Domestic benchmark indices closed in the green on Friday. The BSE Sensex rose 72.48 points, or 0.11 percent,ending the week at 64,904.68.The NSE Nifty 50 rose 30 points, or 0.15 percent and ended the week at 19,425.35.
Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 45%:
Nazara Technologies Ltd
Nazara Technologies is the largest India-based diversified gaming and sports media platform, having a presence in India as well as growing and developing global markets such as Africa and North America, and offerings in interactive gaming, eSports, and gamified early learning ecosystems.
ICICI Securities Limited has a buy rating on the stock with a target price of Rs 1,080 per share, which translates to an upside of 32 % as compared to its Friday close price of Rs 820.15 a share.
H.G. Infra Engineering Ltd
H.G. Infra Engineering Limited is engaged in the business of Engineering, Procurement, and Construction (EPC) Services, Maintenance of roads, bridges, flyovers, and other infrastructure contract works.
HDFC Securities Limited has a buy rating on the stock with a target price of Rs 1,252 per share, which translates to an upside of 45% as compared to its Friday close price of Rs 865.10 a share.
Archean Chemical Industries Ltd
Archean Chemical Industries Limited is the leading specialty marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulfate of potash to customers around the world.
ICICI Securities Limited has a buy rating on the stock with a target price of Rs 660, which translates to an upside of 25 % as compared to its Friday close price of Rs 527.10 a share.
EPL Ltd.
EPL Limited (formerly known as Essel Propack Limited).It is the largest specialty packaging global company, which is engaged in manufacturing laminated plastic tubes catering to the Beauty & Cosmetics, Pharma & Health, Food, Oral and Home.
ICICI Securities Limited has a buy rating on the stock with a target price of Rs 240, which translates to an upside of 25 % as compared to its Friday close price of Rs 192.75 a share.
One 97 Communications Ltd
One 97 Communications is India’s leading Payments App, that specialises in digital payments and financial services.
Motilal Oswal Limited has a buy rating on the stock with a target price of Rs 1,160, which translates to an upside of 30% as compared to its Friday close price of Rs 894.15 a share.
The Anup Engineering Ltd
Anup Engineering Limited is India’s leading Heat Exchanger Manufacturer. The Company caters to a wide range of process industries including Oil & Gas, Petrochemicals, LNG, and Fertilisers with an extensive product range of Heat Exchangers, Reactors, Pressure Vessels, Columns & Towers, Industrial Centrifuges & Formed Components.
Edelweiss has a buy rating on the stock with a target price of Rs 3,192, which translates to an upside of 24% as compared to its Friday close price of Rs 2,579 a share.
Written by Omkar Chitnis
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