The Indian Benchmark Indices closed in the red on Friday with the Sensex having a flat movement of around 16 points and closing at 73,142.80 and the Nifty 50 index slipping just 5 points and closing at 22,212.70.
In the last five trading sessions, the Sensex gained approximately 1.10 percent while the Nifty 50 index gained around 0.65 percent. Listed below are six stocks that one should add to their portfolio for a potential upside of up to 70 percent:
Eris Lifesciences Limited
With a market capitalization of Rs 11,915.40 crores, the stocks of Eris Lifesciences Limited, engaged in the business of manufacture and marketing of pharmaceutical products, closed at Rs 875.95 on Friday, gaining around 1.10 percent as compared to the previous closing levels of Rs 866.35 apiece.
Prabhudas Lilladher gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 1,100 indicating a potential upside of approximately 26 percent as compared to the prevailing stock price levels.
Royal Orchid Hotels Limited
With a market capitalization of Rs 1,149.12 crores, the stocks of Royal Orchid Hotels Limited, one of India’s fastest-growing hospitality brands, closed at Rs 419 on Friday, slipping around 1 percent as compared to the previous closing levels of Rs 422.95 apiece.
Edelweiss gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 535 indicating a potential upside of approximately 27 percent as compared to the prevailing stock price levels.
Hindalco Industries Limited
With a market capitalization of Rs 1.17 lakh crores, the stocks of Hindalco Industries Limited, a flagship company of the Aditya Birla Group (ABG) engaged in the production of Aluminium and Copper, closed at Rs 518.25 on Friday, slipping around 0.60 percent as compared to the previous closing levels of Rs 521.25 apiece.
Axis Direct gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 660 indicating a potential upside of approximately 28 percent as compared to the prevailing stock price levels.
Arvind Fashions Limited
With a market capitalization of Rs 6,321.80 crores, the stocks of Arvind Fashions Limited, operating in the branded apparel, beauty and footwear space, closed at Rs 475.55 on
Friday, gaining around 3.60 percent as compared to the previous closing levels of Rs 458.90 apiece.
Edelweiss gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 651 indicating a potential upside of approximately 36 percent as compared to the prevailing stock price levels.
JK Tyre & Industries Limited
With a market capitalization of Rs 13,329.50 crores, the stocks of JK Tyre & Industries Limited, one of the leading tyre manufacturers in India under the JK group, closed at Rs 511.25 on Friday, gaining around 1.70 percent as compared to the previous closing levels of Rs 502.90 apiece.
Emkay Global gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 700 indicating a potential upside of approximately 37 percent as compared to the prevailing stock price levels.
I G Petrochemicals Limited
With a market capitalization of Rs 1,469.22 crores, the stocks of I G Petrochemicals Limited, engaged in the business of chemicals used in the manufacturing of dyes, polyester resins, etc, closed at Rs 477.10 on Friday, gaining around 0.60 percent as compared to the previous closing levels of Rs 474.10 apiece.
Keynote Capitals gave a ‘Buy’ recommendation on the company’s stock with a target price of Rs 793 indicating a potential upside of approximately 66 percent as compared to the prevailing stock price levels.
Written by Amit Madnani
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