Indian equity gauges— BSE Sensex and NSE Nifty 50 rallied to a record high on Friday. Some of the top gainers included TCS, Infosys, Tech Mahindra, LTI Mindtree and HCL Technologies. On the other hand, some of the top losers included HDFC Life, M&M, Power Grid Corporation, Titan Company and Dr Reddy’s Laboratories.
Meanwhile, here are a few stocks in which brokerages recommend an upside of up to 145 percent:
Central Depository Services Ltd (CDSL)
CDSL is a Market Infrastructure Institution (MII) that provides services to all market participants. It is a facilitator for holding of securities in the dematerialised form and an enabler for securities transactions.HDFC Securities has a buy rating on the shares of CDSL with a target price of ₹ 1470.00. This translates to an upside of 21.79 percent as compared to the company’s share price of ₹ 1207.00.
Dalmia Bharat Ltd
Dalmia Bharat is engaged in the business of Manufacturing and Selling of cement. Motilal Oswal has a buy rating on the stock with a target price of ₹2550.00. This represents an upside of 24.09 percent as compared to the company’s share price of ₹ 2055.00.
PCBL Ltd
PCBL manufactures and sells carbon black and is also involved in the sale of power. It is a part of RP‑Sanjiv Goenka Group and is in the business of the production of carbon black and the generation of electricity. ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 200.00. This implies an upside of 27.11 percent as compared to the company’s share price of ₹ 157.35.
TCPL Packaging Ltd
TCPL manufactures folding cartons, printed blanks and outers, litho-lamination, plastic cartons, blister packs, and shelf-ready packaging. Nuvama Wealth (Edelweiss) has maintained a buy rating on the stock with a target price of ₹ 2209.00. This hints at an upside of 35.10 percent as compared to the company’s share price of ₹ 1635.00.
Deepak Nitrite Ltd
Deepak Nitrite manufactures basic intermediates, fine & speciality chemicals, performance products, and phenolics. JM Financial has maintained a buy rating on the stock with a target price of ₹ 2,660.00. This indicates an upside of 36.90 percent as compared to the company’s share price of ₹ 1943.00.
Adani Wilmar Ltd
Adani Wilmar is a leading FMCG food company in India that offers most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar. Nuvama Institutional Equities has a buy rating on the stock with a target price of ₹ 625.00. This suggests an upside of 56.80 percent as compared to the company’s share price of ₹ 398.60.
Zomato Ltd
Zomato is a new-age food-tech company and one of the leading online food service platforms in terms of the value of food sold. Jefferies has a buy rating on the stock with a bull case target price of ₹ 150. This connotes an upside of 81.71 percent as compared to the company’s share price of ₹ 82.55.
Royal Orchid Hotels Ltd
Royal Orchid Hotels is one of India’s fastest-growing hospitality brands, managing a portfolio of 3920+ Guest rooms across 58 hotels & resorts across 38 cities across the country. Nuvama Wealth (Edelweiss) has a buy rating on the stock with a target price of ₹ 549.00. This signifies an upside of a massive 144.55 percent as compared to the company’s share price of ₹ 321.40.
Written By Simran Bafna
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