The Benchmark Indices closed in the green on Friday, with the Sensex gaining 376.26 points or 0.52 percent, ending the week at 72,426.64, and the Nifty 50 index gaining 129.95 points or 0.59 percent, ending the week at 22,040.70.
In the last five trading sessions, the Sensex gained around 1.16 percent and the Nifty 50 index increased by 1.2 percent.
Listed below are nine stocks in which the brokerages recommended an upside of up to 108%:
Bharat Petroleum Corporation Ltd
Bharat Petroleum Corporation is a public sector company which is engaged in the business of refining of crude oil and marketing of petroleum products.
Jefferies gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 890 indicating a potential upside of around 36 percent compared to the current stock prices prevailing in the market.
Gujarat State Petronet Ltd
Gujarat State Petronet Limited is a Public Limited Company, that is primarily engaged in the transmission of Natural gas through pipelines. Further, it is engaged in business of implementing and operating City Gas Distribution and generation of electricity through windmills.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 450 indicating a potential upside of 19 percent compared to its share price of Rs 378 per share.
Gujarat Gas Ltd
Gujarat Gas Limited (GGL) is engaged in the business of Natural gas in India. The business of natural gas involves the distribution of gas from sources of supply to centers of demand and to end customers.
GGL caters to its customers by providing CNG and PNG connections in domestic, Industrial, Commercial and Non commercial segments in the areas of South & Central Gujarat and Saurashtra
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 675 indicating a potential upside of 24 percent compared to its share price of Rs 545 per share.
Bajaj Finance Ltd
Bajaj Finance Limited is engaged in the business of lending for retail, SME, and commercial customers with a significant presence in urban and rural India.
Anand Rathi gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 9,650 indicating a potential upside of 46 percent compared to its share price of Rs 6,621 per share.
Spandana Sphoorty Financial Ltd
Spandana Sphoorty Financial is primarily engaged in the business of micro finance providing small value unsecured loans to low-income customers in semi-urban and rural areas.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,400 indicating a potential upside of 41percent compared to its share price of Rs 992 per share.
Galaxy Surfactants Ltd
Galaxy Surfactants Ltd is a leading manufacturer of Performance Surfactants and Specialty Care products with over 205 product grades. These products are used in consumer-centric Home and Personal care products like hair care, oral care, skin care, cosmetics, soap, shampoo, lotion, detergent, cleaning products, etc. Preferred suppliers to leading MNCs, Regional and Local FMCG brands.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 3,760 indicating a potential upside of 47 percent compared to its share price of Rs 2,547 per share.
DCB Bank Ltd
DCB Bank’s business segments are Retail, micro-SME, SME, mid-Corporate, Agriculture, Commodities, Government, Public Sector, Indian Banks, Co-operative Banks and Non-Banking Finance Companies (NBFC).
Anand Rathi gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 181 indicating a potential upside of 33 percent compared to its share price of Rs 136 per share.
Craftsman Automation Ltd
Craftsman Automation manufactures several components and sub-assemblies on a supply and job-work basis according to client specifications in the automotive, industrial, and engineering segments.
ICICI Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 5,728 indicating a potential upside of 33 percent compared to its share price of Rs 4,289 per share.
Bank of India
Bank of India is in the business of Treasury Operations, Wholesale Banking, and Retail Banking. And also it provides rural banking services, and loans to micro, small and medium enterprises.
Bofa Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 300 indicating a potential upside of around 108 percent compared to the current stock prices prevailing in the market.
Written by Omkar Chitnis
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