Domestic benchmark indices Sensex and Nifty 50 failed to hold intraday recovery and ended lower on Friday. In fact, the Nifty 50 posted the fourth straight weekly loss for the first time in 15 months.
The BSE Sensex closed for the week at 64,948.66, down 0.75%, and the NSE Nifty 50 settled at 19,310.15 points, down 0.93%. Meanwhile, here are eight stocks in which the brokerages recommend an upside of up to 55 percent:
Galaxy Surfactants Ltd
Galaxy Surfactants manufactures performance surfactants and specialty care products for home and personal care.
HDFC Securities has a buy rating on the stock with a target price of ₹ 3496.00. This represents an upside of 31.32 percent as compared to the company’s share price of ₹ 2,662.10.
G R Infraprojects Ltd
G R Infraprojects is an integrated road Engineering, Procurement, and Construction company (EPC) with experience in the design and construction of various road/highway projects in India.
ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 1621.00. This connotes an upside of 31.47 percent as compared to the company’s share price of ₹ 1233.00.
Tarsons Products Ltd
Tarsons Products designs, develops, manufactures, and markets consumables, reusables and other products including benchtop equipment, used in various laboratories across research organisations, academia institutes, pharmaceutical companies and so on.
Nuvama (Edelweiss) has a buy rating on the stock with a target price of ₹ 688.00. This signifies an upside of 33.18 percent as compared to the company’s share price of ₹ 516.60.
Archean Chemical Industries Ltd
Archean Chemical Industries is a leading speciality marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 750.00. This hints at an upside of 33.71 percent as compared to the company’s share price of ₹ 560.90.
KNR Constructions Ltd
KNR Constructions primarily constructs roads, bridges, flyovers and irrigation projects. HDFC Securities has a buy rating on the shares of KNR Construction with a target price of ₹ 329.00.
This translates to an upside of 34.42 percent as compared to the company’s share price of ₹ 244.75.
Crompton Greaves Consumer Electricals Ltd
Crompton Greaves Consumer Electricals is an independent company under professional management and has 2 business segments – Lighting and Electrical Consumer Durables.
HDFC Securities has a buy rating on the stock with a target price of ₹ 400.00. This implies an upside of 37.72 percent as compared to the company’s share price of ₹ 290.45.
Wonderla Holidays Ltd
Wonderla Holidays is engaged in the business of amusement parks and resorts. It has a presence in Bangalore, Hyderabad and Kochi. ICICI Securities has a buy rating on the stock with a target price of ₹ 904.00. This suggests an upside of 41.25 percent as compared to the company’s share price of ₹ 640.00.
Godrej Industries Ltd
Godrej Industries is a leading manufacturer of oleochemicals on a standalone basis. ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 764.00.
This indicates an upside of 54.81 percent as compared to the company’s share price of ₹ 493.50.
Written by Simran Bafna
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