The Benchmark Indices closed in the green on Friday with the Sensex gaining 188 points and closing at Rs 65,794.73, and, the Nifty 50 index slipping 33 points and closing at Rs 19,731.80.
In the past five trading sessions, the Nifty 50 index moved up by 2.21 percent and the Sensex gained around 2.27 percent.
Listed below are six stocks that one should buy now for a potential upside of up to 31 percent:
Union Bank of India Limited
With a market capitalization of Rs 80,647.44 crores, the stocks of Union Bank of India Limited, engaged in the Business of Banking Services, Government Business, Merchant Banking, Mutual Funds, Wealth Management, etc, closed at Rs 108.80 on Friday, gaining approximately 0.80 percent compared to the previous closing levels of Rs 107.90 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 130 indicating a potential upside of around 20 percent compared to the current stock prices prevailing in the markets.
Gateway Distriparks Limited
With a market capitalization of Rs 5,116.35 crores, the stocks of Gateway Distriparks Limited, an integrated inter-modal logistics service provider based in India, closed at Rs 102.40 on Friday, slipping approximately 0.70 percent compared to the previous closing levels of Rs 103.12 apiece.
ICICI Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 125 indicating a potential upside of around 22 percent compared to the current stock prices prevailing in the markets.
State Bank of India
With a market capitalization of Rs 5.10 lakh crores, the stocks of State Bank of India, a Public Sector banking and financial services statutory body based in India, closed at Rs 571.85 on Friday, gaining approximately 1.30 percent compared to the previous closing levels of Rs 564.70 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 700 indicating a potential upside of around 23 percent compared to the current stock prices prevailing in the markets.
ITD Cementation India Limited
With a market capitalization of Rs 4,731.89 crores, the stocks of ITD Cementation India Limited, engaged in providing engineering, procurement and, construction (EPC) services for infrastructure projects, closed at Rs 275.45 on Friday, gaining approximately 1.90 percent compared to the previous closing levels of Rs 270.45 apiece.
Edelweiss gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 340 indicating a potential upside of around 24 percent compared to the current stock prices prevailing in the markets.
Manappuram Finance Limited
With a market capitalization of Rs 13,775.73 crores, the stocks of Manappuram Finance Limited, an NBFC company providing fund-based and fee-based services including gold loans, etc, closed at Rs 162.75 on Friday, slipping approximately 0.80 percent compared to the previous closing levels of Rs 164 apiece.
IDBI Capital gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 205 indicating a potential upside of around 26 percent compared to the current stock prices prevailing in the markets.
PVR INOX Limited
With a market capitalization of Rs 17,073.17 crores, the stocks of PVR INOX Limited, India’s largest and most premium film exhibition Company, closed at Rs 1,739.80 on Friday, gaining approximately 1.30 percent compared to the previous closing levels of Rs 1,718.10 apiece.
CLSA gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 2,280 indicating a potential upside of around 31 percent compared to the current stock prices prevailing in the markets.
Written by Amit Madnani
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