Markets are likely to remain in the consolidative range due to a lack of triggers in the near term. Also, lower participation from institutional investors due to upcoming year-end holidays would keep the markets lackluster.
Related Articles
On the sectoral front, sugar stocks are likely to remain in the limelight after the news is reported, the government might consider increasing the sugar export quota for the current 2022-23- Motilal Oswal Financial Services
As the sentiments in the markets have taken a turn after reaching new highs, here are 6 stocks recommended by analysts for an upside of up to 55%:
LTIMindtre Limited
ICICI Direct has a ‘Buy’ call on the Indian multinational information technology services and consulting company with a target price of Rs 5,800 per share which represents an upside of 33% from the current levels of Rs 4,350.
Astral Limited
Prabhudas Lilladher has a ‘Buy’ call on the plastic manufacturing company with a target price of Rs 2,800 per share which represents an upside of 36% from the current levels of Rs 2,052.
Oil & Natural Gas Corporation Limited
JM Financial has a ‘Buy’ call on the PSU Oil and Natural Gas company with a target price of Rs 205 per share which represents an upside of 39% from the current levels of Rs 147.
Century Plyboards India Limited
ICICI Securities Limited has a ‘Buy’ call on the Indian manufacturer and exporter of plywood with a target price of Rs 775 per share which represents an upside of 44% from the current levels of Rs 538.
GMM Pfaudler Limited
Anand Rathi has a ‘Buy’ call on the heavy engineering equipment manufacturing company with a target price of Rs 2,400 per share which represents an upside of 47% from the current levels of Rs 1,632.
Poonawalla Fincorp Limited
JM Financial has a ‘Buy’ call on the non-banking financial company with a target price of Rs 445 per share which represents an upside of 55% from the current levels of Rs 288.
Written by Anoushka Roy
Disclaimer
The content in this news article is not investment advice. 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.
The post Top Stock Picks: 6 Stocks to BUY for a potential upside of up to 55% appeared first on Trade Brains.
