The downward spiral continued amid a sharp bout of intra-day volatility as uncertainty surrounding the weak global economic scenario coupled with the probability of the US Fed maintaining a hawkish stance going ahead weighed on the sentiment.
However, with the market in oversold territory, we could see a quick pullback rally if the index trades above 17,500. Above this, the pullback formation is likely to continue till 17,600-17,750. – Kotak Securities
As the markets sentiments remain volatile, here are 9 stocks recommended by analysts for an upside of up to 58%:
V Guard Industries Limited
Sharekhan by BNP Paribas has a ‘Buy’ call on the Indian electricals and home appliances manufacturer with a target price of Rs 320 per share which represents an upside of 32 percent from the current levels of Rs 242.
Samvardhana Motherson International Limited
ICICI Securities has a ‘Buy’ call on the Indian manufacturer of wiring harnesses, plastic components, and rearview mirrors for passenger cars with a target price of Rs 110 per share which represents an upside of 34 percent from the current levels of Rs 82.
Check out WiseOwl’s WiseRadar for stocks of the day.
NMDC Limited
Motilal Oswal Financial Services has a ‘Buy’ call on the central public sector undertaking engaged in the exploration and production of Iron Ore with a target price of Rs 155 per share which represents an upside of 38 percent from the current levels of Rs 112.
Mahindra Lifespace Developers Limited
HDFC Securities has a ‘Buy’ call on the Mahindra Group real estate and infrastructure development company with a target price of Rs 521 per share which represents an upside of 41 percent from the current levels of Rs 370.
Vardhman Textiles Limited
Emkay Global has a ‘Buy’ call for the textile company with a target price of Rs 440 per share, representing an upside of 42 percent from the current Rs 309.
Gokaldas Exports Limited
Emkay Global has a ‘Buy’ call on the Indian company engaged in the design, manufacture, and sale of a wide range of garments with a target price of Rs 575
per share which represents an upside of 43 percent from the current levels of Rs 401.
Nitin Spinners Limited
Emkay Global has a ‘Buy’ call for the company engaged in the business of Yarn and Cotton Knitted Fabric with a target price of Rs 320 per share, representing an upside of 46 percent from the current Rs 207.
Zomato Limited
Morgan Stanley has a ‘Buy’ call on the online food and grocery delivery platform with a target price of Rs 82 per share, representing an upside of 52 percent from the current Rs 54.
Lemon Tree Hotels Limited
Motilal Oswal Financial Services has a ‘Buy’ call on the Indian hotel chain company with a target price of Rs 115 per share, representing an upside of 58 percent from the current Rs 73.
Written by Anoushka Roy
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.
