The Benchmark Indices concluded Friday’s trading session negatively, with the Sensex decreasing by 400.76 points, or 0.47 percent, ending the day at 85,231.92. Meanwhile, the Nifty 50 index decreased by 124 points, equivalent to a fall of 0.47 percent, and closed in the red at 26,068.15.
Over the previous five trading sessions, the Sensex witnessed a jump of 0.5 percent, and the Nifty 50 index surged around 0.4 percent. Below are five stocks that brokerages have recommended for a potential upside of up to 70 percent:
360 ONE WAM Limited
With a market capitalisation of Rs. 46,004.6 crores, the stock closed in the red at Rs. 1,136 on Friday. The analysts of global brokerage firm Citi have issued a ‘buy’ rating for 360 ONE WAM, setting a target price of Rs. 1,615 per share, indicating a potential upside of around 42 percent from Friday’s closing price.
360 ONE WAM LIMITED, formerly known as IIFL Wealth Management Limited, is engaged in services relating to financial products distribution, advisory and portfolio management services by mobilising funds and assets of various classes of investors, including High Net Worth Individuals (HNI).
The company is registered as a merchant banking firm with SEBI, and its wealth and asset management services include financial asset distribution, broking, lending, credit and investment solutions and asset and portfolio management.
Hindustan Copper Limited
With a market capitalisation of Rs. 30,354.8 crores, the stock closed in the red at Rs. 313.9 on Friday. The analysts of brokerage firm Anand Rathi have issued a ‘buy’ rating for Hindustan Copper, setting a target price of Rs. 450 per share, indicating a potential upside of around 43 percent from Friday’s closing price.
Hindustan Copper Limited, a Miniratna Category-I Enterprise of the Government of India (GoI) under the administrative control of the Ministry of Mines, is engaged in the business of exploration, exploitation, and mining of copper, along with minerals beneficiation, smelting and refining operations. Its primary business involves mining and processing copper ore into Metal-In-Concentrate (MIC).
WeWork India Management Limited
With a market capitalisation of Rs. 8,265.8 crores, the stock closed in the red at Rs. 616.75 on Friday. The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for WeWork India, setting a target price of Rs. 914 per share, indicating a potential upside of around 48 percent from Friday’s closing price.
WeWork India Management Limited, a leading premium flexible workspace operator in India, is engaged in the business of providing flexible, high-quality workspaces to customers, which include companies of all sizes: large enterprises, small and mid-size businesses, startups, as well as individuals. It leases primarily Grade A office space from leading developers across Tier-1 cities and designs, builds, and operates them as flexible workspaces to global standards.
Lodha Developer Limited
With a market capitalisation of Rs. 1.17 lakh crores, the stock closed in the red at Rs. 1,175.5 on Friday. The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Lodha Developer, setting a target price of Rs. 1,888 per share, indicating a potential upside of around 61 percent from Friday’s closing price.
Lodha Developers Limited, formerly known as Macrotech Developers Limited, is among the largest real estate developers in India and has been involved in the real estate business since the 1980s. The company has delivered ~100 million square feet of real estate and is currently developing more than 110 million square feet under its ongoing and planned portfolio.
Apeejay Surrendra Park Hotels Limited
With a market capitalisation of Rs. 2,957.3 crores, the stock closed in the red at Rs. 138.6 on Friday. The analysts of brokerage firm Prabhudas Lilladher have issued a ‘buy’ rating for Apeejay Surrendra Park Hotel, setting a target price of Rs. 235 per share, indicating a potential upside of around 70 percent from Friday’s closing price.
Apeejay Surrendra Park Hotels Limited is primarily engaged in the business of owning, operating and managing hotels in India under the names “The Park Hotels, The Park Collection and Zone by the Park”.
Written by Shivani 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. Trade Brains Technologies Private Limited 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.
The post Stocks to Buy: 5 Stocks that can deliver returns of up to 70%; Do you own any? appeared first on Trade Brains.