On April 4, 2025, Indian stock markets closed in the red. The BSE Sensex tumbled over 1.2 percent to 75,364.69, losing about 931 points. Meanwhile, the Nifty 50 fell by 1.5 percent to 22,904.45, dropping 346 points. Despite the current market uncertainty, analysts have identified a few stocks for potential investment.
Prestige Estates Projects Ltd
With a market capitalization of Rs. 48,545.45 crore, Prestige Estates Projects Ltd, engaged in the development of residential, commercial, retail, leisure, and hospitality properties, saw its shares close at Rs. 1127.05 each on Friday, reflecting a decrease of 5 percent from the previous close. Motilal Oswal has given a “Buy” call on the company with a reduced target price of Rs. 1,725 per share, marking an upside potential of 53 percent.
Hindalco Industries Ltd
With a market capitalization of Rs. 1.3 lakh crore, Hindalco Industries Ltd, engaged in the production of aluminium, copper, extrusion and light gauge products among others, saw its shares close at Rs. 599.95 each on Friday, reflecting a decrease of 8 percent from the previous close. Anand Rathi has given a “Buy” call on the company with a target price of Rs. 800 per share, indicating an upside potential of 33 percent.
Inox India Ltd
With a market capitalization of Rs. 8,913.88 crore, Inox India Ltd offering solutions across the design, engineering, manufacturing, and installation of equipment and systems for cryogenic conditions, saw its shares close at Rs. 982.10 each on Friday, reflecting a decrease of 4 percent from the previous close. JM Financial Services has given a “Buy” call on the company with a target price of Rs. 1,240 per share, indicating an upside potential of 26 percent.
Star Health and Allied Insurance Company Ltd
With a market capitalization of Rs. 20,457.91 crore, Star Health offering innovative services and products in health, personal accident and travel insurance solutions, saw its shares close at Rs. 348.05 each on Friday, reflecting a slight decrease from the previous close. Nuvama Institutional Equities has given a “Buy” call on the company with a target price of Rs. 440 per share, indicating an upside potential of 26 percent.
Tata Communications
With a market capitalization of Rs. 45,863.63 crore, Tata Communications, engaged in the business of providing managed solutions to MNCs and service providers, saw its shares close at Rs. 1609.25 each on Friday, reflecting a 1 percent decrease from the previous close. Geojit Financial Services has given a “Buy” call on the company with a target price of Rs. 1,927 per share, indicating an upside potential of 20 percent.
Written by Shwetha Sairam
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