On Friday, domestic benchmark indexes closed in the red. The BSE Sensex fell 221.09 points, or 0.33%, ending the week at 66,009.15. Similarly, the NSE Nifty 50 fell 68.10 points, or 0.34%, to 19,674.25.
Meanwhile, here are six stocks in which the brokerages recommend an upside of up to 42%:
Raymond Ltd
Raymond Ltd is a leading Indian textile major, The company produces wool-blended and premium polyester viscose worsted suiting. Besides, textile the company has also diversified in engineering and aviation.
Motilal Oswal has a buy rating on the stock with a target price of Rs 2600, which translates to an upside of 41% percent rise over its Friday closing price of Rs 1,835.05.
Syrma SGS Technology Ltd
Syrma SGS Technology Limited is an engineering and design company that specializes in electronics manufacturing services (EMS). And company provides comprehensive services and solutions to original equipment manufacturers (OEMs) from the initial product concept stage through volume manufacturing.
Morgan Stanley has a buy rating on the stock with a target price of Rs 671, which translates to an upside of 25% percent rise over its Friday closing price of Rs 533.65.
Kaynes Technology India Ltd
Kaynes Technology is a leading integrated electronics manufacturing company that provides end-to-end and IoT solutions. The company provides conceptual design, process engineering, integrated production, and life-cycle support. The company is a significant player in the automotive, industrial, aerospace, and defence industries, as well as many others
Morgan Stanley has a buy rating on the stock with a target price of Rs 2,440, which translates to an upside of 19% percent rise over its Friday closing price of Rs 2,050.15
IIFL Finance Ltd
IIFL Finance Ltd is a diversified NBFC in India. It provides a diverse range of products such as home loans, gold loans, business loans, microfinance, and many more.
HSBC Global Research has a buy rating on the stock with a target price of Rs 790, which translates to an upside of 37% percent rise over its Friday closing price of Rs 575.85.
Sansera Engineering Ltd
Sansera Engineering manufactures and provides a comprehensive range of precision forged and machined components for the automotive sector, as well as precision components for aerospace, off-road, agricultural, and other segments for the non-automotive sector.
ICICI Securities has a buy rating on the stock with a target price of Rs 1,333, which translates to an upside of 42% percent rise over its Friday closing price of Rs 940.65.
Star Health & Allied Insurance Company Ltd
Star Health & Allied Insurance Ltd (Star) is India’s first Standalone Health Insurance provider which offers innovative services and products in health, personal accident and overseas & domestic travel insurance aligned with the needs of the Indian Market.
Motilal Oswal has a buy rating on the stock with a target price of Rs 760, which translates to an upside of 29% percent rise over its Friday closing price of Rs 588.30.
Written by Omkar S Chitnis
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