Indian benchmark indices Sensex and Nifty ended Friday’s trading session slightly higher. At close, the BSE Sensex was at 81,086.21, up by 33.02 points, or 0.04 percent, while the Nifty 50 was at 24,823.15, up marginally by 11.65 points, or 0.05 percent.
Listed below are six stocks in which the brokerages have recommended an upside of up to 50%:
DCM Shriram Ltd
With a market capitalization of Rs. 18,324 crores, the shares of the diversified company started Friday’s trading session on a flatter note at Rs. 1,163 compared to its previous close of Rs. 1,162.70. During the trading session, the shares hit a high of Rs. 1,180.60, gaining around 2 percent and closed the day at Rs. 1,177 apiece.
Analysts at Trade Brains, have given a ‘Buy’ target on the company’s stock with a target of Rs. 1,483 indicating a potential upside movement of around 26 percent compared to its current market price.
Zomato Ltd
With a market capitalization of Rs. 2,32,198 crores, the shares of the food delivery company started Friday’s trading session on a higher note at Rs. 260.41 compared to its previous close of Rs. 257.96. During the trading session, the shares hit a high of Rs. 269.90, gaining around 3 percent and closed the day at Rs. 262 apiece.
Jefferies, one of the international brokerage firms, has given a buy call on Zomato with a target price of Rs 335, indicating a potential upside movement of around 28 percent compared to its current market price.
Tata Consultancy Services Ltd
With a market capitalization of Rs. 16,13,993 crores, the shares of Tata Group company started Friday’s trading session on a flatter note at Rs. 4,500 compared to its previous close of Rs. 4,502. During the trading session, the shares hit a low of Rs. 4,455, losing around 1 percent and closed the day at Rs. 4,463 apiece.
International brokerage firm Macquarie has raised its price target on the stock to Rs. 5,740 from Rs. 4,750 representing a potential upside of nearly 29 percent from its current market price.
With a market capitalization of Rs. 997 crores, the shares of the hospitality company started Friday’s trading session on a higher note at Rs. 371.40 compared to its previous close of Rs. 369.75. During the trading session, the shares hit a low of Rs. 361.25, losing around 2 percent and closed the day at Rs. 362 apiece.
Edelweiss one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 477 indicating a potential upside movement of around 31 percent compared to its current market price.
Dynamatic Technologies Ltd
With a market capitalization of Rs. 5,071 crores, the shares of the diversified manufacturing company started Friday’s trading session on a higher note at Rs. 7,507.20 compared to its previous close of Rs. 7,492.25. During the trading session, the shares hit a low of Rs. 7466.35, losing around 1 percent and closed the day at Rs. 7,498 apiece.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 10,250 indicating a potential upside movement of around 37 percent compared to its current market price.
Shyam Metalics & Energy Ltd
With a market capitalization of Rs. 22,589 crores, the shares of the steel manufacturing company started Friday’s trading session on a higher note at Rs. 818 compared to its previous close of Rs. 810.20. During the trading session the shares hit a low of Rs. 801, losing around 1 percent and closed the day at Rs. 804 apiece.
UBS, one of the international brokerage firms, has given a buy call on Shyam Metalics with a target price of Rs 1,200, indicating a potential upside movement of around 50 percent compared to its current market price.
Written By Vaibhav Patil
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