Stock recommendations are expert advice guiding investors on whether to buy, sell, or hold specific stocks based on market analysis.
A buy recommendation suggests purchasing a stock expected to increase in value due to positive market factors.
Here are a few stocks recommended by analysts with a growth potential of up to 55 percent:
Gujarat Fluorochemicals Limited
This INOXGFL group company which is one of the global players in fluoropolymers, manufacturing refrigerants, chloromethane, PTFE, and specialty chemicals. It operates across five continents with facilities in Gujarat and subsidiaries in the Americas, Europe, and Asia.
With a market capitalization of Rs. 40,511.58 crore, the shares of Gujarat Fluorochemicals Limited were closed at Rs. 3,687.90 per equity share, down by 1.67 percent from its previous day’s close price of Rs. 3,750.70.
ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Gujarat Fluorochemicals Limited with a target price of Rs. 4,160 per share, indicating an upside potential of 12.80 percent.
Havells India Limited
Havells India is a leading FMEG company with a strong global presence, manufacturing electrical products for residential, commercial, and industrial use. It owns brands like Havells, Lloyd, and Crabtree, operating across 70 countries with a robust distribution network.
With a market capitalization of Rs. 96,674.42 crore, the shares of Havells India Limited were closed at Rs. 1,542 per equity share, up by around 1.29 percent from its previous day’s close price of Rs. 1,522.35.
ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Havells India Limited with a target price of Rs. 1,800 per share, indicating an upside potential of 16.73 percent.
Grasim Industries Limited
This Aditya Birla Group company, is a diversified conglomerate founded in 1947. It leads in viscose staple fibre, chemicals, cement, and financial services, with a strong global presence.
With a market capitalization of Rs. 1,61,365.25 crore, the shares of Grasim Industries Limited were closed at Rs. 2,371.50 per equity share, down by 0.89 percent from its previous day’s close price of Rs. 2,392.75.
Sharekhan, a prominent brokerage firm, has recommended a “Buy” call on Grasim Industries Limited with a target price of Rs. 2,800 per share, indicating an upside potential of 18.06 percent.
Federal Bank Limited
This Kerala-based private bank which aims to become India’s fifth-largest private sector bank within 3-5 years, focuses on organic and inorganic growth in sectors like microfinance, wealth management, and affordable housing, with a strong NRI remittance business.
With a market capitalization of Rs. 43,812.01 crores, the shares of Federal Bank Limited were closed at Rs. 178.50 per equity share, down by 1.41 percent from its previous day’s close price of Rs. 181.05.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Federal Bank Limited with a target price of Rs. 240 per share, indicating an upside potential of 34.45 percent.
CIE Automotive India Limited
CIE Automotive India is a multi-technology supplier of automotive components, offering forgings, castings, and more. It operates globally, serving OEMs and Tier 1 suppliers with facilities in India, Europe, and Mexico.
With a market capitalization of Rs. 15,130.87 crores, the shares of CIE Automotive India Limited were closed at Rs. 398.85 per equity share, down by 1.05 percent from its previous day’s close price of Rs. 403.10.
ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on CIE Automotive India Limited with a target price of Rs. 560 per share, indicating an upside potential of 40.40 percent.
Solar Industries India Limited
They are one of the leading global explosives company, manufacturing industrial explosives and defence products. It operates across India with 34 facilities and globally in over 65 countries, serving major mining and infrastructure companies worldwide.
With a market capitalization of Rs. 79,964.25 crore, the shares of Solar Industries India Limited were closed at Rs. 8,836.80 per equity share, down nearly by 0.32 percent from its previous day’s close price of Rs. 8,865.40.
ICICI Securities, a prominent brokerage firm, has recommended a “Buy” call on Solar Industries Limited with a target price of Rs. 13,720 per share, indicating an upside potential of 55.25 percent.
Written By – Santhosh S
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