The Benchmark Indices closed in the red on Friday, with the Sensex experiencing a fall of 738.81 points or nearly 0.9 percent, ending the day at 80,604.65, and the Nifty 50 index closed in red by nearly 1.09 percent or 269.95 points lower, to close at 24,530.9.
The Nifty 50 index surged 0.12 percent over the previous five trading sessions, while the Sensex climbed by about 0.11 percent.
Following are the six stocks for which brokerages recommended an upside of up to 58 percent.
L&T Technology Services Limited
With a market capitalisation of Rs. 51,481.2 crore, the shares of India’s leading engineering services company in the trading session of Friday closed at Rs. 4,864.55 on BSE.
The analysts of brokerage firm Motilal Oswal recommended a ‘buy’ rating on L&T Technology Services with a target price of Rs. 5,950 per share, representing a potential upside of nearly 22 percent from Friday’s closing price.
L&T Technology Services Limited is a leading global pure-play engineering research and development (ER&D) services company and offers consultancy, design, development and testing services across the product and process development life cycle.
JSW Infrastructure Limited
With a market capitalisation of Rs. 66,297 crore, the shares of India’s second-largest private commercial port operator in the trading session of Friday closed at Rs. 315.7 on BSE.
The analysts of brokerage firm Motilal Oswal recommended a ‘buy’ rating on JSW Infra with a target price of Rs. 390 per share, representing a potential upside of nearly 24 percent from Friday’s closing price.
JSW Infrastructure Limited is primarily engaged in the business of developing, operating and maintaining the Ports services, Ports related Infrastructure development activities and development of infrastructure.
Persistent Systems Limited
With a market capitalisation of Rs. 70,475.6 crore, the shares of a global pioneer in Digital Engineering and Enterprise Modernization in the trading session of Friday closed at Rs. 4,574.85 on BSE.
The analysts of global brokerage firm Bernstein recommended a ‘buy’ rating on Persistent Systems with a target price of Rs. 5,920 per share, representing a potential upside of nearly 30 percent from Friday’s closing price.
Persistent Systems Limited is a global services and solutions company specializing in software products, services & technology innovation, and delivering Digital Engineering and Enterprise Modernisation.
L&T Finance Limited
With a market capitalisation of Rs. 43,572.2 crore, the shares of the financial arm of Larsen & Toubro Group in the trading session of Friday closed at Rs. 175.45 on BSE.
The analysts of brokerage firm Motilal Oswal recommended a ‘buy’ rating on L&T Finance with a target price of Rs. 230 per share, representing a potential upside of nearly 31 percent from Friday’s closing price.
L&T Finance Holdings Ltd is an RBI-registered NBFC offering a wide range of financial products and services including farm equipment finance, two-wheeler finance, micro loans, consumer loans, home loans, real estate finance, and other services.
Ujjivan Small Finance Bank Limited
With a market capitalisation of Rs. 8,431.5 crore, the shares of Ujjivan Small Finance Bank in the trading session of Friday closed at Rs. 43.44 on BSE.
The analysts of brokerage firm HDFC Securities recommended a ‘buy’ rating on Ujjivan Small Finance Bank with a target price of Rs. 65 per share, representing a potential upside of nearly 49 percent from Friday’s closing price.
Ujjivan Small Finance Bank Limited is a mass market-focused bank in the country, catering to financially unserved and underserved segments and committed to building financial inclusion in India.
Angel One Limited
With a market capitalisation of Rs. 18,786.5 crore, the shares of the largest listed retail stock broking house in India in terms of active clients on NSE closed at Rs. 2,085.35 on Friday.
The analysts of brokerage firm Motilal Oswal recommended a ‘buy’ rating on Angel One with a target price of Rs. 3,300 per share, representing a potential upside of nearly 58 percent from Friday’s closing price.
Angel One Limited, a technology-led financial services company, is engaged in the business of stock, currency and commodity broking, providing margin trading facility, depository services and distribution of mutual funds, to its clients; and earns brokerage, fees, commission and interest income thereon.
Written by Shivani Singh
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