The Benchmark Indices were trading in the red on Friday with the Sensex slipping 366 points and closing at Rs 65,322.65 and the Nifty 50 index slipping 115 points and closing at Rs 19,428.30.
Listed below are six stocks one should add to their watchlist for a potential upside of 36 percent:
Brigade Enterprises Limited
The shares of Brigade Enterprises Limited closed at Rs 592.95 on Friday, slipping about 0.80 percent as compared to the previous close of Rs 598 apiece. The company has a market capitalization of Rs 13,700 crores.
HDFC Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 739 indicating a potential upside of around 25 percent compared to the current prices prevailing in the market.
Brigade Enterprises Limited is a company that is associated with the business of developing properties. The operating segments of the company comprise Real Estate, Hospitality, and Leasing.
Birla Corporation Limited NSE: BIRLACORPN
The shares of Birla Corporation Limited closed at Rs 1,143.20 on Friday, slipping about 4.60 percent as compared to the previous close of Rs 1,198.25 apiece. The company has a market capitalization of Rs 8,800 crores.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,460 indicating a potential upside of around 28 percent compared to the current prices prevailing in the market.
Birla Corporation Limited is a multi-product manufacturing company with a wide range of operating segments including cement, jute, and many others.
Max Healthcare Institute Limited
The shares of Max Healthcare Institute Limited closed at Rs 529.85 on Friday, slipping about 1.30 percent as compared to the previous close of Rs 536.75 apiece. The company has a market capitalization of Rs 51,500 crores.
Nuvama gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 680 indicating a potential upside of around 28 percent compared to the current prices prevailing in the market.
Max Healthcare Institute Limited is a healthcare service provider entering into long-term service contracts with third-party healthcare providers pertaining to the provision of clinical, radiology, and pathology services.
Bajaj Consumer Care Limited
The shares of Bajaj Consumer Care Limited closed at Rs 230.05 on Friday, gaining about 1.20 percent as compared to the previous close of Rs 227.35 apiece. The company has a market capitalization of Rs 3,300 crores.
ICICI Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 300 indicating a potential upside of around 30 percent compared to the current prices prevailing in the market.
Bajaj Consumer Care Limited is a company based in India that is primarily engaged in the business of developing as well as distributing various skincare & haircare products.
Prestige Estates Projects Limited
The shares of Prestige Estates Projects Limited closed at Rs 557.65 on Friday, gaining about 0.20 percent as compared to the previous close of Rs 556.45 apiece. The company has a market capitalization of Rs 22,400 crores.
Motilal Oswal gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 750 indicating a potential upside of around 35 percent compared to the current prices prevailing in the market.
Prestige Estates Projects Limited is a real estate developer operating in the southern part of India. The company’s property portfolio comprises residential, retail, commercial, hospitality, and various other segments.
Aarti Industries Limited
The shares of Aarti Industries Limited closed at Rs 456.65 on Friday, slipping about 1 percent as compared to the previous close of Rs 461.15 apiece. The company has a market capitalization of Rs 16,600 crores.
HDFC Securities gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 619 indicating a potential upside of around 36 percent compared to the current prices prevailing in the market.
Aarti Industries Limited is involved in the business of manufacturing as well as selling chemicals & chemical-based products. The company has two broad segments such as “Specialty Chemical” and “Pharmaceuticals” segments.
Written by Amit Madnani
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