The Benchmark Indices closed in the green on Friday, with the Sensex gaining 1,245.05 points or 1.72 percent, ending the week at 73,745.35, and the Nifty 50 index gaining 355.95 points or 1.62 percent, ending the week at 22,338.75.
In the last five trading sessions, the Sensex gained around 0.82 percent and the Nifty 50 index increased by 0.57 percent.
Listed below are six stocks in which the brokerages recommended an upside of up to 43%:
Manappuram Finance Ltd
Manappuram Finance is a Non-Banking Finance Company (NBFC), which offers a wide range of fund-based and fee-based services, including gold loans, money exchange facilities, etc.
Geojit gave a ‘Buy’ recommendation for the company’s stock with a target price of ₹215, indicating a potential upside of around 20 percent compared to the current stock prices prevailing in the market.
Dreamfolks Services Ltd
DreamFolks is India’s leading airport & travel services aggregator and provides an in-house proprietary technology platform that allows its clients, such as banks, Card networks, airlines, OTAs, and enterprises, to create custom offerings for their end consumers.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of ₹650 indicating a potential upside of around 24 percent compared to the current stock prices prevailing in the market.
CreditAccess Grameen Ltd
CreditAccess Grameen Ltd. is a microfinance institution in India, that offers financial and non-financial solutions. It provides a range of group lending, retail finance, and distributor products. The company’s group lending products include loans for family welfare, home improvement loans, emergency loans, income generation loans, two-wheeler loans and working capital loans
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of ₹1,985, indicating a potential upside of around 34 percent compared to the current stock prices prevailing in the market.
Karnataka Bank Ltd
Karnataka Bank is engaged in providing a wide range of banking & financial services involving retail, corporate banking, and para-banking activities, in addition to Treasury and foreign exchange business.
Anand Rathi gave a ‘Buy’ recommendation for the company’s stock with a target price of ₹334 indicating a potential upside of around 43 percent compared to the current stock prices prevailing in the market.
ERIS Lifesciences Ltd
ERIS Lifesciences Ltd is engaged in the business of manufacturing and marketing of pharmaceutical products.
Prabhudas Lilladher gave a ‘Buy’ recommendation for the company’s stock with a target price of ₹1,100 indicating a potential upside of around 25 percent compared to the current stock prices prevailing in the market.
Cello World Ltd
Cello World is a leading Indian consumer product company, mainly dealing in writing instruments and stationery, moulded furniture, consumer housewares, and related products. Cello World Ltd. shares have gained 10% in the last six months.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of ₹1,100, indicating a potential upside of around 33 percent compared to the current stock prices prevailing in the market.
Written by Omkar Chitnis
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.
