Indian markets have witnessed a massive correction due to increasing inflation, interest rate hikes and FII pulling out their investments. The Nifty 50 has corrected 12.45 % since April 2022 and is currently trading at 15,474.00 points. In a relatively weak market, here are some stock recommendations with an upside of up to 82%.
CCL Products (India) Ltd
Axis Securities has a buy rating on the shares of CCL Products (India) Ltd.
- CMP: ₹ 350.00
- Target: ₹ 560.00
- Upside: 60 %
- Duration: 18-24 months
Praj Industries Ltd
Axis Securities has a buy rating on the shares of Praj Industries Ltd.
- CMP: ₹ 336.50
- Target: ₹ 477.00
- Upside: 41.75 %
- Duration: 18-24 months
Psp Projects Ltd
Axis Securities has a buy rating on the shares of Psp Projects Ltd.
- CMP: ₹ 495.00
- Target: ₹ 665.00
- Upside: 34.34 %
- Duration: 12-18 months
JK Cement Ltd
ICICI Securities has a buy rating on the shares of JK Cement Ltd.
- CMP: ₹ 2,100.00
- Target: ₹ 3,170.00
- Upside: 50.95 %
- Duration: 12 months
Tata Communications Ltd
ICICI Securities has a buy rating on the shares of Tata Communications Ltd.
- CMP: ₹ 875.90
- Target: ₹ 1,600.00
- Upside: 82.67 %
- Duration: 12 months
State Bank of India
ICICI Securities has a buy rating on the shares of the State Bank of India.
- CMP: ₹ 446.65
- Target: ₹ 673.00
- Upside: 50.67 %
- Duration: 12 months
Written By: Aaron Vas
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