The Benchmark Indices closed in the red on Friday, with the Sensex falling 170.12 points or 0.23 percent, ending the week at 72,240.26, and the Nifty 50 index fell by 47.30 points or 0.22 percent, ending the week at 21,731.40.
In the last five trading sessions, the Sensex gained around 1.62 percent and the Nifty 50 index moved up by 2.24 percent.
Listed below are six stocks in which the brokerages recommended an upside of up to 79%:
HPL Electric & Power Ltd
HPL India is India’s leading manufacturer of smart power meters and smart energy metering equipment. The company holds a prominent position in five major product areas for electric equipment such as wires and cables, LED lights, switchgear, modular switches, and metering systems.
ICICI Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 305 indicating a potential upside of around 22 percent compared to the current stock prices prevailing in the market.
CEAT Ltd
Ceat Ltd is a leading tyre manufacturer for automobiles, utility vehicles, and trucks in India and abroad. The firm also manufactures and markets tubes and flaps.CEAT has a footprint in over 110 countries across the world.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 2,950 indicating a potential upside of around 22 percent compared to the current stock prices prevailing in the market.
Housing & Urban Development Corporation Ltd
Housing & Urban Development Corporation Ltd is primarily engaged in the business of financing housing and urban development activities in the country.
Axis Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 165 indicating a potential upside of around 31 percent compared to the current stock prices prevailing in the market.
Rashtriya Chemicals & Fertilizers Ltd
Rashtriya Chemicals & Fertilizers is a public-sector undertaking that is engaged in the manufacturing and marketing of fertilizers and industrial chemicals.
Axis Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 200 indicating a potential upside of around 25 percent compared to the current stock prices prevailing in the market.
GAIL (India) Ltd
GAIL (India) Ltd is engaged in natural gas exploration and production, processing, transmission, distribution and marketing, and related services. The company has diversified into petrochemicals, telecoms, and liquid hydrocarbons.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 195 indicating a potential upside of around 20 percent compared to the current stock prices prevailing in the market.
Allcargo Gati Ltd
Allcargo Gati is primarily engaged in express distribution and supply chain solutions through surface, air, and rail logistics, supply chain management (SCM), E-comm logistics, freight forwarding, and cold chain – transportation and warehousing.
Edelweiss gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 222 indicating a potential upside of around 79 percent compared to the current stock prices prevailing in the market.
Written by Omkar Chitnis
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