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Indian equity gauges— BSE Sensex and NSE Nifty 50 rallied to a record high on Friday, led by auto and financial stocks. The Nifty 50 hit an intraday record high of 20,222.45 points and Sensex touched 67,927.23 points. The indices gained for the third straight week, while the Midcap indices snapped a three-week gaining streak. 

Meanwhile, here are a few stocks in which brokerages recommend an upside of up to 50 per cent: 

Neogen Chemicals Ltd 

Neogen Chemicals manufactures bromine and lithium-based organic and organo-metallic compounds, used in the pharmaceutical, agricultural chemicals, and engineering industries. 

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HDFC Securities has a buy rating on the stock with a target price of ₹ 2130.00. This hints at an upside of 22.84 per cent as compared to the company’s share price of ₹ 1733.90. 

APL Apollo Tubes Ltd 

APL Apollo Tubes is one of India’s leading branded steel products manufacturers. It runs 10 manufacturing facilities churning out over 1,500 varieties of MS black pipes, galvanised tubes, pre-galvanised tubes, structural ERW steel tubes and hollow sections. 

Sharekhan has maintained a buy rating on the stock with a target price of ₹ 2,000.00. This indicates an upside of 23.30 per cent as compared to the company’s share price of ₹ 1622.00. 

NCC Ltd 

NCC Limited undertakes turnkey EPC contracts and BOT projects on a public-private partnership basis. 

Geojit BNP Paribas has a buy rating on the stock with a target price of ₹ 184.00. This suggests an upside of 26.46 per cent as compared to the company’s share price of ₹ 145.50. 

Samvardhana Motherson International Ltd 

Samvardhana Motherson International is engaged in the manufacturing and sale of components to automotive original equipment manufacturers 

Geojit BNP Paribas has a buy rating on the stock with a target price of ₹ 134.00. This represents an upside of 36.04 per cent as compared to the company’s share price of ₹ 98.50. 

Wonderla Holidays Ltd 

Wonderla Holidays is engaged in the business of amusement parks and resorts. It has three amusement parks located in Bangalore, Hyderabad, and Kochi.

ICICI Securities has a buy rating on the stock with a target price of ₹ 904.00. This connotes an upside of 43.56 per cent as compared to the company’s share price of ₹ 629.70. 

Sobha Ltd 

Sobha Ltd is a real estate developer engaged in the construction of townships, housing projects, commercial premises, and other related activities. It is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products. 

HDFC Securities has reiterated a buy rating on the stock with a target price of ₹ 1024.00. This signifies an upside of 49.92 per cent as compared to the company’s share price of ₹ 683.05. 

Written By Simran Bafna 

Disclaimer

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