The Benchmark Indices witnessed a jump today with the Sensex gaining 800 points and closing at Rs 64,719. Moreover, the Nifty 50 index saw a jump of 217 points and closed at Rs 19,189. Both the indices touched their all-time high levels with the Sensex attaining the same at Rs 64,768.58 and the Nifty 50 index at Rs 19,201.70.
Listed below are six stocks to buy this salary day for a potential upside of 77 percent:
Kajaria Ceramics Limited
The shares of Kajaria Ceramics Limited closed at Rs 1,258 apiece on Friday, slipping around 0.80 percent compared to the previous closing levels of Rs 1,267.80. It has a market capitalization of Rs 20,000 crores.
IDBI Capital gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,580 indicating an upside of around 26 percent as compared to the prevailing stock prices.
Kajaria Ceramics Limited is engaged in the process of manufacturing indoor floors and wand tiles. The company’s product portfolio includes polished vitrified tiles, tile adhesives, etc.
Hindustan Oil Exploration Company Limited
The shares of Hindustan Oil Exploration Company Limited closed at Rs 206.10 apiece on Friday, trading flat compared to the previous closing levels of Rs 205.95. It has a market capitalization of Rs 2,725 crores.
ICICI Direct gave a ‘Buy’ recommendation on the stock with a target price of Rs 260 indicating an upside of around 26 percent as compared to the prevailing stock prices.
Hindustan Oil Exploration Company Limited is involved in the business of the exploration, production, and development of natural gas as well as crude oil in India.
Steel Strips Wheels Limited
The shares of Steel Strips Wheels Limited closed at Rs 204.95 apiece on Friday, slipping around 1.70 percent compared to the previous closing levels of Rs 208.45. It has a market capitalization of Rs 3,207 crores.
ICICI Direct gave a ‘Buy’ recommendation on the stock with a target price of Rs 260 indicating an upside of around 27 percent as compared to the prevailing stock prices.
Steel Strips Wheels Limited is a company based in India that is engaged in the process of manufacturing as well as designing alloy wheel rims, steel wheel rims, and catering to various automobile segments.
Triveni Engineering and Industries Limited
The shares of Triveni Engineering & Industries Limited closed at Rs 283.10 apiece on Friday, gaining around 1.30 percent compared to the previous closing levels of Rs 279.60. It has a market capitalization of Rs 6,197 crores.
ICICI Direct gave a ‘Buy’ recommendation on the stock with a target price of Rs 370 indicating an upside of around 31 percent as compared to the prevailing stock prices.
Triveni Engineering & Industries Limited is a sugar manufacturing company based in India. It has other allied businesses as well which include the ‘Engineering’ business.
PVR INOX Limited
The shares of PVR INOX Limited closed at Rs 1,373.45 apiece on Friday, slipping around 0.50 percent compared to the previous closing levels of Rs 1,379.90. It has a market capitalization of Rs 13,455 crores.
ICICI Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,950 indicating an upside of around 42 percent as compared to the prevailing stock prices.
PVR INOX Limited is a media company that is primarily engaged in the film entertainment industry. It broadly has two business segments including the ‘Movie Exhibition’ segment and others.
Sunteck Realty Limited
The shares of Sunteck Realty Limited closed at Rs 281.80 apiece on Friday, trading flat compared to the previous closing levels of Rs 281.75. It has a market capitalization of Rs 4,127 crores.
Yes Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 500 indicating an upside of around 77 percent as compared to the prevailing stock prices.
Sunteck Realty Limited is a Real Estate development company that is involved in the business of designing, developing, and managing commercial as well as residential properties.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
