The Benchmark Indices concluded Wednesday’s trading session negatively, with the Sensex declining by 398.13 points, or nearly 0.5 percent, ending the day at 81,523.16.
Meanwhile, the Nifty 50 index decreased by about 122.65 points, equivalent to a fall of nearly 0.5 percent, and closed in the red at 24,918.45.
Over the previous five trading sessions, the Nifty 50 index moved down by 1.11 percent, while the Sensex witnessed a decline of around 1.01 percent.
Following are the six stocks for which brokerages recommended an upside of up to 55 percent:
Vinati Organics Limited
With a market capitalisation of Rs. 20,000.2 crores, the stock moved up by nearly 4 percent on BSE to Rs. 1,975 on Wednesday.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Vinati Organics, setting a target price of Rs. 2,425 per share, indicating a potential upside of nearly 26 percent from Wednesday’s closing price of Rs. 1,929.3.
Established in 1989, Vinati Organics Limited is engaged in the business of manufacturing speciality chemicals.
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Syrma SGS Technology Limited
With a market capitalisation of Rs. 7,458.6 crores, the shares of an engineering and design company moved up by nearly 0.8 percent on BSE to Rs. 423.35 on Wednesday.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Syrma SGS Technology, setting a target price of Rs. 540 per share, indicating a potential upside of nearly 29 percent from Wednesday’s closing price of Rs. 420.
Syrma SGS Technology Limited is engaged in manufacturing various electronic sub-assemblies, assemblies and box builds, disk drives, power supplies/adapters, fibre optic assemblies, magnetic induction coils, and other electronic products.
Kirloskar Oil Engines Limited
With a market capitalisation of Rs. 18,624.2 crores, the shares of a leader in the manufacturing of internal combustion engines, agricultural equipment, and generator sets moved up by nearly 0.03 percent on BSE to Rs. 1,314 on Wednesday.
The analysts of brokerage firm JM Financial have issued a ‘buy’ rating for Kirloskar Oil Engines, setting a target price of Rs. 1,665 per share, indicating a potential upside of nearly 30 percent from Wednesday’s closing price of Rs. 1,283.7.
Kirloskar Oil Engines Limited is engaged in the business of manufacturing of engines, generating sets, pump sets and power tillers and spares thereof.
Signatureglobal (India) Limited
With a market capitalisation of Rs. 20,533.5 crores, the shares of one of the leading real estate development companies in India moved up by nearly 0.5 percent on BSE to Rs. 1,470 on Wednesday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Signatureglobal (India) Limited, setting a target price of Rs. 1,905 per share, indicating a potential upside of nearly 31 percent from Wednesday’s closing price of Rs. 1,461.35.
Incorporated in 2000, Signatureglobal (India) Limited is a real estate development company operating in the National Capital Region (NCR) of Delhi focussed on offering affordable and mid-segment housing. It is also engaged in supplying construction materials and providing construction services.
EPL Limited
With a market capitalisation of Rs. 7,979.2 crores, the shares of one of the largest specialty packaging global companies moved up by nearly 0.8 percent on BSE to Rs. 258.55 on Wednesday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for EPL, setting a target price of Rs. 350 per share, indicating a potential upside of nearly 40 percent from Wednesday’s closing price of Rs. 250.6.
EPL Limited is engaged in the manufacturing of plastic packaging material in the form of multilayer collapsible tubes, corrugated boxes and laminates used primarily for packaging of consumer products in the beauty & cosmetics, health & pharmaceuticals, food, home and oral care categories.
Azad Engineering Limited
With a market capitalisation of Rs. 9,339.8 crores, the stock moved up by nearly 5.4 percent on BSE to Rs. 1,619.1 on Wednesday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Azad Engineering, setting a target price of Rs. 2,450 per share, indicating a potential upside of nearly 55 percent from Wednesday’s closing price of Rs. 1,580.
Azad Engineering Limited is one of the only Indian manufacturers of highly engineered, complex, mission and life-critical high-precision components.
The company’s products portfolio includes 3D rotating airfoil portions of turbine engines and other key products for combustion, hydraulics, flight-controls, propulsion and actuation which power defence and civil aircrafts, spaceships, defence missiles, nuclear power, hydrogen, gas power, oil and thermal power.
Written by Shivani Singh
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