Amid positive sentiments, domestic benchmark indices closed in the green on Friday. The BSE Sensex recorded a gain of 466.95 points or 0.74% to end the week at 63,384.58. Similarly, the NSE Nifty 50 gained 137.90 points or 0.74% to settle at 18,826.00 points.
Meanwhile, here are eight stocks in which the brokerages recommend an upside of up to 70%:
Lemon Tree Hotels Ltd:
Lemon Tree Hotels is the largest mid-priced and the third-largest overall hotel chain in India. It operates in the upscale segment and in the mid-priced sector, delivering differentiated yet superior service offerings, with a value-for-money proposition. ICICI Direct has a buy rating on the stock with a target price of ₹ 120.00, which translates to an upside of 30.43% as compared to its share price of 92.00.
KNR Constructions Ltd:
KNR Constructions is primarily engaged in the construction of roads, bridges, flyovers and irrigation projects. HDFC Securities has a buy call on the company’s shares with a target price of ₹ 318, which translates to an upside of 31.84% as compared to its share price of ₹ 241.20.
Techno Electric & Engineering Company Ltd:
Techno Electric & Engineering Company is engaged in providing Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the power infrastructure industry. ICICI Direct has a buy call on the company’s shares with a target price of ₹ 480.00. This translates to an upside of 33.31% as compared to its share price of ₹ 360.05.
City Union Bank:
City Union Bank is a banking company whose segments include treasury, corporate and wholesale banking, retail banking and other banking operations. Nuvama (Edelweiss) has a buy rating on the stock with a target price of ₹ 175.00. This implies an upside of 40.45% as compared to its share price of ₹ 124.60.
Delhivery:
Delhivery is a logistics company that provides delivery of express parcels and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software. Jefferies has a buy rating on the stock with a target price of ₹ 570, which indicates an upside of 48.24% as compared to its share price of ₹ 384.50.
TCI Express:
TCI Express is an express cargo logistics company with its own set-up across India. It carries distribution through various modes of transport and is specialized in offering time-definite solutions. Jefferies has a buy rating on the stock with a target price of ₹ 2,500.00. This represents an upside of 53.76% as compared to its share price of ₹ 1,625.95.
Adani Transmission:
Adani Transmission is a private-sector power transmission and distribution company engaged in the business of establishing, commissioning, setting up, operating and maintaining electric power transmission systems in India. Jefferies has a buy rating on the stock with a target price of ₹ 1400.00. This translates to an upside of 70.12% as compared to its closing share price of ₹ 822.95 apiece.
Written By Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
