The Benchmark Indices showed a bullish movement on Friday with the Sensex gaining around 320 points and closing at Rs 65,828.41 and the Nifty50 index gaining around 115 points and closing at Rs 19,638.30.
Listed below are six stocks to buy now for a potential upside of up to 55 percent:
Tata Steel Limited
With a market capitalization of Rs 1.58 lakh crores, the stocks of Tata Steel Limited, company based in India engaged in the production and marketing of various steel products, closed at Rs 129 on Friday, gaining around 1.80 percent as compared to the previous closing levels of Rs 126.75 apiece.
BOB Capital Markets gave a ‘Buy’ recommendation for the stock with a target price of Rs 155 indicating a potential upside of 20 percent compared to the current stock prices prevailing in the markets.
NTPC Limited
With a market capitalization of Rs 2.38 lakh crores, the stocks of NTPC Limited, engaged in the business of generation and sale of bulk power to state power utilities in India, closed at Rs 245.65 on Friday, gaining around 3.30 percent as compared to the previous closing levels of Rs 237.80 apiece.
ICICI Direct gave a ‘Buy’ recommendation for the stock with a target price of Rs 300 indicating a potential upside of 22 percent compared to the current stock prices prevailing in the markets.
Brigade Enterprises Limited
With a market capitalization of Rs 13,100 crores, the stocks of Brigade Enterprises Limited, a property development company based in India, closed at Rs 566.55 on Friday, slipping around 1.10 percent as compared to the previous closing levels of Rs 572.85 apiece.
ICICI Securities gave a ‘Buy’ recommendation for the stock with a target price of Rs 695 indicating a potential upside of 23 percent compared to the current stock prices prevailing in the markets.
Tatva Chintan Pharma Chem Limited
With a market capitalization of Rs 3,700 crores, the stocks of Tatva Chintan Pharma Chem Limited, engaged in the business of manufacture and sale of specialty chemicals, closed at Rs 1,584 on Friday, gaining around 0.50 percent as compared to the previous closing levels of Rs 1,576 apiece.
ICICI Securities gave a ‘Buy’ recommendation for the stock with a target price of Rs 2,000 indicating a potential upside of 26 percent compared to the current stock prices prevailing in the markets.
HDFC Bank Limited
With a market capitalization of Rs 11.57 lakh crores, the stocks of HDFC Bank Limited, providing various banking and financial services to individuals & businesses, closed at Rs 1,526.55 on Friday, gaining around 0.25 percent as compared to the previous closing levels of Rs 1,522.95 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the stock with a target price of Rs 1,950 indicating a potential upside of 28 percent compared to the current stock prices prevailing in the markets.
Ashoka Buildcon Limited
With a market capitalization of Rs 3,400 crores, the stocks of Ashoka Buildcon Limited, engaged in the infrastructure development business, closed at Rs 122.15 on Friday, gaining a huge 9 percent as compared to the previous closing levels of Rs 111.95 apiece.
HDFC Securities gave a ‘Buy’ recommendation for the stock with a target price of Rs 189 indicating a potential upside of 55 percent compared to the current stock prices prevailing in the markets.
Written by Amit Madnani
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