The Benchmark Indices concluded Friday’s trading session positively, with the Sensex rising by 819.69 points, or nearly 1.04 percent, ending the day at 79,705.91.
Meanwhile, the Nifty50 index increased by about 250.5 points, equivalent to a gain of nearly 1.04 percent, and closed in the green at 24,367.5.
Over the previous five trading sessions, the Nifty 50 index moved down by 1.4 percent, while the Sensex has witnessed a decline of around 1.6 percent.
Following are the five stocks for which brokerages recommended an upside of up to 36 percent:
Man Infraconstruction Limited
With a market capitalisation of Rs. 6,975.8 crore, the shares of one of the leading construction and real estate development companies moved up by nearly 4.5 percent on BSE to Rs. 190.95 on Friday.
The analysts of brokerage firm Axis Securities have issued a ‘buy’ rating for Man Infraconstruction, setting a target price of Rs. 240 per share, indicating a potential upside of nearly 28 percent from Friday’s closing price of Rs. 187.9.
Man Infraconstruction Limited is an integrated EPC (Engineering, Procurement & Construction) company and has two business verticals: construction and real estate development, with experience and execution capabilities in port, residential, commercial & industrial and road construction segments.
Oil and Natural Gas Corporation Limited
With a market capitalisation of Rs. 4.18 lakh crore, the shares of the largest crude oil and natural gas company in India moved up by nearly 4.1 percent on BSE to Rs. 335.75 on Friday.
The analysts of global brokerage firm Morgan Stanley have issued an ‘overweight’ rating for ONGC, setting a target price of Rs. 430 per share, indicating a potential upside of nearly 30 percent from Friday’s closing price of Rs. 332.6.
Oil and Natural Gas Corporation Limited is engaged in the business of exploration, development and production of crude oil, natural gas and value-added products.
IndusInd Bank Limited
With a market capitalisation of Rs. 1.05 lakh crore, the stock moved up by nearly 1.5 percent on BSE to Rs. 1,368.65 on Friday.
The analysts of global brokerage firm Morgan Stanley have issued an ‘overweight’ rating for IndusInd Bank, setting a target price of Rs. 1,780 per share, indicating a potential upside of nearly 32 percent from Friday’s closing price of Rs. 1,350.2.
Incorporated in 1994, IndusInd Bank Limited is an RBI-registered commercial bank engaged in providing a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations.
IIFL Finance Limited
With a market capitalisation of Rs. 17,922 crores, the shares of one of the leading players in the Indian financial services space moved up by nearly 1.8 percent on BSE to Rs. 437.5 on Friday.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for IIFL Finance, setting a target price of Rs. 560 per share, indicating a potential upside of nearly 33 percent from Friday’s closing price of Rs. 422.5.
IIFL Finance Limited is an RBI-registered Systemically Important Non-Banking Financial Company not accepting public deposits (NBFC-ND-SI), and offers a wide range of financial products such as gold loans, loans to Micro, small & medium enterprises (MSMEs), loans against securities and digital finance loans.
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Brigade Enterprises Limited
With a market capitalisation of Rs. 26,019 crores, the shares of one of India’s leading property developers moved up by nearly 2 percent on BSE to Rs. 1,182.7 on Friday.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Brigade Enterprises, setting a target price of Rs. 1,525 per share, indicating a potential upside of nearly 36 percent from Friday’s closing price of Rs. 1,125.7.
Established in 1986, Brigade Enterprises Limited, one of India’s leading property developers, is involved in the business of real estate development, leasing and related services.
Written by Shivani Singh
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