The Benchmark Indices concluded Friday’s trading session negatively, with the Sensex decreasing by 765.4 points, or 0.95 percent, ending the day at 79,857.79. Meanwhile, the Nifty 50 index decreased by about 232.8 points, equivalent to a fall of 0.95 percent, and closed in the red at 24,363.3. Over the previous five trading sessions, the Nifty 50 index experienced a fall of 0.82 percent, while the Sensex saw a decline of 0.92 percent.
Below are five stocks that brokerages have recommended for a potential upside of up to 55 percent:
EPL Limited
With a market capitalisation of Rs. 7,262.6 crores, the stock moved up by nearly 2 percent on BSE to close in the green at Rs. 227 on Friday. EPL Limited is engaged in the manufacture of plastic packaging material in the form of multilayer collapsible tubes, corrugated boxes, and laminates used primarily for packaging of consumer products in the beauty & cosmetics, health & pharmaceuticals, food, home, and oral care categories.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for EPL Limited, setting a target price of Rs. 320 per share, indicating a potential upside of around 41 percent from Friday’s closing price.
PVR INOX Limited
With a market capitalisation of Rs. 10,466.6 crores, the stock moved down by 0.24 percent on BSE to close in the red at Rs. 1,065.85 on Friday. PVR INOX Limited is engaged in the business of movie exhibition & production and operates the largest cinema network across India. It earns revenue from the sale of movie tickets, in-cinema advertisements/product displays, the sale of food and beverages, and the restaurant business.
The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for PVR INOX, setting a target price of Rs. 1,500 per share, indicating a potential upside of around 41 percent from Friday’s closing price.
Aarti Industries Limited
With a market capitalisation of Rs. 13,599 crores, the stock moved down by nearly 1 percent on BSE to close in the red at Rs. 375.1 on Friday. Aarti Industries Limited is engaged in the business of manufacturing and dealing in specialty chemicals and intermediates.
The analysts of brokerage firm Axis Direct have issued a ‘buy’ rating for Aarti Industries, setting a target price of Rs. 525 per share, indicating a potential upside of nearly 40 percent from Friday’s closing price.
Anant Raj Limited
With a market capitalisation of Rs. 18,340.4 crores, the stock moved down by nearly 2.3 percent on BSE to close in the red at Rs. 534.3 on Friday. Anant Raj Limited is primarily engaged in the development and construction of residential townships, group housing, commercial developments, IT parks, malls, office complexes, affordable housing, data centres, hospitality and serviced apartments in the northern part of India.
The analysts of brokerage firm Emkay Global Financial Services have issued a ‘buy’ rating for Anant Raj, setting a target price of Rs. 800 per share, indicating a potential upside of around 50 percent from Friday’s closing price.
Go Fashion Limited
With a market capitalisation of Rs. 3,823.8 crores, the stock moved down by nearly 0.2 percent on BSE to close in the red at Rs. 708 on Friday. Go Fashion (India) Limited is mainly engaged in the business of manufacturing and sale of apparel for women and kids.
The analysts of brokerage firm ICICI Securities Limited have issued a ‘buy’ rating for Go Fashion, setting a target price of Rs. 1,100 per share, indicating a potential upside of over 55 percent from Friday’s closing price.
Written by Shivani Singh
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