On Friday, domestic benchmark indexes closed in the red. The BSE Sensex declined 125.65 points, or 0.19 %, ending the week at 66,282.74. Similarly, the NSE Nifty 50 declined 42.95 points, or 0.22%, ending the week at 19,751.05.
Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 45%:
Stylam Industries Ltd
Stylam Industries manufactures decorative laminates under the brand name “STYLAM” and exports its products to European and Southeast Asian nations.
HDFC Securities has a buy rating on the stock with a target price of Rs 2,300, which translates to an upside of 32% as compared to Friday’s closing price of Rs 1,742.
PI Industries Ltd.
PI Industries Ltd is a market leader in agrochemicals, with a strong presence in both domestic and export markets. The company’s chemical range includes insecticides, fungicides, specialty compounds, and many more.
Motilal Oswal has a buy rating on the stock with a target price of Rs 4,560, which translates to an upside of 31% as compared to Friday’s closing price of Rs 3,481.
Godrej Properties Ltd
Godrej Properties Limited is engaged in real estate development. The company’s business focuses on residential, commercial, and township developments.
IDBI Capital has a buy rating on the stock with a target price of Rs 2,115, which translates to an upside of 25% as compared to its Friday closing price of Rs 1,688.
Cyient Ltd
Cyient (formerly Infotech Enterprises Limited) is engaged in engineering, manufacturing, data analytics, and networks and operations.
HSBC Global Research has a buy rating on the stock with a target price of Rs 2,294, which translates to an upside of 32% as compared to its Friday closing price of Rs 1,729.
Raymond Ltd
Raymond Limited operates in the Textile and apparel sectors, and the company also has a foothold in other industries such as Real Estate, FMCG, and Engineering.
Motilal Oswal has a buy rating on the stock with a target price of Rs 2,600, which translates to an upside of 45% as compared to its Friday closing share price of Rs 1,794.
JK Lakshmi Cement Ltd
JK Lakshmi Cement Ltd is a manufacturer and supplier of Cement and related products like RMC & AAC Blocks in different states in India.
ICICI Direct has a buy rating on the stock with a target price of Rs 840, which translates to an upside of 24% as compared to its Friday closing share price of Rs 678.
Written by Omkar Chitnis
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