S&P BSE Sensex zoomed 303 points or 0.56% to settle at 54,481 while NSE Nifty 50 index ended at 16,220, gaining 87.70 points or 0.54% on the last trading day of the week. Here are some stocks for an upside of up to 118%.
Vedanta Ltd
JP Morgan has a buy call on Vedanta Ltd., a Leading metal and oil & gas company. Their zinc inventories have declined to multi-decade lows and it remains best positioned to play higher LME zinc prices.
- CMP: ₹225
- Target: ₹ 490
- Upside: 118%
Ramkrishna Forgings Ltd
Angel One brokering has a buy call on Ramkrishna Forgings (RKFL). It a leading forging player in India and among a select few having the heavy press, stands to benefit from a favourable demand outlook for the Medium & Heavy Commercial Vehicle (M&HCV) industry in domestic and other key geographies in the near term.
- CMP: ₹ 162.80
- Target: ₹ 256
- Upside: 58%
Tech Mahindra Ltd
Axis Securities has a buy call on Tech Mahindra. Tech Mahindra is a fortune 500 company. Its key Products/Revenue Segments include Software Services for the year ending 31-Mar-2021.
- CMP: ₹ 1,028
- Target: ₹ 1700
- Upside: 65%
AU Small Finance Bank Ltd
Angel One brokering has a buy call on AU Small Finance Bank. It is one of the leading small finance banks with a Total Loan Asset Under Management (AUM) of Rs 47,831 Crores at the end of Q4FY2022. It has a well-diversified geographical presence across India. AU has very high exposure to high-margin retail business, which accounted for 80% of AUM at the end of FY2022.
- CMP: ₹ 582.20
- Target: ₹ 848
- Upside: 46%
Jubilant Ingrevia Ltd
Angel One brokering has a buy call on Jubilant Ingrevia Ltd. The company has a vast array of products across its three divisions and is one of the top two producers of Pyridine – Beta and vitamin B3 globally.
- CMP: ₹ 492
- Target: ₹ 700
- Upside: 42%
Stove Kraft Ltd
Angel One brokering has a buy call on Stove Kraft. over the last two years, the company has outperformed Industry and its peers in the Pressure Cookers and Cookware segment. It is expected to grow on the back of new product launches, a firm brand name, and a vast distribution network.
- CMP: ₹ 574
- Target: ₹ 805
- Upside: 41%
Amber Enterprises India Ltd
Angel One brokering has a buy call on Amber Enterprises. It is the market leader in the room air conditioners (RAC) outsourced manufacturing space in India. It plans to increase revenues from components by increasing its exports.
- CMP: ₹ 2,387
- Target: ₹ 3850
- Upside: 62%
Written By – Anoushka Roy
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