The Benchmark Indices concluded Wednesday’s trading session positively, with the Sensex increasing marginally by 255.8 points, or nearly 0.3 percent, ending the day at 85,169.87.
Meanwhile, the Nifty 50 index increased by about 63.8 points, equivalent to a rise of nearly 0.25 percent, and closed in the green at 26,004.15.
Over the previous five trading sessions, the Nifty 50 index moved up by nearly 2.5 percent, while the Sensex witnessed a growth of around 2.7 percent.
Following are the six stocks for which brokerages recommended an upside of up to 46 percent:
S H Kelkar And Company Limited
With a market capitalisation of Rs. 4,300.7 crores, the shares of the largest Indian-origin fragrance and flavour company moved up by nearly 7.3 percent on BSE to hit a new 52-week high at Rs. 323.6 on Wednesday.
The analysts of brokerage firm Kotak Institutional Equities have issued a ‘buy’ rating for S H Kelkar & Company, setting a target price of Rs. 400 per share, indicating a potential upside of nearly 29 percent from Wednesday’s closing price of Rs. 310.7.
S H Kelkar and Company Limited is engaged in the business of manufacturing, supply and exports of fragrances and aroma ingredients.
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Bharat Heavy Electricals Limited
With a market capitalisation of Rs. 98,211.6 crores, the shares of an integrated power plant equipment manufacturer moved up by nearly 0.8 percent on BSE to Rs. 284.6 on Wednesday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for BHEL, setting a target price of Rs. 370 per share, indicating a potential upside of nearly 31 percent from Wednesday’s closing price of Rs. 282.05.
Bharat Heavy Electricals Limited (BHEL) is engaged in the design, engineering, manufacture, construction, testing, commissioning and servicing of a wide range of products and services for sectors including power, transmission, industry, transportation, renewable energy, water, oil & gas and defence & aerospace.
PVR INOX Limited
With a market capitalisation of Rs. 16,847.5 crores, the shares of India’s largest and most premium film exhibition company moved up by nearly 1.6 percent on BSE to Rs. 1,733 on Wednesday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for PVR INOX, setting a target price of Rs. 2,250 per share, indicating a potential upside of nearly 31 percent from Wednesday’s closing price of Rs. 1,715.75.
PVR INOX Limited is engaged in the business of movie exhibition, distribution & production and also earns revenue from in-house advertisement, sale of food & beverages, gaming and restaurant business.
Sun TV Network Limited
With a market capitalisation of Rs. 32,811.5 crores, the shares of a company primarily involved in television broadcasting moved up by nearly 1 percent on BSE to Rs. 836.6 on Wednesday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Sun TV Network, setting a target price of Rs. 1,140 per share, indicating a potential upside of nearly 37 percent from Wednesday’s closing price of Rs. 832.6.
Incorporated in 1985, Sun TV Network Limited is engaged in the business of producing and broadcasting satellite television and radio software programming in the regional languages.
Oil and Natural Gas Corporation Limited
With a market capitalisation of Rs. 3.75 lakh crores, the shares of the largest crude oil and natural gas company in India moved up by nearly 0.6 percent on BSE to Rs. 301.2 on Wednesday.
The analysts of global brokerage firm Morgan Stanley have issued a ‘buy’ rating for ONGC, setting a target price of Rs. 430 per share, indicating a potential upside of nearly 44 percent from Wednesday’s closing price of Rs. 298.55.
Oil and Natural Gas Corporation Limited (ONGC) is engaged in the business of exploration, development and production of crude oil, natural gas and value-added products.
Zee Entertainment Enterprises Limited
With a market capitalisation of Rs. 12,847 crores, the shares of a leading content company offering entertainment content moved up by nearly 7.5 percent on BSE to Rs. 136.85 on Wednesday.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Zee Entertainment, setting a target price of Rs. 195 per share, indicating a potential upside of nearly 46 percent from Wednesday’s closing price of Rs. 133.75.
Zee Entertainment Enterprises Limited is engaged in the business of media and entertainment.
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Written by Shivani Singh
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