The Indian Benchmark Indices closed in red on Friday with the Sensex losing around 230.05 points ending the week at 81,381.36 and the Nifty 50 index losing around 34.20 points ending the week at 24,964.25.
In the last five trading sessions, the Sensex declined by approximately 0.73 percent while the Nifty 50 index declined by 0.46 percent.
Listed below are six stocks that one can add to their portfolio for a potential upside of up to 49 percent.
Vedanta
With a market capitalization of Rs. 1,94,503 Crores, the shares of Vedanta Limited, a diversified natural resource group engaged in exploring, extracting, and processing minerals and oil & gas, closed at Rs. 497.40 per equity share up 1 percent from its previous day’s close price of Rs. 492.30.
ICICI Securities has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 600, indicating a potential upside of approximately 21 percent from the market close price as above.
Titan Company
With a market capitalization of Rs. 3,08,497 Crores, the shares of Titan Company Limited with established leading positions in the jewellery, watches, and eye care categories led by trusted and well-known brands, closed at Rs. 3,474.90 per equity share up 0.79 percent from its previous day’s close price of Rs. 3,447.60.
Emkay Global has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 4400, indicating a potential upside of approximately 27 percent from the market close price as above.
Genus Power Infrastructure
With a market capitalization of Rs. 12,190 Crores, the shares of Genus Power Infrastructure Limited engaged in manufacturing and providing Meters and Metering Solutions, closed at Rs. 401.20 per equity share down 0.46 percent from its previous day’s close price of Rs. 403.05.
Emkay Global has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 500, indicating a potential upside of approximately 25 percent from the market close price as above.
Signatureglobal (India)
With a market capitalization of Rs. 20,849 Crores, the shares of Signatureglobal (India) Limited a real estate development company, focussed on offering affordable and mid-segment housing, closed at Rs. 1,483.80 per equity share down 1.66 percent from its previous day’s close price of Rs. 1,508.80.
ICICI Securities has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1,905, indicating a potential upside of approximately 28 percent from the market close price as above.
Man Infraconstruction
With a market capitalization of Rs. 7,000 Crores, the shares of Man Infraconstruction Limited an integrated EPC player with experience and execution capabilities in Port, Residential, Commercial & Industrial and Road construction segments closed at Rs. 188.55 per equity share down 0.08 percent from its previous day’s close price of Rs. 188.70.
Axis Direct has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 240, indicating a potential upside of approximately 28 percent from the market close price as above.
JK Paper
With a market capitalization of Rs. 8,554 Crores, the shares of JK Paper Limited engaged in producing a wide range of papers, paper boards, and many more, closed at Rs. 505 per equity share up 1.63 percent from its previous day’s close price of Rs. 496.90.
IDBI Capital has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 750, indicating a potential upside of approximately 49 percent from the market close price as above.
Written by: Bharath K.S
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