The recent trend indicates that markets may continue to exhibit intra-day volatility as investors keenly await the outcome of the US Fed’s decision on interest rates next week.- Kotak Securities Ltd
We expect weakness in tech stocks to continue on account of the weak growth outlook, FMCG stocks are expected to do well on the back of a fall in commodity prices and improving demand.- Motilal Oswal Financial Services Ltd
As the sentiments in the markets have taken a turn after reaching new highs, here are 7 stocks recommended by analysts for an upside of up to 90%:
Max Financial Services Limited
Emkay Global has a ‘Buy’ call on India’s largest non-bank, private life insurance company with a target price of Rs 930 per share which represents an upside of 33% from the current levels of Rs 697.
Star Health and Allied Insurance Company Limited
Motilal Oswal has a ‘Buy’ call on the multinational health insurance company with a target price of Rs 810 per share which represents an upside of 35% from the current levels of Rs 599.
UPL Limited
Prabhudas Lilladher has a ‘Buy’ call on the fifth largest agrochemical company in the world with a target price of Rs 1,070 per share which represents an upside of 40% from the current levels of Rs 764.
Mahindra Lifespace Developers Limited
Motilal Oswal has a ‘Buy’ call on the Mahindra Group real estate and infrastructure development company with a target price of Rs 550 per share which represents an upside of 48% from the current levels of Rs 371.
Godawari Power and Ispat Limited
Edelweiss has a ‘Buy’ call on the HIRA Group company engaged in power generation with a target price of Rs 550 per share which represents an upside of 61% from the current levels of Rs 342.
Jindal Stainless Limited
ICICI Direct has a ‘Buy’ call on the steel company under the Jindal group with a target price of Rs 351 per share which represents an upside of 81% from the current levels of Rs 194.
Greenpanel Industries Limited
ICICI Securities Limited has a ‘Buy’ call on India’s largest manufacturer of wood panels with a target price of Rs 668 per share which represents an upside of 90% from the current levels of Rs 352.
Written by Anoushka Roy
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