The Benchmark Indices are trading in the red today with the Sensex losing around 193 points and currently standing at Rs 62,594.19. Moreover, the Nifty 50 index loses around 50 points and stands at Rs 18,544.50.
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In contrast to the movements shown above, listed below are 2 Small-cap stocks to buy now for an upside of 65 percent:
Lemon Tree Hotels Limited
Lemon Tree Hotels Limited owns as well as operates a wide chain of business and leisure hotels in India. It operates the hotels under the brands Lemon Tree Hotels, Lemon Tree Premier, and Redfox Hotels.
The company’s shares are currently trading at Rs 93.50, down around 0.40 percent as compared to the previous closing price of Rs 93.85. It has a market capitalization of Rs 7,407 crores.
ICICI Securities gave a ‘Buy’ tag to the stock with a target price of Rs 137 indicating an upside of around 47 percent as compared to the prevailing price.
Royal Orchid Hotels Limited
Royal Orchid Hotels Limited is a company based in India that is involved in food service & accommodation service activities such as resorts, hotels, etc. It operates hotels in different parts of the country including Bangalore, Chennai, Kolkata, Goa, and many other places.
The company’s shares are currently trading at Rs 332.65, down around 0.20 percent as compared to the previous closing price of Rs 333.05. It has a market capitalization of Rs 912 crores.
Nuvama gave a ‘Buy’ tag to the stock with a target price of Rs 549 indicating an upside of around 65 percent as compared to the prevailing price.
Written by Amit Madnani
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