The Benchmark Indices concluded Friday’s trading session negatively, with the Sensex decreasing by 241.3 points, or nearly 0.31 percent, ending the day at 77,378.91.
Meanwhile, the Nifty 50 index decreased by about 86.5 points, equivalent to a fall of nearly 0.37 percent, and closed in the red at 23,440.
Over the previous five trading sessions, the Nifty 50 index experienced a fall of about 2.35 percent, while the Sensex saw a decline of around 2.33 percent.
Below are six stocks that brokerages have recommended for a potential upside of up to 47 percent:
1. Kalpataru Projects International Limited
With a market capitalisation of Rs. 20,663.4 crores, the shares of one of the largest specialized EPC companies moved up by nearly 0.2 percent on BSE to Rs. 1251.9 on Friday.
The analysts of brokerage firm Axis Direct have issued a ‘buy’ rating for Kalpataru Projects, setting a target price of Rs. 1,590 per share, indicating a potential upside of nearly 31 percent from Friday’s closing price of Rs. 1,210.
Kalpataru Projects International Limited, formerly known as Kalpataru Power Transmission Limited, is a global EPC player with diversified interest in buildings and factories, power transmission and distribution, roads and bridges, water pipelines, railway track laying and electrification, oil and gas pipelines laying, etc.
2. Dabur Limited
With a market capitalisation of Rs. 91,646.4 crores, the shares of a leading FMCG company and a global leader in Ayurvedic products moved down by nearly 1.3 percent on BSE to Rs. 514.15 on Friday.
The analysts of brokerage firm BOB Capital Markets have issued a ‘buy’ rating for Dabur, setting a target price of Rs. 697 per share, indicating a potential upside of nearly 35 percent from Friday’s closing price of Rs. 517.
Dabur India Limited is structured into three strategic business units: Consumer Care Division, International Business Division, and Consumer Health Division. It operates across key consumer product categories, including hair care, oral care, health care, skin care, home care, and foods.
3. JNK India Limited
With a market capitalisation of Rs. 3,309.4 crores, the shares of one of the leading heating equipment companies of India moved down by nearly 3.2 percent on BSE to Rs. 592.05 on Friday.
The analysts of brokerage firm LKP Securities Limited have issued a ‘buy’ rating for JNK India, setting a target price of Rs. 815 per share, indicating a potential upside of nearly 37 percent from Friday’s closing price of Rs. 595.
Founded in 2010, JNK India Limited is engaged in the business of thermal designing, engineering, manufacturing, supplying, installing and commissioning process-fired heaters, reformers and cracking furnaces.
4. Oil and Natural Gas Corporation Limited
With a market capitalisation of Rs. 3.31 lakh crores, the shares of the largest crude oil & natural gas company in India moved up by nearly 1.3 percent on BSE to Rs. 266.5 on Friday.
The analysts of brokerage firm CLSA have issued a ‘buy’ rating for ONGC, setting a target price of Rs. 360 per share, indicating a potential upside of nearly 37 percent from Friday’s closing price of Rs. 263.3.
Oil and Natural Gas Corporation Limited (ONGC) is primarily engaged in exploration, development and production of crude oil, natural gas and value-added products.
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5. Coal India Limited
With a market capitalisation of Rs. 2.27 lakh crores, the shares of this Maharatna company and the single largest coal producer in the world moved up by nearly 0.2 percent on BSE to Rs. 373.2 on Friday.
The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating for Coal India, setting a target price of Rs. 525 per share, indicating a potential upside of nearly 42 percent from Friday’s closing price of Rs. 368.6.
Established in 1975, Coal India Limited (CIL) is primarily involved in the business of mining and production of coal. Its primary customers are the power and steel industries, with additional consumers in sectors such as cement, fertilizers, and brick kilns.
6. JSW Energy Limited
With a market capitalisation of Rs. 94,816.4 crores, the shares of one of the leading private sector power producers in India moved up by nearly 0.4 percent on BSE to Rs. 559.55 on Friday.
The analysts of brokerage firm Axis Direct have issued a ‘buy’ rating for JSW Energy, setting a target price of Rs. 800 per share, indicating a potential upside of nearly 47 percent from Friday’s closing price of Rs. 542.5.
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.
Written by Shivani Singh
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