Edelweiss gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs.
433 indicating a potential upside of around 27 percent compared to the current stock prices prevailing in the market.
299 indicating a potential upside of around 28 percent compared to the current stock prices prevailing in the market.
1,200 indicating a potential upside of around 34 percent compared to the current stock prices prevailing in the market.
841 indicating a potential upside of around 65 percent compared to the current stock prices prevailing in the market.
Indian stock market benchmarks, the Nifty 50 and the Sensex soared to record-high levels in early trade on Monday’s trading session, after a majority of the exit polls predicted that the Bharatiya Janata Party (BJP)-led NDA may win over 350 of the 543 seats in the Lok Sabha elections 2024.
At close, NSE Nifty 50 gained 733 points or 3.3 percent to finish the day’s trading at 23,263, while the BSE Sensex closed 2,507 points or 3.4 percent higher at 76,468.78.
Listed below are 6 stocks in which the brokerages recommended an upside of up to 65%:
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The company is a vertically integrated, research and development-focused pharmaceutical company engaged in developing, manufacturing, and marketing complex products for niche therapeutic areas.
ICICI Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 1,250 indicating a potential upside of around 25 percent compared to the current stock prices prevailing in the market.
The company is engaged in the home textiles and bedding industry. The company is a manufacturer and exporter of bed sheets, bed linen and quilts and it is one of the largest global bed linen players.
Edelweiss gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs. 433 indicating a potential upside of around 27 percent compared to the current stock prices prevailing in the market.
PCBL Limited, a part of the RP-Sanjiv Goenka Group, is a leading manufacturer of carbon black and speciality chemicals.
IDBI Capital gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs. 299 indicating a potential upside of around 28 percent compared to the current stock prices prevailing in the market.
The company is into manufacturing hydraulic gear pumps and automotive turbochargers. They serve clients across the Aerospace, automotive and hydraulic industries.
ICICI Direct gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs 10,250 indicating a potential upside of around 33 percent compared to the current stock prices prevailing in the market.
The company manufactures and exports PCR-based Molecular Diagnostic kits, PCR Enzymes & PCR Reagents, and agrochemical-based products.
Edelweiss gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs. 1,200 indicating a potential upside of around 34 percent compared to the current stock prices prevailing in the market.
V2 Retail Limited is a leading retail company in India that operates a chain of stores offering fashionable apparel, including men’s and women’s wear.
The company offers a diverse portfolio of products, including readymade garments, household merchandise, and other consumer goods like footwear, watches, toys, toiletries, grocery items, sports items, crockery, novelties and gifts.
Edelweiss gave a ‘Buy’ recommendation for the company’s stock with a target price of Rs. 841 indicating a potential upside of around 65 percent compared to the current stock prices prevailing in the market.
Written By Vaibhav Patil
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