At close, the Sensex was up 1,310.11 points or 1.77 percent at 75,157.26, and the Nifty was up 429.40 points or 1.92 percent at 22,828.55. About 3006 shares advanced, 807 shares declined, and 110 shares remained unchanged.
Here are the six stocks with upside potential of up to 63%;
Tata Steel Ltd
Tata Steel Limited is an India-based global steel company with an annual crude steel capacity of approximately 35 million tons per annum. The Company is primarily engaged in the business of manufacturing and distribution of steel products across the globe.
With a market capitalization of Rs 1.66 lakh crore, the shares closed at Rs 133 per share, increased around 4.68 percent as compared to the previous closing price.
Motila Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the steel stock with a target price of Rs 180 apiece, indicating a potential upside of 35 percent from Friday’s closing price of Rs 133 per share.
Delhivery Ltd
Delhivery Limited is a fully integrated logistics provider. It offers services, including express parcel, partial-truckload freight, truckload freight, Delhivery cross-border, and supply chain services. Its express parcel delivery network services over 18500 pin codes in India.
With a market capitalization of Rs 18,278 crore, the shares closed at Rs 245 per share, increased around 0.72 percent as compared to the previous closing price.
Emkay, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 400 apiece, indicating a potential upside of 63 percent from Friday’s closing price of Rs 245 per share.
Fino Payments Bank Ltd
Fino Payments Bank Limited (FPBL) is an India-based scheduled commercial bank, which is engaged in providing digitally based financial services. FPBL offers savings account, current accounts, BPay mobile banking, and wallet application (app), loans, and insurance services.
With a market capitalization of Rs 1,750 crore, the shares closed at Rs 210 per share, increased around 2.06 percent as compared to the previous closing price.
Emkay, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 300 apiece, indicating a potential upside of 43 percent from Friday’s closing price of Rs 210 per share.
Affle (India) Ltd
Affle (India) Limited is a global technology company. The Company provides a consumer intelligence platform that delivers consumer engagement, acquisitions, and transactions through relevant mobile advertising. Its segments include the Consumer Platform and the Enterprise Platform.
With a market capitalization of Rs 21,073 crore, the shares closed at Rs 1,500 per share, increased around 6.92 percent as compared to the previous closing price.
Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 1,880 apiece, indicating a potential upside of 43 percent from Friday’s closing price of Rs 1,500 per share.
Godrej Properties Ltd
Godrej Properties Limited is an India-based company that is engaged primarily in the business of real estate construction, development, and other related activities. The Company operates through the development of the real estate property segment. It operates through the Godrej brand.
With a market capitalization of Rs 58,657 crore, the shares closed at Rs 1,948 per share, decreased around 1.33 percent as compared to the previous closing price.
ICICI Securities Ltd, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 2,515 apiece, indicating a potential upside of 29 percent from Friday’s closing price of Rs 1,948 per share.
Inox India Ltd
Inox India Limited provides solutions for designing, developing, manufacturing, and installing cryogenic equipment and systems. The firm specializes in delivering cryogenic equipment, namely tanks. With a market capitalization of Rs 9,058 crore, the shares closed at Rs 998 per share, decreased around 3.50 percent as compared to the previous closing price.
JM Financial, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 1,240 apiece, indicating a potential upside of 24 percent from Friday’s closing price of Rs 998 per share.
Written by Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
