
Anand Rathi, one of the well-known brokerages in India, gave a ‘Buy’ call on the Bank stock with a target price of Rs 166 apiece, indicating a potential upside of 32 percent from Friday’s closing price of Rs 125 per share.
PG Electroplast specializes in Original Design Manufacturing (ODM), Original Equipment Manufacturing (OEM), and Plastic Injection Molding, serving over 50 major Indian and global businesses. With a market capitalization of Rs 11,516 crore, the shares closed at Rs 441 apiece, decreased around 1.85 percent as compared to the previous closing price.
JM Financial, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 545 apiece, indicating a potential upside of 23 percent from Friday’s closing price of Rs 441 per share.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
