The Benchmark Indices closed in the green on Friday, hitting their all-time high levels, with the Sensex gaining 304 points and closing at Rs 69,826, and, the Nifty 50 index gaining 68 points and closing at Rs 20,969.
One of the important developments that probably caused the markets to jump today is after the Reserve Bank of India (RBI) kept the repo rates unchanged and raised the growth forecast for the country as a whole.
In the past five trading sessions, the Sensex gained around 2 percent and the Nifty 50 index moved up by 1.97 percent. Listed below are six stocks that one should buy now for a potential upside of up to 58 percent:
Adani Ports & Special Economic Zone Limited
With a market capitalization of Rs 2.21 lakh crores, the stocks of Adani Ports & Special Economic Zone Limited, engaged in the business of operating and maintaining port infrastructure, closed at Rs 1,022.60 on Friday, slipping approximately 1.60 percent compared to the previous closing levels of Rs 1,039.55 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,210 indicating a potential upside of around 18 percent compared to the current stock prices prevailing in the markets.
Sansera Engineering Limited
With a market capitalization of Rs 4,908.72 crores, the stocks of Sansera Engineering Limited, manufacturing complex components across automotive & non – automotive sectors, closed at Rs 920.50 on Friday, slipping approximately 0.80 percent compared to the previous closing levels of Rs 927.90 apiece.
ICICI Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,100 indicating a potential upside of around 19 percent compared to the current stock prices prevailing in the markets.
Cholamandalam Investment and Finance Company Limited
With a market capitalization of Rs xx crores, the stocks of Cholamandalam Investment and Finance Company Limited, one of the premier NBFC companies in India, closed at Rs 1,167.15 on Friday, gaining approximately 2.70 percent compared to the previous closing levels of Rs 1,137.10 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,420 indicating a potential upside of around 21.60 percent compared to the current stock prices prevailing in the markets.
Aditya Vision Limited
With a market capitalization of Rs xx crores, the stocks of Aditya Vision Limited, engaged in trading of consumer durables of all kinds, closed at Rs 3,280.65 on Friday, slipping approximately 0.50 percent compared to the previous closing levels of Rs 3,296.20 apiece.
Edelweiss (Nuvama) gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 4,002 indicating a potential upside of around 22 percent compared to the current stock prices prevailing in the markets.
PSP Projects Limited
With a market capitalization of Rs xx crores, the stocks of PSP Projects Limited, offering a diversified range of construction and allied services, closed at Rs 767.50 on Friday, slipping approximately 1.50 percent compared to the previous closing levels of Rs 779.15 apiece.
Keynote Capitals Limited gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 988 indicating a potential upside of around 29 percent compared to the current stock prices prevailing in the markets.
One97 Communications Limited
With a market capitalization of Rs 41,373.51 crores, the stocks of One97 Communications Limited, India’s leading digital ecosystem, closed at Rs 651.90 on Friday, slipping approximately 1.40 percent compared to the previous closing levels of Rs 661.30 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,025 indicating a potential upside of around 58 percent compared to the current stock prices prevailing in the markets.
Written by Amit Madnani
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