The domestic equity indices ended with significant losses on Friday’s trading session, amid fears that Israel is planning a significant retaliation following Iran’s missile attacks, widening the scope of the Middle East war.
At close, the BSE Sensex tumbled 808.65 points or 0.98 percent to 81,688.45, while the Nifty 50 index dropped 235.50 points or 0.93 percent to 25,014.60.
Listed below are the stocks in which the brokerages have recommended an upside of up to 37%:
KPIT Technologies Ltd
With a market capitalization of Rs. 46,138 crores, the shares of the global technology company started Friday’s trading session on a flatter note at Rs. 1,674.10 compared to its previous close of Rs. 1,676.05. During the trading session, the shares hit a high of Rs. 1,6997.40 apiece and closed the day at Rs. 1,691 apiece.
JPMorgan, an international brokerage firm, has upgraded its rating from ‘neutral’ to ‘overweight’ and raised its target price to Rs. 2,000. This new target suggests a potential upside of approximately 20 percent relative to the stock’s current market price.
Hero MotoCorp Ltd
With a market capitalization of Rs. 1,10,266 crores, the shares of the motorcycle manufacturing company started Friday’s trading session on a lower note at Rs. 5,647.05 compared to its previous close of Rs. 5,662.75.
During the trading session, the shares hit a low of Rs. 5,484, losing around 3 percent and closed the day at Rs. 5,520 apiece.
Analysts at Trade Brains, have given a ‘Buy’ target on the company’s stock with a target of Rs. 6,700 indicating a potential upside movement of around 21 percent compared to its current market price.
State Bank of India
With a market capitalization of Rs. 7,10,935 crores, the shares of PSU bank started Fridat’s trading session on a flatter note at Rs. 792 compared to its previous close of Rs. 794.10. During the trading session, the shares hit a high of Rs. 809.85, gaining around 2 percent and closed the day at Rs. 796 apiece.
JP Morgan has maintained an ‘overweight’ rating on State Bank of India (SBI) shares with a target of Rs 1,000, indicating a potential upside movement of around 26 percent compared to its current market price.
Skipper Ltd
With a market capitalization of Rs. 5,283 crores, the shares of Transmission & Distribution Structures manufacturing company started Friday’s trading session on a flatter note at Rs. 479 compared to its previous close of Rs. 476.80.
During the trading session, the shares hit a high of Rs. 488, gaining around 1 percent and closed the day at Rs. 483 apiece.
Axis Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 600 indicating a potential upside movement of around 24 percent compared to its current market price.
V2 Retail Ltd
With a market capitalization of Rs. 4,718 crores, the shares of the prominent retail company started Friday’s trading session on a higher note at Rs. 1,390 compared to its previous close of Rs. 1,377.55.
During the trading session, the shares hit a high of Rs. 1,430, gaining around 1 percent, also recorded as the company’s fresh 52-week high and closed the day at Rs. 1,369 apiece.
Edelweiss one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 1,754 indicating a potential upside movement of around 28 percent compared to its current market price.
Adani Energy Solutions Ltd
With a market capitalization of Rs. 1,15,738 crores, the shares of the Power Transmission Solution company started Friday’s trading session on a flatter note at Rs. 1,016 compared to its previous close of Rs. 1,015.85.
During the trading session, the shares hit a low of Rs. 955, losing around 5 percent and closed the day at Rs. 962 apiece.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 1,318 indicating a potential upside movement of around 37 percent compared to its current market price.
Written By Vaibhav Patil
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