The Indian benchmark index Sensex closed at 77,580.31 on Thursday, marking a 2.49 percent decline for the week, down from its opening of 79,562.2—a drop of about 1,981.89 points. Similarly, the Nifty 50 index ended the week at 23,532.70, reflecting a weekly loss of approximately 565.35 points.
Here are 6 stocks to buy for an upside of 61 percent according to analysts:
S Chand and Company Ltd
With a market capitalization of Rs.691 crore, S Chand and Company Ltd, engaged in publishing educational books, saw its shares close at Rs.199.90 each on Thursday, falling 0.5 percent from the previous close.
Motilal Oswal has recommended a “Buy” call on S Chand and Company Ltd with a target price of Rs.322 per share, indicating an upside potential of 61 percent.
Sunteck Realty Ltd
With a market capitalization of Rs.7,223 crore, Sunteck Realty Ltd, a Mumbai-based real estate developer, saw its shares close at Rs.494.50 on Thursday, reflecting a 0.012 percent increase from the previous close.
Prabhudas Lilladher has recommended a “Buy” call on Sunteck Realty Ltd with a target price of Rs.670 per share, for an upside potential of over 35 percent.
Life Insurance Corporation of India
With a market capitalization of Rs.5.74 lakh crore, Life Insurance Corporation of India, the largest insurance provider company in India, saw its shares close at Rs.907.55 each on Thursday, rising 1.2 percent from the previous close.
Motilal Oswal has recommended a “Buy” call on LIC India with a target price of Rs.1,200 per share, for an upside potential of 32 percent.
Gokaldas Exports Ltd
With a market capitalization of Rs.6,003 crore, Gokaldas Exports Ltd, dealing in a broad range of apparel products, saw its shares close at Rs.847.00 each on Thursday, reflecting an increase of 1.1 percent from the previous close.
ShareKhan has recommended a “Buy” call on Gokaldas Exports Ltd with a target price of Rs.1,140 per share, for an upside potential of 34 percent.
Campus Activewear Ltd
With a market capitalization of Rs.6,003 crore, Campus Activewear Ltd, one of India’s largest sports and athleisure footwear brands, saw its shares close at Rs.275.00 each on Thursday, falling 1 percent from the previous close.
Motilal Oswal has recommended a “Buy” call on Campus Activewear Ltd with a target price of Rs.360 per share, for an upside potential of 31 percent.
Archean Chemical Industries Ltd
With a market capitalization of Rs.8,391 crore, Archean Chemical Industries Ltd, India’s largest exporter of bromine and industrial salt, saw its shares close at Rs.678.00 each on Thursday, reflecting an increase of 1.1 percent from the previous close.
KR Choksey has recommended a “Buy” call on Archean Chemical Industries Ltd with a target price of Rs.890 per share, for an upside potential of 31 percent.
Written by – Siddesh S Raskar
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