The Indian Benchmark Indices closed in Red on Friday with the Sensex losing around 885.60 points ending the week at 80,981.95 and the Nifty 50 index losing around 293.20 points ending the week at 24,717.70.
In the last five trading sessions, the Sensex declined by approximately 0.76 percent or 621.56 points, while the Nifty 50 index lost around 0.80 percent or 198.35 points.
Listed below are six stocks that one should add to their portfolio for a potential upside of up to 64 percent
With a market capitalization of Rs. 20,731 Crores, the shares of Firstsource Solutions Limited engaged in providing bespoke services and solutions to its customers across Banking and Financial Services, Healthcare, Communications, and other diverse industries closed at Rs. 297.45 per share down 1.16 percent from its previous day’s close price of Rs. 300.95.
ICICI Direct has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 360, indicating a potential upside of approximately 22 percent from the market close price as above.
With a market capitalization of Rs. 55,064 Crores, the shares of Aditya Birla Capital Limited a financial solutions group catering to diverse financial needs, closed at Rs. 211.60 per share down 3.86 percent from its previous day’s close price of Rs. 220.10.
Motilal Oswal has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 270, indicating a potential upside of approximately 28 percent from the market close price as above.
With a market capitalization of Rs. 2,31,664 Crores, the shares of Zomato Limited one of the leading online Food Service platforms connecting users, restaurant partners, and delivery partners by offering food delivery, dine-out services, advertising a restaurant, and many more, closed at Rs. 262.45 per share up 12 percent from its previous day’s close price of Rs. 234.10.
CLSA has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 350, indicating a potential upside of approximately 34 percent from the market close price as above.
With a market capitalization of Rs. 16,724 Crores, the shares of IndiaMART InterMESH Limited a B2B digital marketplace focused on integrating Small and Medium Businesses SMEs to make the online marketplace more accessible, visible, and engaging to them, closed at Rs. 2788 per share down 2.10 percent from its previous day’s close price of Rs. 2848.15.
Motilal Oswal has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 3800, indicating a potential upside of approximately 36 percent from the market close price as above.
With a market capitalization of Rs. 1,23,155 Crores, the shares of Macrotech Developers Limited primarily engaged in the business of real estate development closed at Rs. 1,237 per share down 2.74 percent from its previous day’s close price of Rs. 1,272.60.
Motilal Oswal has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 1770, indicating a potential upside of approximately 43 percent from the market close price as above.
With a market capitalization of Rs. 2,385 Crores, a leading microfinance institution engaged in offering a diversified portfolio of financial products closed at Rs. 215.90 per share down 1.98 percent from its previous day’s close price of Rs. 220.25.
JM Financial has given a ‘Buy’ recommendation on the company’s stock with a target price of Rs. 355, indicating a potential upside of approximately 64 percent from the market close price as above.
Written by: Bharath K.S
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