Domestic headline gauges started in the green on Tuesday but were dragged to the red tracking losses in oil & gas, and FMCG stocks. The Sensex shrunk by 0.33% by 11:56 AM on Tuesday and was quoting at 59,634.70 points, while the Nifty declined 0.28% to quote at 17,680.85 points.
As markets fluctuate, here are 8 stock recommendations from leading brokerage firms which can offer an upside of up to 52%:
AGS Transact Technologies Ltd.
HDFC Securities has a buy rating on the shares of AGS Transact Technologies Ltd, a leading omni-channel payment solution provider in India. It has given a target of ₹ 123, which translates to an upside of 52% compared to its current market price of ₹ 81.
Laurus Labs Ltd.
ICICI Direct has a buy rating on the shares of Laurus Labs Ltd, a company that caters to the needs of the global pharmaceutical industry. It has given a target of ₹ 675, which translates to an upside of 48% compared to its current market price of ₹ 454.
PVR Ltd.
Prabhudas Lilladher has a buy rating on the shares of PVR Ltd, a premium film exhibition company. It has given a target of ₹ 2,410, which translates to an upside of 40% compared to its current market price of ₹ 1,727.
Teamlease Services Ltd.
HDFC Securities has a buy rating on the shares of TeamLease Services Ltd, a company that provides employment-related services. It has given a target of ₹ 4,070, which translates to an upside of 39% compared to its current market price of ₹ 2,918.
Ashok Leyland Ltd.
Prabhudas Lilladher has a buy rating on the shares of Ashok Leyland Ltd, a Hinduja Group having a long-standing presence in the domestic medium and heavy commercial vehicle (M&HCV) segment. It has given a target of ₹ 200, which translates to an upside of 40% compared to its current market price of ₹ 146.
Blue Dart Express Ltd.
IDBI Capital has a buy rating on the shares of Blue Dart Express Ltd, a leading logistics company. It has given a target of ₹ 11,500, which translates to an upside of 37% compared to its current market price of ₹ 8,409.
Multi Commodity Exchange of India Ltd.
HDFC Securities has a buy rating on the shares of Multi Commodity Exchange of India Ltd, India’s first listed exchange. It has given a target of ₹ 1,900, which translates to an upside of 28% compared to its current market price of ₹ 1,481.
Bharti Airtel Ltd.
Prabhudas Lilladher has a buy rating on the shares of Bharti Airtel Ltd, a leading provider of telecommunication services worldwide. It has given a target of ₹ 1032, which translates to an upside of 29% compared to its current market price of ₹ 801.
CEAT
Brokerage firm Equirus sees a massive upside in the tyre manufacturer’s shares. It has given a target of ₹ 3,654 per share, achievable by 2025. This translates to an upside of 142% as compared to its current share price of ₹ 1506. Therefore, it might deliver multibagger returns as per the brokerage.
Written by Simran Bafna
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