The Benchmark Indices concluded Friday’s trading session negatively, with the Sensex decreasing by 720.6 points, or nearly 0.9 percent, ending the day at 79,223.11.
Meanwhile, the Nifty 50 index decreased by about 184 points, equivalent to a fall of nearly 0.76 percent, and closed in the red at 24,004.75.
Over the previous five trading sessions, the Nifty 50 index experienced a growth of about 0.8 percent, while the Sensex saw a growth of around 0.7 percent.
Below are six stocks that brokerages have recommended for a potential upside of up to 45 percent:
1. Kajaria Ceramics Limited
With a market capitalisation of Rs. 18,157.8 crores, the shares of the largest manufacturer of ceramic/vitrified tiles in India and the 8th largest in the world moved up by nearly 0.6 percent on BSE to Rs. 1,151.8 on Friday.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Kajaria Ceramics, setting a target price of Rs. 1,450 per share, indicating a potential upside of nearly 28 percent from Friday’s closing price of Rs. 1,140.05.
Incorporated in 1985, Kajaria Ceramics Limited is engaged in the business of manufacturing, selling and distribution of Ceramic and Vitrified wall and floor tiles.
2. JSW Energy Limited
With a market capitalisation of Rs. 1.1 lakh crores, the shares of one of the leading private sector power producers in India moved up by nearly 1 percent on BSE to Rs. 646.5 on Friday.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for JSW Energy, setting a target price of Rs. 810 per share, indicating a potential upside of nearly 28 percent from Friday’s closing price of Rs. 634.45.
Incorporated in 1994, JSW Energy Limited, a part of the $24 billion JSW Group, is primarily engaged in the business of generation of power with principal places located across all states in India. Further, the Group has a joint venture company engaged in the mining activity and an associate engaged in the manufacturing of turbines.
3. Hindustan Petroleum Corporation Limited
With a market capitalisation of Rs. 87,719.5 crores, the shares of a company engaged in refining crude oil and marketing petroleum products moved up by nearly 1.1 percent on BSE to Rs. 417 on Friday.
The analysts of brokerage firm Axis Securities have issued a ‘buy’ rating for HPCL, setting a target price of Rs. 544 per share, indicating a potential upside of nearly 32 percent from Friday’s closing price of Rs. 412.25.
HPCL is engaged in the business of refining crude oil and marketing petroleum products, production of hydrocarbons and providing services for the management of E&P Blocks, manufacturing of ethanol, sugar and generation of power, operating Liquefied Natural Gas (LNG) regasification terminal, green and renewable energy business.
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4. Avenue Supermarts Limited
With a market capitalisation of Rs. 2.61 lakh crores, the shares of one of the largest food & grocery retailers in India moved up by nearly 15 percent on BSE to Rs. 4,165 on Friday.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Avenue Supermarts, setting a target price of Rs. 5,300 per share, indicating a potential upside of nearly 32 percent from Friday’s closing price of Rs. 4,023.25.
Avenue Supermarts Limited is primarily engaged in the business of organised retail and operates supermarkets under the brand name of “D-Mart”.
5. SignatureGlobal (India) Limited
With a market capitalisation of Rs. 19,588 crores, the shares of a leading real estate development company in India, moved up by nearly 1.6 percent on BSE to Rs. 1,415.95 on Friday.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Signature Global, setting a target price of Rs. 2,000 per share, indicating a potential upside of nearly 44 percent from Friday’s closing price of Rs. 1,394.05.
Signatureglobal (India) Limited is engaged in the business of real estate development, along with supplying construction materials and providing construction services.
6. Raymond Lifestyle Limited
With a market capitalisation of Rs. 12,641.7 crores, the shares of India’s largest integrated manufacturer of worsted suiting moved up by nearly 0.3 percent on BSE to Rs. 2,096.05 on Friday.
The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Raymond Lifestyle, setting a target price of Rs. 3,000 per share, indicating a potential upside of nearly 45 percent from Friday’s closing price of Rs. 2,075.
Incorporated in 2024, Raymond Lifestyle Limited is engaged in the business of offering fashion products and services with branded textile, and apparel brands across formal casual and ethnic wear.
Written by Shivani Singh
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