The benchmark equity indices ended Friday’s trading session on a positive note. The NSE Nifty 50 gained 83.95 points or 0.33 percent to settle at 25,235.90, while the BSE Sensex soared 231.17 points or 0.28 percent to 82,365.78.
Listed below are six stocks in which the brokerages have recommended an upside of up to 37%:
Reliance Industries Ltd
With a market capitalization of Rs. 20,45,306 crores, the shares of the diversified conglomerate started Friday’s trading session on a higher note at Rs. 3,068 compared to its previous close of Rs. 3,041.85.
During the trading session, the shares hit a low of Rs. 3,006.65, losing around 1 percent and closed the day at Rs. 3,019 apiece.
Nomura, one of the international brokerage firms, has maintained a buy rating on Reliance Industries with a target price of Rs. 3,600 indicating a potential upside movement of around 20 percent compared to its current market price.
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Hindustan Petroleum Corporation Ltd
With a market capitalization of Rs. 89,124 crores, the shares of PSU company started Friday’s trading session on a higher note at Rs. 421.40 compared to its previous close of Rs. 415.85.
During the trading session, the shares hit a high of Rs. 425.25, gaining around 2 percent and closed the day at Rs. 419 apiece.
Morgan Stanley, one of the international brokerage firms, has given a buy call on Hindustan Petroleum Corporation with a target price of Rs 506, indicating a potential upside movement of around 21 percent compared to its current market price.
Arvind Fashions Ltd
With a market capitalization of Rs. 7,099 crores, the shares of the leading Indian fashion company started Friday’s trading session on a flatter note at Rs. 542.80 compared to its previous close of Rs. 540.25.
During the trading session, the shares hit a low of Rs. 530.10, losing around 2 percent and closed the day at Rs. 532 apiece.
Anand Rathi, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 689 indicating a potential upside movement of around 30 percent compared to its current market price.
Sterling & Wilson Renewable Energy Ltd
With a market capitalization of Rs. 15,629 crores, the shares of the solar engineering company started Friday’s trading session on a higher note at Rs. 665.95 compared to its previous close of Rs. 662.65.
During the trading session, the shares hit a high of Rs. 677.05, gaining around 2 percent and closed the day at Rs. 673 apiece.
Anand Rathi, one of the well-known brokerage firms has initiated coverage on Sterling and Wilson Renewable Energy Ltd with a “buy” rating, raising the target price from Rs 670 to Rs 870 per share indicating a potential upside movement of around 30 percent compared to its current market price.
Sona BLW Precision Forgings Ltd
With a market capitalization of Rs. 40,071 crores, the shares of the auto ancillary company started Friday’s trading session on a higher note at Rs. 691.95 compared to its previous close of Rs. 689.15.
During the trading session, the shares hit a low of Rs. 678, losing around 1 percent and closed the day at Rs. 683 apiece.
Analyst at Trade Brains, have given a ‘Buy’ target on the company’s stock with a target of Rs. 920 indicating a potential upside movement of around 34 percent compared to its current market price.
Mahanagar Gas Ltd
With a market capitalization of Rs. 17,721 crores, the shares of the natural gas distribution company started Friday’s trading session on a higher note at Rs. 1,796.20 compared to its previous close of Rs. 1,778.40.
During the trading session, the shares hit a high of Rs. 1,838, gaining around 2 percent and closed the day at Rs. 1,792 apiece.
Analyst at Trade Brains, have given a ‘Buy’ target on the company’s stock with a target of Rs. 2,450 indicating a potential upside movement of around 37 percent compared to its current market price.
Written By Vaibhav Patil
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