The Benchmark Indices closed in the green on Friday with the Sensex gaining 333 points and closing at Rs 66,598.91, and, the Nifty 50 index rising around 93 points and closing at Rs 19,819.95.
Having a positive outlook, congruent to the stock market movements during the last week, six stocks are listed below that one should keep on their radar for a potential upside of up to 50 percent:
Neogen Chemicals Limited
With a market capitalization of Rs 4,403.29 crores, the stocks of Neogen Chemicals Limited, engaged in the business of manufacturing and selling specialty chemicals in India, closed at Rs 1,765.60 on Friday, gaining around 2 percent as compared to the previous close of Rs 1,730.95 apiece.
HDFC Securities gave a ‘Buy’ recommendation for the stock with a target price of Rs 2,130 indicating a potential upside of 21 percent compared to the current stock prices prevailing in the markets.
Bajaj Finance Limited
With a market capitalization of around Rs 4.49 Lakh crores, the stocks of Bajaj Finance Limited, the holding company for a wide range of financial services businesses under the ‘Bajaj’ Group, closed at Rs 7,409.30 on Friday, gaining around 0.60 percent as compared to the previous close of Rs 7,362.80 apiece.
BOB Capital Markets gave a ‘Buy’ recommendation for the stock with a target price of Rs 9,105 indicating a potential upside of 23 percent compared to the current stock prices prevailing in the markets.
Raymond Limited
With a market capitalization of Rs 13,821.37 crores, the stocks of Raymond Limited, engaged in the apparel as well as textile business, closed at Rs 2,076.10 on Friday, slipping around 3.50 percent as compared to the previous close of Rs 2,151.95 apiece.
Motilal Oswal gave a ‘Buy’ recommendation for the stock with a target price of Rs 2,600 indicating a potential upside of 25 percent compared to the current stock prices prevailing in the markets.
Beta Drugs Limited
With a market capitalization of Rs 1,000 crores, the stocks of Beta Drugs Limited, engaged in the business of developing, manufacturing, and trading in ‘oncology’ medicines in India,
closed at Rs 1,044 on Friday, gaining around 0.10 percent as compared to the previous close of Rs 1,042.95 apiece.
Nuvama gave a ‘Buy’ recommendation for the stock with a target price of Rs 1,325 indicating a potential upside of 27 percent compared to the current stock prices prevailing in the markets.
FSN E-Commerce Ventures Limited
With a market capitalization of Rs 41,693.04 crores, the stocks of FSN E-Commerce Ventures Limited, a digitally native consumer technology platform for lifestyle retail experience, closed at Rs 146.10 on Friday, gaining around 1.20 percent as compared to the previous close of Rs 144.40 apiece.
JM Financial gave a ‘Buy’ recommendation for the stock with a target price of Rs 210 indicating a potential upside of 44 percent compared to the current stock prices prevailing in the markets.
Sobha Limited
With a market capitalization of Rs 6,466.59 crores, the stocks of Sobha Limited, engaged in the ‘Real Estate’ business closed at Rs 681.80 on Friday, gaining around 11 percent as compared to the previous close of Rs 614.80 apiece.
HDFC Securities gave a ‘Buy’ recommendation for the stock with a target price of Rs 1,024 indicating a potential upside of 50 percent compared to the current stock prices prevailing in the markets.
Written by Amit Madnani
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