The Domestic benchmark equity indices ended Friday’s trading session on a flatter note. The Nifty 50 closed the day’s trading 0.95 points at 22,513.65. At the same time, Sensex ended 20.58 points or 0.03 percent higher to finish the session at 74,248.22. Furthermore, the Bank Nifty index ended higher by 432.25 points or 0.90 percent to settle at 48,493.05.
Listed below are six stocks in which the brokerages have recommended an upside of up to 40%:
Honasa Consumer Ltd
Honasa Consumer Limited is a digital-first house of brands that caters to the diverse needs of millennial customers, focusing on building a new generation of beauty and personal care brands driven by purpose, technology, and evolving consumer needs.
Emkay Global, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 500 indicating a potential upside movement of around 23 percent compared to its current market price.
Bajaj Finance Ltd
Bajaj Finance is mainly engaged in the business of lending. BFL has a diversified lending portfolio across retail, SME and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers a variety of financial services products to its customers.
Citi, one of the international brokerage firms, has given a buy call on Bajaj Finance with a target price of Rs 8,975, indicating a potential upside movement of around 25 percent compared to its current market price.
Solar Industries India Ltd
Solar Industries India Ltd. is a company specializing in the design, development, manufacture, and application of energy materials.
They are known for their expertise in various areas including blasting solutions for mining, quarries, and public works, and manufacturing a complete range of industrial explosives, detonators, and ammunition for the defence and security sector.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 10,950 indicating a potential upside movement of around 26 percent compared to its current market price.
Brigade Enterprises Ltd
Brigade Enterprises Ltd was established in 1986. It is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across India.
Motilal Oswal, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 1,250 indicating a potential upside movement of around 30 percent compared to its current market price.
HDFC Bank Ltd:
HDFC Bank, India’s leading private sector bank, offers a wide range of services including online NetBanking, and personal banking services like accounts, deposits, cards, and loans.
They provide convenient and secure mobile banking through their HDFC Bank MobileBanking app, allowing customers to access account balances, credit card bills, and utility bills, and conduct various transactions easily.
Citi, one of the international brokerage firms, has maintained a buy call on HDFC Bank with a target price of Rs 2,050, indicating a potential upside movement of around 32 percent compared to its current market price.
Dollar Industries Ltd
Dollar Industries Limited is a renowned brand in the innerwear market, particularly in India, where it is one of the top five hosiery undergarment manufacturers. The company offers a wide range of products, including premium innerwear for men and women.
Elara Capital gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 778, indicating a potential upside of around 40 percent compared to its current market price.
Written By Vaibhav Patil
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