The Indian Benchmark Indices opened in the red on Monday with the Sensex slipping around 585 points and currently trading at 72,079.58, and the Nifty 50 index slipping around 165 points and trading at 21,890.
In the past five trading sessions, the indices, in congruence, have shown some negative movements with the Sensex slipping approximately 2.27 percent and the Nifty 50 index decreasing by around 2.67 percent.
Listed below are six stocks that one should add to their portfolio for a potential upside of up to 55 percent:
Aptus Value Housing Finance India Limited
With a market capitalization of Rs 15,728.58 crores, the stocks of Aptus Value Housing Finance India Limited, formed to address the housing finance needs of self-employed, low and middle-income families from semi-urban and rural areas, currently trades at Rs 315.45, slipping 1.90 percent compared to the previous closing levels of Rs 321.50 apiece.
Axis Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 400 indicating a potential upside of approximately 26.60 percent compared to the prevailing stock price levels.
Indian Bank
With a market capitalization of Rs 68,870.27 crores, the stocks of Indian Bank Limited, a medium-sized bank offering deposits, loans, and other banking services, currently trades at Rs 511.30, slipping 0.50 percent compared to the previous closing levels of Rs 513.95 apiece
Emkay Global gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 650 indicating a potential upside of approximately 27.20 percent compared to the prevailing stock price levels.
Mahindra & Mahindra Financial Services Limited
With a market capitalization of Rs 31,425.70 crores, the stocks of Mahindra & Mahindra Financial Services Limited, an NBFC company primarily engaged in the business of financing the purchase of new & pre-owned auto and utility vehicles, etc, currently trades at Rs 254.35, gaining 1.60 percent compared to the previous closing levels of Rs 250.40 apiece
Sharekhan gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 345 indicating a potential upside of approximately 35.80 percent compared to the prevailing stock price levels.
CreditAccess Grameen Limited
With a market capitalization of Rs 21,993.22 crores, the stocks of CreditAccess Grameen Limited, an NBFC company engaged in providing microfinance services to enrolled women members and others organized as Joint Liability Groups, currently trades at Rs 1,379.95, slipping 2.50 percent compared to the previous closing levels of Rs 1,415.15 apiece
Axis Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 1,900 indicating a potential upside of approximately 37.70 percent compared to the prevailing stock price levels.
Happiest Minds Technologies Limited
With a market capitalization of Rs 12,136.30 crores, the stocks of Happiest Minds Technologies Limited, a next-gen IT solutions & services company, currently trades at Rs 798, slipping 1.30 percent compared to the previous closing levels of Rs 808.40 apiece
Axis Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 1,100 indicating a potential upside of approximately 37.80 percent compared to the prevailing stock price levels.
Sonata Software Limited
With a market capitalization of Rs 14,161.45 crores, the stocks of Sonata Software Limited, primarily engaged in providing IT services and solutions to its various customers in the US, Europe, etc, currently trades at Rs 505, slipping 2.30 percent compared to the previous closing levels of Rs 516.90 apiece
IDBI Capital gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 770 indicating a potential upside of approximately 52.50 percent compared to the prevailing stock price levels.
Written by Amit Madnani
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