The Benchmark Indices concluded Wednesday’s trading session positively, with the Sensex rising marginally by 73.8 points, or nearly 0.09 percent, ending the day at 81,785.56.
Meanwhile, the Nifty 50 index increased by about 34.6 points, equivalent to a gain of nearly 0.14 percent, and closed in the green at 25,052.35.
Over the previous five trading sessions, the Nifty 50 index moved up by 1.14 percent, while the Sensex witnessed a rise of around 1.09 percent.
Following are the five stocks for which brokerages recommended an upside of up to 50 percent:
Kaynes Technology India Limited
With a market capitalisation of Rs. 31,182.7 crores, the shares of a global leader in electronic system design and manufacturing solutions moved up by nearly 0.6 percent on BSE to Rs. 5,032.55 on Wednesday.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Kaynes Technology, setting a target price of Rs. 6,000 per share, indicating a potential upside of nearly 23 percent from Wednesday’s closing price of Rs. 4,878.55.
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Kaynes Technology India Limited is primarily engaged in the design and manufacturing of advanced electronic modules and solutions catering to a wide range of industries.
Aether Industries Limited
With a market capitalisation of Rs. 11,691 crores, the shares of a specialty chemicals manufacturer moved up by nearly 0.7 percent on BSE to Rs. 897.95 on Wednesday.
The analysts of brokerage firm HDFC Securities have issued a ‘buy’ rating for Aether Industries, setting a target price of Rs. 1,117 per share, indicating a potential upside of nearly 27 percent from Wednesday’s closing price of Rs. 882.
Incorporated in 2013, Aether Industries Limited is a speciality chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies. It is also a leading CRAMS (Contract Research and Manufacturing Services) provider.
Yatharth Hospital & Trauma Care Services Limited
With a market capitalisation of Rs. 4,528.6 crores, the shares of one of the leading private super specialty hospitals in the Northern part of India moved up by nearly 1.01 percent on BSE to Rs. 543.9 on Wednesday.
The analysts of brokerage firm Ambit Capital have issued a ‘buy’ rating for Yatharth Hospital, setting a target price of Rs. 680 per share, indicating a potential upside of nearly 29 percent from Wednesday’s closing price of Rs. 527.5.
Incorporated in 2008, Yatharth Hospital & Trauma Care Services Limited is engaged in the business of providing healthcare services, operating hospitals and other allied services.
KEI Industries Limited
With a market capitalisation of Rs. 41,114 crores, the shares of a company engaged in manufacturing of wires and cables moved up by nearly 1.1 percent on BSE to Rs. 4,595.95 on Wednesday.
The analysts of brokerage firm UBS have issued a ‘buy’ rating for KEI Industries, setting a target price of Rs. 6,150 per share, indicating a potential upside of nearly 35 percent from Wednesday’s closing price of Rs. 4,556.
KEI Industries Limited is primarily engaged in three major segments: cables & wires, EPC (Engineering, Procurement and Construction) projects and stainless steel wire.
DCX Systems Limited
With a market capitalisation of Rs. 3,865 crores, the shares of one of the leading Indian Defence manufacturing players hit a 5% upper circuit on BSE to Rs. 347 on Wednesday.
The analysts of brokerage firm Deven Choksey Research have issued a ‘buy’ rating for DCX Systems, setting a target price of Rs. 519 per share, indicating a potential upside of nearly 50 percent from Wednesday’s closing price of Rs. 347.
Incorporated in 2011, DCX Systems Limited, formerly known as DCX Cable Assemblies Pvt. Ltd., is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies and is also involved in kitting.
Written by Shivani Singh
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