We believe that value buying is the theme of 2023, with a focus on domestically oriented sectors and buying on dips. Fair valuation, steady earnings, and a robust demand scenario will be the cutting parameters.” Geojit Financial services
“The trend for the short term is likely to remain bullish as long as it remains above 17,800 on a closing basis. On the higher end, resistance is visible at 18,350.” LKP Securities
Here are six stocks to watch out for in the next year for an upside of upto 57%:
NESCO Limited
ICICI Direct has a ‘Buy’ call on the real estate company with a target price of Rs 800 per share which represents an upside of 31% from the current levels of Rs 611.
VRL Logistics Limited
Motilal Oswal has a ‘Buy’ call on the transportation and logistics company with a target price of Rs 730 per share which represents an upside of 35% from the current levels of Rs 539.
Vardhman Textiles Limited
Emkay Global has a ‘Buy’ call on the fabric manufacturing company with a target price of Rs 455 per share which represents an upside of 38% from the current levels of Rs 329.
Techno Electric & Engineering Company Limited
ICICI Securities Limited has a ‘Buy’ call on the Indian power-infrastructure company with a target price of Rs 490 per share which represents an upside of 47% from the current levels of Rs 333.
Nitin Spinners Limited
Emkay Global has a ‘Buy’ call on the Indian textile company with a target price of Rs 310 per share which represents an upside of 52% from the current levels of Rs 204.
Gokaldas Exports Limited
Emkay Global has a ‘Buy’ call on the Indian manufacturer and exporter of apparel with a target price of Rs 575 per share which represents an upside of 57% from the current levels of Rs 366.
Written by Anoushka Roy
