Brokerages and research firms have recently upgraded targets and or ratings for several stocks under coverage. Listed below are 5 stocks that saw action today, gaining up to 10% and have received target upgrades this week with upside up to 33% to add to your wishlist.
Kalpataru Projects International Ltd (“KPIL”):
The stock has been on an uptrend since July 2022, and currently trades at Rs. ~631 – 1% lower than previous close Rs. ~637, down from day high of Rs. ~642. The company has a market cap of Rs. ~10,260 crores. It has returned ~70% in a 1 year period and has decent financials indicated by a P score of 6.
HDFC Securities in a report dated 11 August gave a “BUY” recommendation on KPIL, upgrading target to Rs. 837. The key rationale behind this is robust and growing order book and stable margins. The target represents a 31% upside from previous close and 33% upside from current price.
KPIL provides engineering, procurement, and construction (EPC) services in India and internationally.
Grindwell Norton (“Grindwell”):
The stock has been on an uptrend since March 2023, and currently trades at Rs. ~2,264 ~4% higher than previous close Rs. ~2,180, down from day high of Rs. ~2,292. The company has a market cap of Rs. ~25,060 crores. It has returned ~332% in a 3 year period and has decent financials indicated by a P score of 5.
Prabhudas Lillandher in a report dated 14 August gave a “BUY” recommendation on Grindwell, with a target of Rs. ~2604. The key rationale behind this is improving volumes & product mix. The target represents a 19% upside from previous close and 15% upside from current price.
Grindwell manufactures and sells abrasives, ceramics, and plastic products in India and internationally.
ABB India Ltd (“ABB”):
The stock has been on an uptrend since December 2022, and currently trades at Rs. ~4,285 flat compared to previous close Rs. ~4,299, down from day high of Rs. ~4,342. The company has a market cap of Rs. ~90,860 crores. It has returned ~361% in a 3 year period and has strong financials indicated by a P score of 8.
Prabhudas Lillandher in a report dated 12 August gave a “ACCUMULATE” recommendation on ABB, with a target of Rs. ~5,013. The key rationale behind this is growing spending from core target verticals and margin expansion from premiumization. The target represents a 19% upside from previous close and from the current price.
ABB develops and sells products and system solutions to utilities, industries, channel partners, and original equipment manufacturers in India and internationally.
V-Guard Industries Ltd (“V-Guard”):
The stock has been on an uptrend since February 2022, and currently trades at Rs. ~314 – 1% higher than previous close Rs. ~311, down from day high of Rs. ~320. The company has a market cap of Rs. ~13,650 crores. It has returned ~95% in a 3 year period and has below average financials indicated by a P score of 3.
HDFC Securities in a report dated 10 August gave a “BUY” recommendation on V-Guard, upgrading target to Rs. 360. The key rationale behind this is widening presence in non-south markets, premiumization driving margin expansion from higher margin product mix. The target represents a 16% upside from previous close and 15% upside from current price.
V-Guard manufactures and markets electric and electronic products in India and internationally.
KEC International Ltd (“KEC”):
The stock has been on an uptrend since May 2023, and currently trades at Rs. ~645 flat compared to previous close Rs. ~647, down from day high of Rs. ~659. The company has a market cap of Rs. ~16,580 crores. It has returned ~105% in a 3 year period and has decent financials indicated by a P score of 5.
Geojit in a report dated 16 August gave a “ACCUMULATE” recommendation on KEC, upgrading target to Rs. 703. The key rationale behind this is robust and growing order book and T&D execution paired with tapering off commodity prices. The target represents a 9% upside from previous close and the current price.
KEC and its subsidiaries, engages in the engineering, procurement, and construction (EPC) business.
Written by Sandeep R
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