Equity benchmark indices ended Friday’s trading session in the positive territory with gains of over 1 percent each, led by buying across the sectors. The NSE Nifty 50 jumped 397.40 points or 1.65 percent to settle at 25,541.15, while the BSE Sensex added 1330.96 points, or 1.68 percent, to close at 80,436.84.
Listed below are six stocks in which the brokerages have recommended an upside of up to 70%:
Hindustan Aeronautics Ltd
With a market capitalization of Rs. 3,18,738 crores, the shares of the defence company started Friday’s trading session on a higher note at Rs. 4,769.50, compared to its previous close of Rs. 4,794.60. During the trading session, the shares hit a high of Rs. 4,794.60, gaining around 3 percent and closed the day at Rs. 4658 apiece.
Jefferies, one of the international brokerage firms, has given a buy call on Hindustan Aeronautics with a target price of Rs 5,725, indicating a potential upside movement of around 20 percent compared to its current market price.
Mahindra & Mahindra Ltd
With a market capitalization of Rs. 3,53,162 crores, the shares of the automobile manufacturing company started Friday’s trading session on a higher note at Rs. 2,789, compared to its previous close of Rs. 2,745.25. During the trading session, the shares hit a high of Rs. 2,845.05, gaining around 4 percent and closed the day at Rs. 2,840 apiece.
Nomura, one of the international brokerage firms, has maintained a buy rating on Mahindra & Mahindra with a target price of Rs. 3,417 indicating a potential upside movement of around 20 percent compared to its current market price.
SignatureGlobal India Ltd
With a market capitalization of Rs. 21,495 crores, the shares of the real estate development company started Friday’s trading session on a higher note at Rs. 1,501 compared to its previous close of Rs. 1,490.60. During the trading session, the shares hit a high of Rs. 1532, gaining around 3 percent and closed the day at Rs. 1,530 apiece.
Motilal Oswal, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 2,000 indicating a potential upside movement of around 31 percent compared to its current market price.
Bharat Dynamics Ltd
With a market capitalization of Rs. 48,460, the shares of the defence equipment manufacturing company started Friday’s trading session on a higher note at Rs. 1,300 compared to its previous close of Rs. 1,317.80. During the trading session, the shares hit a high of Rs. 1,340, gaining around 2 percent and closed the day at Rs. 1,318 apiece.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 1,745 indicating a potential upside movement of around 32 percent compared to its current market price.
Tata Steel Ltd
With a market capitalization of Rs. 1,86,629 crores, the shares of Tata Group company started Friday’s trading session on a higher note at Rs. 148 compared to its previous close of Rs. 146.17. During the trading session, the shares hit a high of Rs. 150, gaining around 3 percent and closed the day at Rs. 149 apiece.
Jefferies, one of the international brokerage firms, has given a buy call on Tata Steel with a target price of Rs 200, indicating a potential upside movement of around 34 percent compared to its current market price.
Gland Pharma Ltd
With a market capitalization of Rs. 32,000 crores, the shares of the pharmaceutical company started Friday’s trading session on a higher note at Rs. 1,942.80 compared to its previous close of Rs. 1,938.25. During the trading session, the stock hit a high of Rs. 1,973.75, gaining around 1 percent and closed at Rs. 1,945 apiece.
Analysts at Trade Brains, have given a ‘Buy’ target on the company’s stock with a target of Rs. 3,300 indicating a potential upside movement of around 70 percent compared to its current market price.
Written By Vaibhav Patil
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