The Nifty 50 closed at 24,008, down 1.10%, while the Sensex ended the session at 79,454.47, also declining 1.10% from its previous close. Despite the broader market dip, analysts have identified a list of select stocks that continue to show strong upside potential based on current fundamentals and technical outlook.
Zee Entertainment Enterprises Ltd
Zee Entertainment Enterprises is mainly in the following businesses: Broadcasting of Satellite Television Channels, Space Selling agent for other satellite television channels, and Sale of Media Content, i.e., programs, film rights, feeds, and music rights With a market capitalization of Rs 11,084.39 crore, the shares closed at Rs 115.40 per share, increased around 3.81 percent as compared to the previous closing price.
ICICI Securities, one of the most prominent brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 185 per share, indicating a potential upside of 60.31 percent from Friday’s closing price of Rs 115.40 per share.
EPL Ltd
EPL Limited (formerly known as Essel Propack Limited) is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the Beauty & Cosmetics, Pharma & Health, Food, Oral, and Home Care. With a market capitalization of Rs 6,659.40 crore, the shares closed at Rs 208.35 per share, increased around 4.71 percent as compared to the previous closing price
ICICI Securities, one of the most prominent brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 320 per share, indicating a potential upside of 53.59 percent from Friday’s closing price of Rs 208.35 per share.
Punjab National Bank
Punjab National Bank is India’s first Swadeshi Bank. Punjab National Bank (PNB) is a state-owned commercial bank located in New Delhi. PNB is one of the leading commercial banks in India. They offer banking products, and also operate credit card and debit card business, bullion business, life and non-life insurance business, and gold coins and asset management business. With a market capitalization of Rs 1,05,953.44 crore, the shares closed at Rs 92.19 per share, increased around 0.91 percent as compared to the previous closing price
Emkay Global Financial Services, one of the trusted brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 125 per share, indicating a potential upside of 35.5 percent from Friday’s closing price of Rs 92.19 per share.
REC Ltd
Rural Electrification Corporation Ltd (REC) is a Navratna Central Public Sector Enterprise under the Ministry of Power. It is a Government Company engaged in extending financial assistance to State Electricity Boards, State Power utilities/State Power Departments, and the Private sector for all segments of Power infrastructure. The company is engaged in the financing and promotion of transmission, distribution, and generation projects throughout India. With a market capitalization of Rs 1,01,365.96 crore, the shares closed at Rs 384.95 per share, decreasing around 1.90 percent as compared to the previous closing price
ICICI Securities, one of the most prominent brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 540 per share, indicating a potential upside of 40.28 percent from Friday’s closing price of Rs 384.95 per share.
Hindustan Petroleum Corporation Ltd
Hindustan Petroleum Corporation Ltd is mainly engaged in the business of refining crude oil and marketing petroleum products, producing hydrocarbons as well and providing services for the management of E&P Blocks With a market capitalization of Rs 81,985.00 crore, the shares closed at Rs 385.30 per share, decreasing around 0.72 percent as compared to the previous closing price
Emkay Global Financial Services, one of the trusted brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 500 per share, indicating a potential upside of 29.4 percent from Friday’s closing price of Rs 385.30 per share.
Larsen & Toubro Ltd
Larsen & Toubro Ltd is a multinational conglomerate which is primarily engaged in providing engineering, procurement, and construction (EPC) solutions in key sectors such as Infrastructure, Hydrocarbon, Power, Process Industries and Defence, Information Technology, and Financial Services in domestic and international markets With a market capitalization of Rs 4,74,633.82 crore, the shares closed at Rs 3,451.40 per share, increased around 3.84 percent as compared to the previous closing price
ICICI Securities, one of the most prominent brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 4,450 per share, indicating a potential upside of 28.93 percent from Friday’s closing price of Rs 3,451.4 per share.
Written By Likesh Babu S
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