Domestic benchmark gauges concluded the last trading session of the week in green, helped by metal, telecom and auto stocks. The Nifty 50 climbed 46.35 points or 0.25% to 18,534.10 and the Sensex advanced 118.57 points or 0.19% to 62,547.11.
In the meanwhile, here are seven stocks in which analysts see an upside of up to 65%:
Reliance Industries Ltd
Reliance Industries is one of the largest private sector companies in India and a Fortune 500 company. It has evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment as well as digital services.
Jefferies has a buy call on the shares of Reliance Securities with a target price of ₹ 3,125.00. This implies an upside of 27.28% as compared to the company’s share price of ₹ 2,455.25 apiece.
Aarti Industries Ltd
Aarti Industries Ltd manufactures and deals in speciality chemicals and pharmaceuticals. The company has more than 200 products including benzene products, toluene products, sulphuric acid products and other speciality chemicals.
HDFC Securities has a buy rating on the shares of Aarti Industries with a target price of ₹ 726.00. This translates into an upside of 41.38% as compared to the company’s share price of ₹ 513.50 apiece.
Balaji Amines Ltd
Balaji Amines specialises in manufacturing methylamines, ethylamines, derivatives of speciality chemicals and pharma excipients. Moreover, it is one of the largest manufacturers of aliphatic amines in India.
Nuvama (Edelweiss) has a buy call on the shares of the company with a target price of ₹ 3090.00. This indicates an upside of 44.39% as compared to the company’s share price of ₹ 2140.00 apiece.
Lemon Tree Hotels Ltd
Lemon Tree Hotels Ltd is the largest mid-priced and the third largest overall hotel chain in India. The hospitality company delivers differentiated yet superior service offerings, with a value-for-money proposition.
ICICI Securities has a buy call on the shares of the company with a target price of ₹ 137.00. This suggests an upside of 47.15% as compared to the company’s share price of ₹ 137.00 apiece.
Royal Orchid Hotels Ltd
Nuvama (Edelweiss) has a buy call on the shares of the company with a target price of ₹ 529.00. This indicates an upside of 54.03% as compared to the company’s share price of ₹ 343.45 apiece.
Sobha Ltd
Sobha is a Bengaluru-based real estate developer engaged in the construction and operation of townships, housing projects, commercial premises, and other related activities. Moreover, it is also engaged in manufacturing activities related to interiors, glazing and metal works, and concrete products.
ICICI Securities has a buy call on the shares of the company with a target price of ₹ 891.00. This suggests an upside of 56.99% as compared to the company’s share price of ₹ 891.00 apiece.
Ashoka Buildcon Ltd
Ashoka Buildcon is an infrastructure development company. It is engaged in the business of construction and maintenance of roads and operation of toll roads. Its contract-related activities include the construction of buildings, transport infrastructure, heavy civil infrastructure and power transmission and distribution projects.
HDFC Securities has a buy call on the shares of Ashoka Buildcon with a target price of ₹ 135.00. This translates to an upside of 65.14% as compared to its share price of ₹ 81.75 apiece on Friday.
Written by Simran Bafna
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