On the wake of India’s positive summit ongoing at the SCO Summit in China, Nifty 50 index increased by about 116 points, equivalent to a rise of 0.47percent, and Nifty Bank increased by 265.40 points, or 0.49 percent. Over the previous five trading sessions, the Nifty 50 index experienced a fall of 1.04 percent, while Bank Nifty saw a decline of 1.30 percent.
Below are five stocks that brokerages have recommended for a potential upside of up to 46 percent:
1. Five-Star Business Finance
With a market capitalisation of Rs. 16,208 crores, the stock moved up by 0.98 percent on BSE on Monday. Five-Star Business Finance Limited is an NBFC in India that provides secured small business and mortgage loans to micro-entrepreneurs and self-employed individuals. It supports various needs like business expansion, home renovation, healthcare, marriage, and education, focusing mainly on underserved segments in semi-urban and rural areas.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Five-Star Business Finance, setting a target price of Rs. 800 per share, indicating a potential upside of around 45 percent from Monday’s closing price.
2. 360 One Wam
With a market capitalisation of Rs. 41,150 crores, the stock moved up by 1.46 percent on BSE on Monday. 360 One Wam Limited, along with its subsidiaries, offers wealth and asset management services in India.
Through its Wealth Management and Asset Management segments, the company provides financial product distribution, advisory, portfolio management, estate planning, and investment solutions. It serves professionals, entrepreneurs, corporate treasuries, family offices, and high-net-worth individuals.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for 360 One Wam Finance, setting a target price of Rs. 1,450 per share, indicating a potential upside of around 40 percent from Monday’s closing price.
3. Angel One
With a market capitalisation of Rs. 20,429 crores, the stock moved up by 2.80 percent on BSE on Monday. Angel One Limited is a financial services company offering broking, advisory, and investment solutions. It provides trading in equities, commodities, derivatives, and currencies, along with services like IPO applications, mutual funds, insurance, and portfolio management through its digital platforms.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Angel One, setting a target price of Rs. 3,100 per share, indicating a potential upside of around 37 percent from Monday’s closing price.
4. CEAT
With a market capitalisation of Rs. 12,726 crores, the stock moved up by 0.41 percent on BSE on Monday. CEAT Limited manufactures and sells automotive tyres, tubes, and flaps in India and globally.
It offers a wide range of tyres for two-wheelers, passenger cars, commercial vehicles, off-highway vehicles, and tractors, catering to both OEMs and retail customers through dealers, distributors, and online platforms.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for CEAT, setting a target price of Rs. 4,393 per share, indicating a potential upside of around 39 percent from Monday’s closing price.
5. Equitas Small Finance Bank
With a market capitalisation of Rs. 5,829 crores, the stock moved up by 1.4 percent on Monday. Equitas Small Finance Bank Limited offers banking services, including savings accounts, deposits, loans, insurance, and investment products. It serves individuals, corporates, MSMEs, and NRIs through its branches, ATMs, and digital platforms.
The analysts of brokerage firm Motilal Oswal have issued a ‘buy’ rating for Equitas Small Finance Bank, setting a target price of Rs. 70 per share, indicating a potential upside of around 37 percent from Monday’s closing price.
Written by Satyajeet Mukherjee
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 CEAT, Angel One & 3 other stocks to buy now for an upside of up to 45%; Do you own any? appeared first on Trade Brains.