The Benchmark Indices were in the green on Friday with Sensex gaining 123 points and closing at Rs 62,028 and Nifty 50, staying flat, gaining just 18 points and closing at Rs 18,315.
Listed below are 6 stocks to buy now for an upside of up to 65 percent:
Multi Commodity Exchange Of India Limited
Multi Commodity Exchange of India Ltd is an India-based company that provides a risk management platform for facilitating online trading, and clearing & settlement of commodity futures transactions, etc.
HDFC Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,720 indicating an upside of around 27 percent as compared to the existing price levels of Rs 1,357.
Ujjivan Small Finance Bank Limited
Ujjivan Small Finance Bank Ltd is a mass-market focused Bank catering to underserved and unserved categories. Its segments include Corporate/Wholesale Banking and Treasury. In addition, the company also provides non-credit offerings comprising Aadhaar enrolment services, ATM-cum-debit cards, etc.
ICICI Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 40 indicating an upside of around 29 percent as compared to the existing price levels of Rs 31.
Birla Corporation Limited
Birla Corporation Limited is a multi-product manufacturing company with operating segments including Cement, Jute, and others. The product portfolio includes Portland Pozzolana Cement, Ordinary Portland Cement, and Portland Slag Cement among others. The company generates a majority of its revenue from the ‘Cement’ segment.
HDFC Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 1,310 indicating an upside of around 31 percent as compared to the existing price levels of Rs 998.
Gujarat State Petronet Limited
Gujarat State Petronet Ltd is a Natural Gas Utility company based in India primarily involved in the provision of natural gas, liquefied natural gas, and compressed natural gas transmission services in Gujarat through its pipeline network.
ICICI Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 400 indicating an upside of around 39 percent as compared to the existing price levels of Rs 287.
Nuvoco Vistas Corporation Limited
Nuvoco Vistas Corporation Limited is a cement and concrete manufacturing company offering a diversified range of products such as ready-mix concrete, cement, and modern building materials. It generates maximum revenue from the ‘cement’ segment.
HDFC Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 475 indicating an upside of around 44 percent as compared to the existing price levels of Rs 330.
JM Financial Limited
JM Financial is an integrated financial services firm offering a wide range of services to financial institutions, retail investors, and high-net-worth individuals (HNIs). It specializes in providing services in the domain of institutional equity sales, trading, research & broking, asset reconstruction, etc.
ICICI Securities gave a ‘Buy’ recommendation on the stock with a target price of Rs 109 indicating an upside of around 65 percent as compared to the existing price levels of Rs 66.
Written by Amit Madnani
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