Equity markets in India saw a correction this week. Furthermore, the Q3FY22 earnings season has also failed to enthuse the markets. The Union Budget and the Fed Reserve meeting are two key events for the domestic equity markets next week. Kotak Securities Limited
As the markets sentiments remain volatile, here are 7 stocks recommended by analysts for an upside of up to 56%:
Teamlease Services Limited
HDFC Securities has a ‘Buy’ call on the largest organized staffing company in India with a target price of Rs 2,830 per share, representing an upside of 28 percent from the current Rs 2,216.
Poonawalla Fincorp Limited
ICICI Securities Limited has a ‘Buy’ call on the non-banking financial company with a target price of Rs 368 per share which represents an upside of 29 percent from the current levels of Rs 286.
Triveni Engineering & Industries Limited
ICICI Direct has a ‘Buy’ call on the sugar companies with a target price of Rs 360 per share which represents an upside of 30 percent from the current levels of Rs 276.
Tata Motors Limited
ICICI Securities Limited has a ‘Buy’ call on the Tata group automobile giant with a target price of Rs 608 per share which represents an upside of 37 percent from the current levels of Rs 445.
Go Fashion (India) Limited
ICICI Securities Limited has a ‘Buy’ call on the branded bottom wear manufacturer for women with a target price of Rs 1,500 per share, representing an upside of 37 percent from the current Rs 1,092.
South Indian Bank Limited
ICICI Securities Limited has a ‘Buy’ call on the private sector bank with a target price of Rs 25 per share which represents an upside of 46 percent from the current levels of Rs 17.10.
Sona Blw Precision Forgings Limited
JM Financial has a ‘Buy’ call on the automotive technology company with a target price of Rs 700 per share which represents an upside of 56 percent from the current levels of Rs 450.
Written by Anoushka Roy
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