Stocks to Buy: 6 Fundamentally strong stocks to buy now for an upside of up to 21%

Benchmark Indices NIFTY and Sensex ended in red on Monday. NIFTY dipped 59.05 points to close at 20,133.30 while sensex closed at 67,596.84, dropping 241.79 points. The following are a few stocks for which brokerages have recently published target upgrades with an upside of up to 21%.

Som Distilleries and Breweries Ltd: 

Som Distilleries & Breweries Limited manufactures and sells beer and alcoholic beverages in India. The company has a market cap of Rs. 2,528 crore.

HDFC Securities has a buy rating on the stock with a target price of Rs. 385 on the bull case, translating to an upside of 18% from the current price of Rs. 326.45

LG Balakrishnan & Bros. Ltd:

L.G. Balakrishnan & Bros Limited manufactures and sells chains, sprockets, and metal formed parts for automotive applications in India and internationally. The company has a market cap of Rs. 3,312 crore.

HDFC Securities has a buy rating on the stock with a target price of Rs. 1,225 on the bull case, translating to an upside of 16% from the current price of Rs. 1,058.

Dabur India Ltd:

Dabur India Limited operates as a fast-moving consumer goods company worldwide. The company has a market cap of Rs. 1,00,323 crore.

Sharekhan has a buy rating on the stock with a target price of Rs. 660, translating to an upside of 17% from the current price of Rs. 565.65

Star Health and Allied Insurance Ltd:

Star Health and Allied Insurance Company Limited provides health insurance products in India. The company has a market cap of Rs. 36,605 crore.

Motilal Oswal has a buy rating on the stock with a target price of Rs. 760, translating to an upside of 21% from the current price of Rs. 630.45. 

Karnataka Bank Ltd:

The Karnataka Bank Limited provides various banking and financial services in India. The company has a market cap of Rs. 7,497 crore.

ICICI Direct has a buy rating on the stock with a target price of Rs. 285, translating to an upside of 19% from the current price of Rs. 240. 

Sansera Engineering Ltd:

Sansera Engineering Limited engages in the manufacture and sale of high precision components for automotive and non-automotive sectors in India, Europe, the United States, and internationally. The company has a market cap of Rs. 5,107 crore.

ICICI Securities has a buy rating on the stock with a target price of Rs. 1,133, translating to an upside of 18% from the current price of Rs. 956.85. 

Written by Sandeep R

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