The Benchmark Indices closed in the red on Friday with the Sensex slipping 188 points and closing at Rs 65,794.73, and, the Nifty 50 index slipping 33 points and closing at Rs 19,731.80.
Listed below are six stocks that one should buy now for a potential upside of up to 46 percent:
Grasim Industries Limited
With a market capitalization of Rs 1.30 lakh crores, the stocks of Grasim Industries Limited, a flagship company of the Aditya Birla group with core businesses comprising caustic soda, speciality chemicals, etc, closed at Rs 1,972.10 on Friday, gaining approximately 1.60 percent as compared to the previous closing levels of Rs 1,941.45 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 2,380 indicating a potential upside of around 21 percent as compared to the current stock prices prevailing in the markets.
Galaxy Surfactants Limited
With a market capitalization of Rs 10,013.84 crores, the stocks of Galaxy Surfactants Limited, the leading manufacturer of Performance Surfactants and Specialty Care products, closed at Rs 2,824.40 on Friday, slipping approximately 1.40 percent as compared to the previous closing levels of Rs 2,864.45 apiece.
HDFC Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 3,491 indicating a potential upside of around 23 percent as compared to the current stock prices prevailing in the markets.
Sula Vineyards Limited
With a market capitalization of Rs 4,087.05 crores, the stocks of Sula Vineyards Limited, India’s largest wine producer and seller, closed at Rs 484.25 on Friday, gaining approximately 1.10 percent as compared to the previous closing levels of Rs 479.40 apiece.
Keynote Capitals Limited gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 620 indicating a potential upside of around 28 percent as compared to the current stock prices prevailing in the markets.
Bajaj Finance Limited
With a market capitalization of Rs 4.46 lakh crores, the stocks of Bajaj Finance Limited, engaged in the business of lending, closed at Rs 7,219.30 on Friday, slipping approximately 2 percent as compared to the previous closing levels of Rs 7,365.85 apiece.
Axis Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 9,425 indicating a potential upside of around 31 percent as compared to the current stock prices prevailing in the markets.
Life Insurance Corporation of India
With a market capitalization of Rs 3.89 lakh crores, the stocks of Life Insurance Corporation of India, the largest insurance provider company in India, closed at Rs 614.70 on Friday, gaining approximately 0.90 percent as compared to the previous closing levels of Rs 609.55 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 850 indicating a potential upside of around 38 percent as compared to the current stock prices prevailing in the markets.
Biocon Limited
With a market capitalization of Rs 27,931.96 crores, the stocks of Biocon Limited, engaged in the business of manufacturing biotechnology products and research services, closed at Rs 232.65 on Friday, gaining approximately 0.30 percent as compared to the previous closing levels of Rs 231.90 apiece.
JM Financial gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 340 indicating a potential upside of around 46 percent as compared to the current stock prices prevailing in the markets.
Written by Amit Madnani
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