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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.

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  • 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.

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  • 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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The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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.

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