The Indian Benchmark Indices closed in the green on Thursday with the Sensex gaining around 640 points and closing at 73,635.48 and the Nifty 50 index gaining 205 points and closing at 22,326.90.
In the last five trading sessions, the Sensex gained approximately 1.36 percent while the Nifty 50 index gained around 1.51 percent.
Listed below are 6 stocks that one can buy for a potential upside of up to 42 percent:
Birlasoft Limited
With a market capitalization of Rs 20,488.35 crores, the stocks of Birlasoft Limited, engaged in Computer programming, consultancy, and related activities, closed at Rs 742.50 on Thursday, slipping around 2.40 percent compared to the previous closing levels of Rs 760.30 apiece.
Sharekhan gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 950 indicating a potential upside of approximately 28 percent compared to the prevailing stock price levels.
South Indian Bank Limited
With a market capitalization of Rs 7,138.86 crores, the stocks of South Indian Bank Limited, providing retail & corporate banking, para banking activities, etc, closed at Rs 27.29 on Thursday, slipping around 1.60 percent compared to the previous closing levels of Rs 27.74 apiece.
ICICI Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 35 indicating a potential upside of approximately 28.50 percent compared to the prevailing stock price levels.
Healthcare Global Enterprises Limited
With a market capitalization of Rs 4,647.40 crores, the stocks of Healthcare Global Enterprises Limited, engaged in setting up and managing hospitals and medical diagnostic services, closed at Rs 333.65 on Thursday, slipping around 0.90 percent compared to the previous closing levels of Rs 336.60 apiece.
ICICI Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 435 indicating a potential upside of approximately 29 percent compared to the prevailing stock price levels.
HEG Limited
With a market capitalization of Rs 7,092.89 crores, the stocks of HEG Limited, a leading manufacturer and exporter of graphite electrodes in India, closed at Rs 1,837.75 on Thursday, slipping around 0.20 percent compared to the previous closing levels of Rs 1,841.55 apiece.
ICICI Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 2,420 indicating a potential upside of approximately 31 percent compared to the prevailing stock price levels.
Gabriel India Limited
With a market capitalization of Rs 4,777.60 crores, the stocks of Gabriel India Limited, manufacturing various models of ride control products including shock absorbers, struts, front forks, and others, closed at Rs 332.60 on Thursday, slipping around 1.30 percent compared to the previous closing levels of Rs 336.80 apiece.
ICICI Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 440 indicating a potential upside of approximately 32 percent compared to the prevailing stock price levels.
Crompton Greaves Consumer Electricals Limited
With a market capitalization of Rs 17,190.25 crores, the stocks of Crompton Greaves Consumer Electricals Limited, one of the leading consumer companies in India, closed at Rs 267.30 on Thursday, gaining around 0.70 percent compared to the previous closing levels of Rs 265.35 apiece.
HDFC Securities gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 380 indicating a potential upside of approximately 42 percent compared to the prevailing stock price levels.
Written by Amit Madnani
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