Benchmark indices ended higher for the second consecutive day. The Sensex was up 1,041.47 points or 1.87% and closed at 56,857.79, and the Nifty was up 287.80 points or 1.73% and ended at 16,929.60.
With the rising markets Here are some of the stocks that are recommended by the analysts for an upside of up to 60%.
Finolex Industries Limited
Edelweiss has a buy call on Finolex Industries Limited. It is a leading manufacturer of PVC Resin and the largest producer of PVC Pipes & Fittings in India.
- CMP: Rs 132
- Target: Rs 211
- Upside: 60%
Ujjivan Small Finance Bank Limited
HDFC Securities has a buy call on Ujjivan Small Finance Bank. It is an Indian small finance bank catering to financially unserved and underserved segments.
- CMP: Rs 19.10
- Target: Rs 29
- Upside: 53%
Persistent Systems Limited
HDFC Securities has a buy call on Persistent Systems Limited. It is an Indian multinational technology services company that provides software engineering and strategy services to help companies implement and modernize their businesses.
- CMP: Rs 3,504
- Target: Rs 5,090
- Upside: 45%
Axis Bank Limited
ICICI Securities Limited has a buy call on Axis Bank Limited. It is an Indian banking and financial services company that sells financial services to large and mid-size companies, SMEs, and retail businesses.
- CMP: Rs 725
- Target: Rs 1,050
- Upside: 45%
Supreme Industries Limited
HDFC Securities has a buy call on Supreme Industries Limited. It is one of the leading plastic products manufacturing companies in India.
- CMP: Rs 1,871
- Target: Rs 2,630
- Upside: 44%
Larsen & Toubro Limited
Prabhudas Lilladher has a buy call on Larsen & Toubro for 12 months.
- CMP: Rs 1,795
- Target: Rs 2,030
- Upside: 14%
Written by – Anoushka Roy
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