The Benchmark Indices concluded Friday’s trading session positively, with the Sensex increasing by 193.4 points, or 0.23 percent, ending the day at 83,432.89. Meanwhile, the Nifty 50 index increased by about 56 points, equivalent to a rise of 0.22 percent, and closed in the green at 25,461. Over the previous five trading sessions, the Nifty 50 index experienced a fall of about 0.69 percent, while the Sensex saw a decline of around 0.74 percent.
Below are five stocks that brokerages have recommended for a potential upside of up to 39 percent:
Cholamandalam Investment and Finance Company Limited
With a market capitalisation of Rs. 1.28 lakh crores, the stock moved down by 0.06 percent on BSE to close in the red at Rs. 1,526.45 on Friday. Cholamandalam Investment and Finance Company (CIFCL) is a comprehensive financial services provider offering vehicle finance, home loans, SME loans, wealth management, stock broking, mutual fund distribution and a variety of other financial services to customers.
The analysts of brokerage firm Sharekhan have issued a ‘buy’ rating for Cholamandalam Investment & Finance Company Limited, setting a target price of Rs. 1,900 per share, indicating a potential upside of over 24 percent from Friday’s closing price.
Pricol Limited
With a market capitalisation of Rs. 5,618 crores, the stock moved up by 0.45 percent on BSE to close in the green at Rs. 460.95 on Friday. Pricol Limited is engaged in the business of manufacturing and selling instrument clusters and other allied automobile components to Original Equipment Manufacturers (OEM) and replacement markets.
The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating for Pricol, setting a target price of Rs. 575 per share, indicating a potential upside of nearly 25 percent from Friday’s closing price.
Go Fashion (India) Limited
With a market capitalisation of Rs. 4,874 crores, the stock moved up by nearly 0.4 percent on BSE to close in the green at Rs. 902.45 on Friday. Go Fashion (India) Limited is mainly engaged in the business of manufacturing and sale of apparel for women and kids.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Go Fashion, setting a target price of Rs. 1,200 per share, indicating a potential upside of nearly 33 percent from Friday’s closing price.
Honasa Consumer Limited
With a market capitalisation of Rs. 9,568.5 crores, the stock moved down by nearly 2 percent on BSE to close in the red at Rs. 294.25 on Friday. The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Honasa Consumer, setting a target price of Rs. 400 per share, indicating a potential upside of nearly 36 percent from Friday’s closing price.
Honasa Consumer Limited is principally engaged in the trading of a variety of beauty and personal care products across baby care, skin care, hair, and other related personal care categories, which are manufactured through third-party contract manufacturers under the brand names of ‘Mamaearth’, ‘The Derma Co.’, ‘BBlunt’, ‘Aqualogica’, and ‘Ayuga’.
ACME Solar Holdings Limited
With a market capitalisation of Rs. 15,079 crores, the stock moved down by nearly 0.2 percent on BSE to close in the red at Rs. 249.5 on Friday. ACME Solar Holdings Limited is a renewable energy company in India with a portfolio of solar, wind, hybrid, firm and dispatchable renewable energy (FDRE) projects.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for ACME Solar, setting a target price of Rs. 347 per share, indicating a potential upside of nearly 39 percent from Friday’s closing price.
Written by Shivani Singh
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