The Benchmark indices closed in the red on Friday with the Sensex falling 232 points and closing at Rs 65,397.62 and the Nifty 50 index dipping around 82 points and closing at Rs 19,542.65.
Listed below are six stocks that one should to their watchlist for a potential upside of up to 35 percent:
Havells India Limited
With a market capitalization of Rs 81,010.19 crores, the stocks of Havells India Limited, a leading Fast Moving Electrical Goods (FMEG) Company, closed at Rs 1,292.70, slipping around 5 percent as compared to the previous close of Rs 1,361.65 apiece.
ICICI Securities Limited gave a ‘Buy’ tag to the company’s stock with a target price of Rs 1,600 indicating a potential upside of approximately 24 percent as compared to the current stock prices prevailing in the markets.
Bajaj Finance Limited
With a market capitalization of Rs 4.71 lakh crores, the stocks of Bajaj Finance Limited, engaged in the business of lending, closed at Rs 7,766.30, slipping around 1 percent as compared to the previous close of Rs 7,842.60 apiece.
Motilal Oswal gave a ‘Buy’ tag to the company’s stock with a target price of Rs 9,600 indicating a potential upside of approximately 24 percent as compared to the current stock prices prevailing in the markets.
Coal India Limited
With a market capitalization of Rs 1.92 lakh crores, the stocks of Coal India Limited, mainly engaged in the business of mining & production of Coal and operating Coal washeries, closed at Rs 312.30, slipping around 0.80 percent as compared to the previous close of Rs 314.70 apiece.
ICICI Securities Limited gave a ‘Buy’ tag to the company’s stock with a target price of Rs 395 indicating a potential upside of approximately 27 percent as compared to the current stock prices prevailing in the markets.
CIE Automotive India Limited
With a market capitalization of Rs 17,221.16 crores, the stocks of CIE Automotive India Limited, engaged in the business of production and sale of automotive components, closed at Rs 453.95, slipping around 2.40 percent as compared to the previous close of Rs 464.95 apiece.
ICICI Securities Limited gave a ‘Buy’ tag to the company’s stock with a target price of Rs 579 indicating a potential upside of approximately 28 percent as compared to the current stock prices prevailing in the markets.
PVR INOX Limited
With a market capitalization of Rs 16,622.40 crores, the stocks of PVR INOX Limited, India’s largest and most premium film exhibition company, closed at Rs 1,693.90, slipping around 2.80 percent as compared to the previous close of Rs 1,742.40 apiece.
ICICI Securities Limited gave a ‘Buy’ tag to the company’s stock with a target price of Rs 2,240 indicating a potential upside of approximately 32 percent as compared to the current stock prices prevailing in the markets.
Ceat Limited
With a market capitalization of Rs 8,902.46 crores, the stocks of Ceat Limited, one of the largest tyre manufacturers based in India, closed at Rs 2,200.85, gaining around 0.80 percent as compared to the previous close of Rs 2,185 apiece.
Motilal Oswal gave a ‘Buy’ tag to the company’s stock with a target price of Rs 2,950 indicating a potential upside of approximately 35 percent as compared to the current stock prices prevailing in the markets.
Written by Amit Madnani
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