The Benchmark Indices closed in the green on Friday, with the Sensex experiencing a gain of 622 points or nearly 0.78 percent, ending the day at 80,519.34, and the Nifty 50 index closed in green by nearly 0.77 percent or 186.2 points higher, to close at 24,502.15.
The Nifty 50 index moved up by 0.73 percent over the previous five trading sessions, while the Sensex climbed by about 0.65 percent.
Following are the six stocks for which brokerages recommended an upside of up to 54 percent.
MedPlus Health Services Limited
With a market capitalisation of Rs. 8,045 crore, the stock moved up by 1.4 percent on BSE to hit an intraday high at Rs. 676 in the trading session of Friday, against its previous closing price of Rs. 666.75.
The analysts of brokerage firm HDFC Securities gave a ‘buy’ rating on MedPlus Health Services with a target price of Rs. 820 per share, representing a potential upside of nearly 22 percent from Friday’s closing price of Rs. 672.95.
MedPlus Health Services Limited is primarily engaged in retail trading of medicines and general items, wholesale cash and carry and pathological laboratory testing services, wholesale trading and manufacturing of pharmaceutical products, FMCG and beauty products.
HG Infra Engineering Limited
With a market capitalisation of Rs. 11,000.8 crore, the shares of a leading infrastructure development company moved up by 1.8 percent on BSE to hit an intraday high at Rs. 1,725.25 in the trading session of Friday, against its previous closing price of Rs. 1,694.9.
The analysts of brokerage firm Emkay Global gave a ‘buy’ rating on HG Infra Engineering with a target price of Rs. 2,100 per share, representing a potential upside of nearly 25 percent from Friday’s closing price of Rs. 1,688.
H.G. Infra Engineering Limited is engaged in the business of Engineering, Procurement and Construction (EPC), maintenance of roads, bridges, flyovers, railway networks and other infrastructure contract works.
Nuvoco Vistas Corporation Limited
With a market capitalisation of Rs. 12,729 crore, the shares of a leading building materials Company in India moved up by 1.4 percent on BSE to hit an intraday high at Rs. 360.15 in the trading session of Friday, against its previous closing price of Rs. 355.15.
The analysts of brokerage firm HDFC Securities gave a ‘buy’ rating on Nuvoco Vistas Corporation with a target price of Rs. 465 per share, representing a potential upside of nearly 31 percent from Friday’s closing price of Rs. 356.4.
Nuvoco Vistas Corporation Limited is principally engaged in the business of manufacturing and sale of cement and building material products. It offers a diversified business portfolio in three business segments: Cement, Ready-Mix Concrete (RMX), and Modern Building Materials (MBM).
Patanjali Foods Limited
With a market capitalisation of Rs. 57,611.5 crore, the shares of one of India’s top FMCG players in India moved up by 0.7 percent on BSE to hit an intraday high at Rs. 1,638.35 in the trading session of Friday, against its previous closing price of Rs. 1,627.35.
The analysts of brokerage firm Antique Stock Broking maintained a ‘buy’ rating on Patanjali Foods with a target price of Rs. 2,144 per share, representing a potential upside of nearly 35 percent from Friday’s closing price of Rs. 1,591.5.
Patanjali Foods Limited, formerly known as Ruchi Soya Industries Limited, is primarily engaged in the business of processing of oil-seeds, refining crude oil for edible use, production of oil meal, food products from soya and value-added products from downstream and upstream processing.
The Company is also engaged in the FMCG and Fast-Moving Health Goods (FMHG) business comprising mainly food, biscuits and nutraceutical products, along with the generation of power from wind energy and trading in various products.
Epigral Limited
With a market capitalisation of Rs. 6,066.3 crore, the shares of India’s leading integrated chemical manufacturer moved up by nearly 1.2 percent on BSE to hit an intraday high at Rs. 1,500.9 in the trading session of Friday, against its previous closing price of Rs. 1,483.85.
The analysts of brokerage firm Emkay Global initiated a ‘buy’ rating on Epigral with a target price of Rs. 2,000 per share, representing a potential upside of 37 percent from Friday’s closing price of Rs. 1,460.
Epigral Limited is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives, along with the trading of Agrochemical Products.
Tarc Limited
With a market capitalisation of Rs. 6,216.2 crore, the shares of the company engaged in the real estate industry moved up by 0.5 percent on BSE to hit an intraday high at Rs. 220.35 in the trading session of Friday, against its previous closing price of Rs. 219.2.
The analysts of brokerage firm Ambit Capital recommended a ‘buy’ rating on Tarc with a target price of Rs. 325 per share, representing a potential upside of nearly 54 percent from Friday’s closing price of Rs. 210.65.
TARC Limited, formerly known as Anant Raj Global Limited, is engaged in the business of construction and development of residential projects, commercial projects, township projects, malls etc. in the National Capital Region and also derives rental income from investment properties.
Written by Shivani Singh
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