The Indian Benchmark Indices closed in Red on Friday with the Sensex losing around 1017.23 points ending the week at 81,183.93 and the Nifty 50 index losing around 292.95 points ending the week at 24,852.15.
In the last five trading sessions, the Sensex declined by approximately 1.69 percent or 1,393 points, while the Nifty 50 index lost around 1.79 percent or 453.70 points. Listed below are six stocks that one should add to their watchlist for a potential upside of up to 40 percent
Kaynes Technology India
With a market capitalization of Rs. 30,031Crores, the shares of Kaynes Technology India Limited an end-to-end and Internet of Things (IoT) solutions-enabled integrated electronics manufacturer closed at Rs. 4,698 per share down 1.5 percent from its previous day’s close price of Rs. 4,769.90.
Motilal Oswal has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 6,000, indicating a potential upside of approximately 28 percent from the market close price as above.
Awfis Space Solutions
With a market capitalization of Rs. 5,366 Crores, the shares of Awfis Space Solutions Limited engaged in providing a wide spectrum of flexible workspace solutions ranging from individual flexible desk needs to customized office spaces closed at Rs. 773 per share down 4.59 percent from its previous day’s close price of Rs. 810.15.
Edelweiss has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1013, indicating a potential upside of approximately 31 percent from the market close price as above.
Signatureglobal (India)
With a market capitalization of Rs. 20,204 Crores, the shares of Sigantureglobal (India) Limited engaged in real estate development closed at Rs. 1,438 per share down 1.91 percent from its previous day’s close price of Rs. 1,465.90.
ICICI Securities has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1905, indicating a potential upside of approximately 33 percent from the market close price as above.
NMDC
With a market capitalization of Rs. 61,792 Crores, the shares of NMDC Limited involved in the exploration of a range of minerals like copper, rock phosphate, limestone, magnesite, diamond, tungsten, and many more closed at Rs. 210.85 per share down 0.87 percent from its previous day’s close price of Rs. 212.70.
Motilal Oswal has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 280, indicating a potential upside of approximately 33 percent from the market close price as above.
Birla Corporation
With a market capitalization of Rs. 10,289 Crores, the shares of Birla Corporation Limited engaged in the manufacturing of cement and related products closed at Rs. 1,336.20 per share down 1.27 percent from its previous day’s close price of Rs. 1,353.45.
Motilal Oswal has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1850, indicating a potential upside of approximately 39 percent from the market close price as above.
Written by: Bharath K.S
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