Indian benchmark indices ended lower on October 1 with Nifty around 25,796.90. At close, the Sensex was down 33.49 points or 0.04 percent at 84,266.29, and the Nifty was down 13.95 points or 0.054 percent at 25,796.90.
Here are the five stocks with upside potential of up to 35%;
Man Infraconstruction Ltd
Man Infraconstruction Limited is engaged in the business of civil construction, project activities, and real estate development, including the construction of roads on a design-build-finance-operate-transfer (DBFOT) basis.
With a market capitalization of Rs 7,129.86 crore, the shares closed at Rs 192.05 per share, increasing around 1 percent as compared to the previous closing price.
Axis Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the Infra stock with a target price of Rs 240 apiece, indicating a potential upside of 25 percent from Tuesday’s closing price of Rs 192 per share.
Route Mobile Ltd
Route Mobile Limited is an India-based CPaaS provider offering messaging, voice, email, SMS filtering, analytics, and monetization solutions for enterprises, OTT players, and mobile network operators.
With a market capitalization of Rs 9,928.59 crore, the shares closed at Rs 1,576.90 per share, increased around 0.58 percent as compared to the previous closing price.
HDFC Securities, one of the well-known brokerages in India, gave a ‘Buy’ call on the telecom stock with a target price of Rs 2,100 apiece, indicating a potential upside of 33 percent from Tuesday’s closing price of Rs 1,576 per share.
Larsen & Toubro Ltd
Larsen & Toubro Limited is engaged in engineering, procurement, and construction (EPC) projects; hi-tech manufacturing; and services. Its segments include Infrastructure Projects, Energy Projects, Hi-Tech Manufacturing, IT & Technology Services, Financial Services, Development Projects, and Others.
With a market capitalization of Rs 5.01 lakh crore, the shares closed at Rs 3,646.55 per share, decreased around 0.79 percent as compared to the previous closing price.
Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the infra stock with a target price of Rs 4,550 apiece, indicating a potential upside of 24 percent from Tuesday’s closing price of Rs 3,645.75 per share.
Union Bank of India
Union Bank of India Ltd. is an India-based banking company. The Company’s segments include Treasury Operations, Corporate and Wholesale Banking, Retail Banking Operations, and Other Banking Operations.
With a market capitalization of Rs 93,129.99 crore, the shares closed at Rs 122.00 per share, decreased around 0.65 percent as compared to the previous closing price.
Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the bank stock with a target price of Rs 165 apiece, indicating a potential upside of 35 percent from Tuesday’s closing price of Rs 122 per share.
Kaynes Technology India Ltd
Kaynes Technology India Limited is an IoT-enabled electronics manufacturer offering design, engineering, manufacturing, and life cycle support for industries like automotive, industrial, and aerospace.
With a market capitalization of Rs 34,949.88 crore, the shares closed at Rs 5,460.00 per share, increased around 0.57 percent as compared to the previous closing price.
Morgan Stanley, one of the well-known brokerages in India, gave a ‘Buy’ call on the bank stock with a target price of Rs 6,652 apiece, indicating a potential upside of 22 percent from Tuesday’s closing price of Rs 5,460 per share.
Written by:- Abhishek Singh
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