Indian markets closed lower today. Nifty closed below 23,100 and Sensex closed at 76,190. From the day’s highs, Sensex fell by 329 points, while Nifty fell around 113 points.
Here are the stocks with an upside potential of up to 45 %
Indus Tower Ltd
Indus Tower is one of the largest tower infrastructure providers in India, offering telecom tower services. It operates more than 200,000 telecom towers across the country. The company is a joint venture between Bharti Infratel, Vodafone India, and Idea Cellular.
With a market capitalization of Rs. 99,011 crore, the shares were closed at Rs 367.95 per share, increased by around 0.37 percent as compared to the previous closing price.
International Brokerage Citi Research, gave a ‘Buy’ call on the Telecomm stock with a target price of Rs 485 apiece, indicating a potential upside of 32 percent from Friday’s closed price of Rs 367.95 per share.
Oberoi Reality Ltd
Oberoi Realty is a leading real estate developer, known for residential, commercial, and retail properties. They are renowned for its high-end residential projects and mixed-use developments. It focuses on the premium and luxury segment of the real estate market.
With a market capitalization of Rs 66,228 crore, the shares were closed at Rs 1,756.75 per share, which fell by around 3.58 percent as compared to the previous closing price.
Axis Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the Infra stock with a target price of Rs 2,560 apiece, indicating a potential upside of 45 percent from Friday’s closed price of Rs 1,756.75 per share.
Supreme Industries Ltd
Supreme Industries is a leading manufacturer of plastic products in India, with a diverse product range across sectors like packaging, automotive, and infrastructure. It is one of the largest producers of plastic pipes and fittings in India.
With a market capitalization of Rs 50,421 crore, the shares were closed at Rs 3,803.2 per share, which fell by around 4.14 percent as compared to the previous closing price.
IDBI Capital, one of the well-known brokerages in India, gave a ‘Buy’ call on the Plastic products manufacturing stock with a target price of Rs 4,820 apiece, indicating a potential upside of 27 percent from Friday’s closed price of Rs 3803.2 per share.
Indostar Capital Ltd
Indostar Capital is a non-banking financial company (NBFC) that provides financing solutions to corporate clients, including loans for vehicles and infrastructure. It primarily serves the small and medium-sized enterprise (SME) sector in India.
With a market capitalization of Rs 3,551.9 crore, the shares were closed at Rs 254.85 per share, which fell by around 2.5 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the Finance stock with a target price of Rs 325 apiece, indicating a potential upside of 28 percent from Friday’s closed price of Rs 254.85 per share.
L&T Finance Ltd
L&T Finance is a subsidiary of Larsen & Toubro, providing financial services in sectors such as retail, corporate finance, and infrastructure. The company offers a wide range of products, including loans for housing, automobiles, and agriculture.
With a market capitalization of Rs 34,865 crore, the shares were closed at Rs 139.68 per share, which fell by around 0.18 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the Finance stock with a target price of Rs 180 apiece, indicating a potential upside of 29 percent from Friday’s closed price of Rs 139.68 per share.
HDFC Bank Ltd
HDFC Bank is one of India’s largest private-sector banks, offering a wide range of banking products and services, including retail, wholesale, and treasury operations. The bank is known for its strong digital banking presence and customer-centric approach.
With a market capitalization of Rs 12,73,291 crore, the shares were closed at Rs 1,649.8 per share, which fell by around 0.19 percent as compared to the previous closing price.
Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the Finance stock with a target price of Rs 2,100 apiece, indicating a potential upside of 27 percent from Friday’s closed price of Rs 1,649.8 per share.
Written by Sridhar J
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