Here are the 5 stock recommendations which might give a potential upside of more than 30 percent. The Indian market, where quality and conviction are more important than ever, is displaying signs of selective strength following weeks of consolidation and mixed earnings. A select few hand picked stocks with over 30 percent upside potential stand out as investors search for the next wave of outperformers.
As per Friday’s closing numbers, the Sensex was down just 94 points (0.11 percent) at 83,216, while the Nifty inched lower by 17 points (0.07 percent) to 25,492, well off its day’s low of 25,318. The broader markets also bounced back, with the BSE Midcap index up 0.2 percent and Smallcap ending flat.
After a weak start tracking global cues, Indian markets slipped in early trade but staged an impressive comeback later in the session. Buying in metal, auto, and banking stocks helped the indices recover sharply from intraday lows. On a weekly basis, both the Sensex and Nifty slipped around 1 percent, reflecting a cautious mood amid global uncertainty.
Amid a decent earnings season and global market volatility, brokerages have spotlighted a few high conviction picks across logistics, hospitality, renewables, and building materials, with each offering over 30 percent upside potential.
The 5 Stock recommendations are as follows:
Gateway Distriparks
Gateway Distriparks is a comprehensive provider of multimodal logistics services, and it operates a fleet of 31 trainsets and more than 500 trailers for transportation between its facilities and maritime ports, as well as first and last mile connectivity to offer end-to-end solutions to the EXIM industry. The business provides container handling services, rail and road transportation, general and bonded warehousing, and other value-added services.
With the market cap of Rs 3,081 crore , the shares of Gateway Distriparks Ltd gave a closing at Rs 61.7 on Friday which fell by about 0.13 percent from previous day closing price of Rs 61.78.
ICICI Securities Limited, one of the well-known brokerages in India, gave a ‘Buy’ call on the logistic stock with a target price of Rs 94 apiece, indicating a potential upside of 52.4 percent from Friday’s closing price of Rs 61.7 per share.
Delhivery
Delhivery is an express package and heavy goods delivery company with PTL and TL freight, warehousing, supply chain solutions, cross-border express, freight services and supply chain software are just a few of the logistics services that Delhivery offers. Additionally, the business provides value-added services like fraud detection, installation and assembly services, payment collecting and processing, and e-commerce return services.
With the market cap of Rs 32,167 crore , the shares of Delhivery Ltd gave a closing at Rs 430.25 on Friday, which fell by about 2.46 percent fromthe previous day closing price of Rs 441.10.
ICICI Securities Limited, one of the well-known brokerages in India, gave a ‘Buy’ call on the logistic stock with a target price of Rs 600 apiece, indicating a potential upside of 39.68 percent from Friday’s closing price of Rs 430.25 per share.
ACME Solar Holdings
ACME Solar Holdings is an Indian renewable energy company with a portfolio that includes solar, wind, hybrid, and firm initiatives involving dispatchable renewable energy (“FDRE”) and the company ranks among the top 10 renewable energy companies in India in terms of operational capacity and is one of the country’s biggest independent power producers (IPPs).
With the market cap of Rs 16,046 crore , the shares of ACME Solar Holdings Ltd gave a closing at Rs 265.20 on Friday which fell by about 1.43 percent from previous day closing price of Rs 269.05 ICICI Securities Limited, one of the well-known brokerages in India, gave a ‘Buy’ call on the green energy stock with a target price of Rs 350 apiece, indicating a potential upside of 32.1 percent from Friday’s closing price of Rs 265.20 per share.
Indian Hotel Company
One of the top hospitality companies in India is IHCL. The varied portfolio of IHCL and its subsidiaries spans across the luxury, upmarket/upper upscale, and lean luxury/midscale segments. IHCL operates in more than 100 cities, 12 countries, and four continents.
With the market cap of Rs 98,522 crore , the shares of Indian Hotels Co Ltd gave a closing at Rs 692.15 on Friday which fell by about 0.72 percent from previous day closing price of Rs 697.15
IDBI capital , one of the well-known brokerages in India, gave a ‘Buy’ call on the hotel stock with a target price of Rs 930 apiece, indicating a potential upside of 34.46 percent from Friday’s closed price of Rs 692.15 per share.
Greenply industries
With a 26 percent market share, Greenply Industries Limited, which was founded in 1990 , is one of India’s top producers of plywood. Plywood, block boards, doors, decorative veneers, and film-faced plywood are few of the many panel goods that Greenply sells.
With the market cap of Rs 3,613 crore , the shares of Greenply Industries Ltd gave a closing at Rs 289.35 on Friday which fell by about 1.18 percent from previous day closing price of Rs 292.80.
Axis direct , one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 385 apiece, indicating a potential upside of 32.99 percent from Friday’s closed price of Rs 289.35 per share.
Written by Leon Mendonca
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