600 indicating a potential upside movement of around 24 percent compared to its current market price.
250 indicating a potential upside movement of around 31 percent compared to its current market price.
325 indicating a potential upside movement of around 32 percent compared to its current market price.
780 indicating a potential upside movement of around 42 percent compared to its current market price.
700 indicating a potential upside movement of around 63 percent compared to its current market price.
On Friday, the Sensex and Nifty extended their rally for the fifth consecutive day, reaching new 52-week highs supported by widespread buying in various sectors and leading stocks.
However, by the close of trading, both benchmark equity indices ended the session in negative territory. The NSE Nifty 50 closed 33.90 points or 0.14 percent lower to finish the day’s trading at 24,010.60 while the BSE Sensex dipped 210.45 points or 0.27 percent to finish the day’s trading at 79,032.73.
Listed below are six stocks in which the brokerages have recommended an upside of up to 69%:
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Eureka Forbes Limited (EFL) is a part of the private equity firm Advent which was bought from Shapoorjipallonji group company Forbes Ltd. The company is engaged in the health and hygiene segment with product profiles comprising water purifiers, vacuum cleaners, air purifiers, and home security systems.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 600 indicating a potential upside movement of around 24 percent compared to its current market price.
Indian Renewable Energy Development Agency Mini Ratna government enterprise in the business of promoting, developing, and extending financial assistance for new and renewable energy (RE) projects, and energy efficiency and conservation (EEC) projects.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 250 indicating a potential upside movement of around 31 percent compared to its current market price.
NMDC Ltd is India’s largest iron ore producer and exporter, involved in the exploration and extraction of a range of minerals including iron ore, copper, rock phosphate, limestone, dolomite, gypsum, bentonite, magnesite, diamond, tin, tungsten, graphite, and coal.
ICICI Securities, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 325 indicating a potential upside movement of around 32 percent compared to its current market price.
PDS Ltd is engaged in the trading of garments, investment holding, design, development, marketing, sourcing and distribution of readymade garments of all kinds and other consumer products worldwide.
JM Financial, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 780 indicating a potential upside movement of around 42 percent compared to its current market price.
JK Tyre & Industries is the flagship company of the JK group. It is one of the leading tyre manufacturers in India and among the top 25 manufacturers in the world with a wide range of products catering to diverse business segments that include Truck/Bus, LCV (Light commercial vehicles), Passenger Cars, MUV (Multi utility vehicles) and Tractors.
Emkay Global, one of the well-known brokerage firms has given a ‘Buy’ target on the company’s stock with a target of Rs. 700 indicating a potential upside movement of around 63 percent compared to its current market price.
Krystal Integrated Services is an integrated facilities management service (FMS) company, with a focus on healthcare, education, and public administration.
Edelweiss gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,369, indicating a potential upside of around 69 percent compared to its current market price.
Written By Vaibhav Patil
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