The Benchmark Indices closed in the green on Friday with the Sensex gaining 242 points and closing at 71,106.96, and, the Nifty 50 index gaining 95 points and closing at 21,349.40.
In the past five trading sessions, the Sensex fell by around 0.40 percent and the Nifty 50 index fell by 0.50 percent. Listed below are six stocks that one should buy now for a potential upside of up to 31 percent:
Sansera Engineering Limited
With a market capitalization of Rs 5,319.19 crores, the stocks of Sansera Engineering Limited, manufacturer of complex and critical components across automotive and non – automotive sectors, closed at Rs 992.65 on Friday, gaining approximately 1 percent compared to the previous closing levels of Rs 983.70 apiece.
Axis Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,210 indicating a potential upside of around 22 percent compared to the current stock prices prevailing in the markets.
Prince Pipes & Fittings Limited
With a market capitalization of Rs 8,119.05 crores, the stocks of Prince Pipes & Fittings Limited, an integrated piping solution & multi polymer manufacturer, closed at Rs 734.35 on Friday, gaining approximately 1.30 percent compared to the previous closing levels of Rs 725.35 apiece.
IDBI Capital gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 913 indicating a potential upside of around 24 percent compared to the current stock prices prevailing in the markets.
Greenpanel Industries Limited
With a market capitalization of Rs 4,521.89 crores, the stocks of Greenpanel Industries Limited, engaged in the manufacturing of plywood and other associated products, closed at Rs 368.75 on Friday, slipping approximately 0.20 percent compared to the previous closing levels of Rs 369.30 apiece.
IDBI Capital gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 464 indicating a potential upside of around 26 percent compared to the current stock prices prevailing in the markets.
Zomato Limited
With a market capitalization of Rs 1.12 lakh crores, the stocks of Zomato Limited, one of the leading online food service platforms in India, closed at Rs 128.45 on Friday, gaining approximately 0.70 percent compared to the previous closing levels of Rs 127.55 apiece.
Jefferies gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 165 indicating a potential upside of around 29 percent compared to the current stock prices prevailing in the markets.
Divgi Torqtransfer Systems Limited
With a market capitalization of Rs 3,074.65 crores, the stocks of Divgi Torqtransfer Systems Limited, the largest supplier of transfer case systems to passenger vehicle manufacturers in India, closed at Rs 1,005.35 on Friday, slipping approximately 0.80 percent compared to the previous closing levels of Rs 1,013.30 apiece.
Prabhudas Lilladhar gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,300 indicating a potential upside of around 30 percent compared to the current stock prices prevailing in the markets.
DCB Bank Limited
With a market capitalization of Rs 3,927.50 crores, the stocks of DCB Bank Limited, a new-generation private sector bank in India, closed at Rs 125.85 on Friday, slipping approximately 0.40 percent compared to the previous closing levels of Rs 126.40 apiece.
ICICI Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 165 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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