“We expect sectors like Entertainment, QSR, Hotels, Travel & Tourism to see decline as the government has initiated various precautionary measures. However, any decline will be a good opportunity to gradually accumulate fundamentally quality stocks.” – Motilal Oswal Financial Services
Amid global volatility, here are 7 stocks to buy for an upside of up to 88%:
Devyani International Limited
Sharekhan is bullish on the Quick Service Restaurant (QSR) company which operates brands like KFC, Pizza Hut, and Costa Coffe, among others, and has a ‘Buy’ tag with a target price of Rs 231 per share which represents an upside of 32% from the current levels of Rs 175.
Wonderla Holidays Limited
Sharekhan has a ‘Buy’ call on the Largest Amusement Park company in India with a target price of Rs 425 per share, representing an upside of 34% from the current Rs 317.
Indraprastha Gas Limited
ICICI Securities has a ‘Buy’ call on the natural gas distribution company with a target price of Rs 540 per share, representing an upside of 34% from the current Rs 402.
Crompton Greaves Consumer Electricals Limited
LKP Securities has a ‘Buy’ call on the electrical equipment company with a target price of Rs 485 per share, representing an upside of 43% from the current Rs 340.
Stylam Industries Limited
Anand Rathi has a ‘Buy’ call on the interior and exterior designing products manufacturing company with a target price of Rs 1,653 per share, representing an upside of 60% from the current Rs 1,034.
Carysil Limited
Edelweiss has a ‘Buy’ call on the company which is the leading manufacturer of quartz sinks in the world with a target price of Rs 784 per share which represents an upside of 67% from the current levels of Rs 470.
Arvind Fashions Limited
Anand Rathi is bullish on the company that owns brands like Calvin Klein, Tommy Hilfiger, and others and has a buy call with a target of Rs 567 per share which represents an upside of 88% from the current levels of Rs 301.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
