Indian benchmark indices ended lower on January 17 with Nifty around 23,199.45. At close, the Sensex was down 427 points or 0.55 percent at 76,615.71, and the Nifty was down 112.35 points or 0.47 percent at 23,202.65.
Here are the five stocks with upside potential of up to 59%:
1. Aurobindo Pharma
Aurobindo Pharma Limited manufactures and markets active pharmaceutical ingredients, branded medications, generic pharmaceuticals, and associated services. Its product portfolio spans seven therapeutic/product categories, including central nervous systems (CNS) and antiretrovirals (ARVs).
With a market capitalization of Rs 67,579.17 crore, the shares were closed at Rs 1,163.55 per share, increased by around 0.60 percent as compared to the previous closing price.
Axis Securities, one of the well-known brokerages in India, gave a ‘Buy’ call on the pharma stock with a target price of Rs 1,500 apiece, indicating a potential upside of 30 percent from Friday’s closed price of Rs 1,162 per share.
2. HCL Technologies
HCL Tech provides an integrated portfolio of services, including software-led IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO), with a focus on transformational outsourcing.
With a market capitalization of Rs 4.83 lakh crore, the shares were closed at Rs 1,780.00 per share, decreased by around 0.60 percent as compared to the previous closing price.
Motilal Oswal Financial Services, one of the well-known brokerages in India, gave a ‘Buy’ call on the IT stock with a target price of Rs 2,400 apiece, indicating a potential upside of 35 percent from Friday’s closed price of Rs 1,780.00 per share.
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3. Just Dial
Justdial leads the local search engine industry in India. The company offers local search-related services to people across India in a platform-agnostic way. The multi-platform solution comprises apps (Android and iOS), mobile websites, desktop/PC, audio, and text.
With a market capitalization of Rs 7,679.14 crore, the shares were closed at Rs 903.00 per share, increased by around 0.80 percent as compared to the previous closing price.
JM Financial, one of the well-known brokerages in India, gave a ‘Buy’ call on the retail stock with a target price of Rs 1,220 apiece, indicating a potential upside of 35 percent from Friday’s closed price of Rs 903 per share.
4. Senco Gold
Senco Gold Limited offers gold and diamond jewelry, but it also sells silver, platinum, precious and semi-precious stones, as well as other metals. The Company’s additional items include costume jewelry, gold and silver coins, and silver cutlery.
With a market capitalization of Rs 8,400.70 crore, the shares were closed at Rs 1,026.95 per share, decreased by around 1.88 percent as compared to the previous closing price.
Motilal Oswal Financial Services, one of the well-known brokerages in India, gave a ‘Buy’ call on the gold stock with a target price of Rs 1,450 apiece, indicating a potential upside of 41 percent from Friday’s closed price of Rs 1,027per share.
5. Indus Towers
Indus Towers Limited is an Indian provider of telecom infrastructure. The company builds, owns, and administers telecom towers and communication infrastructure for a variety of mobile providers. It provides tower, power, and space solutions, as well as smart cities, a tower operations center, and green technologies.
With a market capitalization of Rs 95,501.49 crore, the shares were closed at Rs 362.00 per share, increased by around 2.19 percent as compared to the previous closing price.
CLSA, one of the well-known brokerages in India, gave a ‘Buy’ call on the Telecom stock with a target price of Rs 575 apiece, indicating a potential upside of 59 percent from Friday’s closed price of Rs 363 per share.
Written by Abhishek Singh
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