The Benchmark Indices closed in the green on Friday, hitting its all-time high levels, with the Sensex gaining 969.55 points or 1.37 percent, ending the week at 71,483.75, and the Nifty 50 index gaining 273.95 points or 1.29 percent, ending the week at 21,456.65.
In the last five trading sessions, the Sensex gained around 2.18 percent and the Nifty 50 index moved up by 2.30 percent.
Listed below are seven stocks in which the brokerages recommended an upside of up to 34%:
Thyrocare Technologies Ltd
Thyrocare Technologies is engaged in the business of the healthcare industry and is involved in providing quality diagnostic services at affordable costs to patients, laboratories, and hospitals in India.
ICICI Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 740 indicating a potential upside of around 18 percent compared to the current stock prices prevailing in the market.
Castrol India Ltd
Castrol India Ltd is primarily engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services.
HDFC Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 175 indicating a potential upside of around 20 percent compared to the current stock prices prevailing in the market.
Sonata Software Ltd
Sonata Software Ltd is primarily engaged in the business of providing Information Technology (IT) Services and Solutions to its various customers in the United States of America, Europe, the Middle East, Australia, and India.
IDBI Capital gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 915 indicating a potential upside of around 19 percent compared to the current stock prices prevailing in the market.
Eureka Forbes Ltd
Eureka Forbes Limited is engaged in the health & hygiene segment with product profiles comprising water purifiers, vacuum cleaners, air purifiers, and home security systems.
Kotak Institutional Equities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 670 indicating a potential upside of around 22 percent compared to the current stock prices prevailing in the market.
Aditya Birla Capital Ltd
Aditya Birla Capital Ltd is one of India’s top NBFCs which provides services like personal finance, mortgage finance, SME finance, and many more.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 220 indicating a potential upside of around 33 percent compared to the current stock prices prevailing in the market.
Bajaj Finance Ltd.
Bajaj Finance is mainly engaged in the business of lending. The company has a diversified lending portfolio across retail, SME, and commercial customers with a significant presence in urban and rural India. It also accepts public and corporate deposits and offers a variety of financial services products to its customers.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 9,600 indicating a potential upside of around 28 percent compared to the current stock prices prevailing in the market.
Star Health and Allied Insurance Company Ltd
Star Health and Allied Insurance Company Limited provides health insurance products in India. It is the largest private health insurer in India with a market share of 15.8% in the Indian health insurance market in FY21.
Motilal Oswal has a buy rating on the stock with a target price of Rs 730, which translates to an upside of 34 percent as compared to its share price of Rs 545.15.
Written by Omkar Chitnis
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