“Bulls dominated Dalal Street, with the indices parked near record highs, supported by favourable triggers like FII buying, a drop in crude prices, a falling dollar index, and declining bond yields.”
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Going ahead, the lack of strong fundamental triggers will limit the Upside, keeping the market volatile in the short term. The Fed Chair’s speech, which is scheduled for next week, and the release of other significant macroeconomic data will influence the market’s future trajectory.” Geojit Financial services
Amid the rising markets, here are 7 stocks recommended by analysts for an upside of up to 71%:
ICICI Lombard General Insurance Company
Emkay Global has a ‘Buy’ call on the general insurance company with a target price of Rs 1,470 per share which represents an upside of 28% from the current levels of Rs 1,155.
Oil India Limited
Emkay Global has a ‘Buy’ call on the Oil company with a target price of Rs 270 per share which represents an upside of 36% from the current levels of Rs 199.
Max Financial Services
Emkay Global has a ‘Buy’ call on India’s largest non-bank, private life insurance company with a target price of Rs 930 per share which represents an upside of 40% from the current levels of Rs 665.
Gujarat State Petronet Ltd
ICICI Securities has a ‘Buy’ call on the natural gas company with a target price of Rs 400 per share which represents an upside of 44% from the current levels of Rs 279.
Life Insurance Corporation of India
ICICI Securities has a ‘Buy’ call on the largest life insurance company with a target price of Rs 917 per share which represents an upside of 47% from the current levels of Rs 627.
GAIL (India)
ICICI Securities has a ‘Buy’ call on the Petroleum and Natural Gas company with a target price of Rs 137 per share which represents an upside of 48% from the current levels of Rs 93.
HG Infra Engineering Ltd
HDFC Securities is bullish on the Road Infrastructure Company and has a ‘Buy’ tag with a target price of Rs 1,013 per share which represents an upside of 71% from the current levels of Rs 592.
Written by Anoushka Roy
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