Snapping a three-day losing streak, domestic benchmark indices closed in the green on Friday, led by technological and IT stocks. The Sensex closed at 61729.68 points, up 0.48 percent while the Nifty closed at 18,203.40 points, up 0.41 percent.
Meanwhile, here are 8 stocks to buy for an Upside of up to 51 percent
State Bank of India Ltd
The State Bank of India is an Indian Multinational, Public Sector banking and financial services statutory body. With a history spanning more than 200 years, it is India’s largest and oldest bank.
Jefferies has a buy rating on the stock with a target price of ₹ 760.00. This translates to an upside of 32.17 percent as compared to its closing price of ₹ 575.65 apiece on Friday.
Interglobe Aviation Ltd
Interglobe Aviation Ltd (Indigo) is India’s largest low-cost passenger airline with the highest market share. ICICI Securities has a buy call on the shares of the company with a price target of ₹ 3000.00. This translates to an upside of 32.89 percent as compared to its closing price of ₹ 2,257.45 apiece on Friday.
Jindal Stainless Ltd
Jindal Stainless Ltd is one of the largest manufacturers of Stainless Steel flat products, in Austenitic, Ferritic, Martensitic and Duplex grades in India used in a variety of industries like automobile, railways, construction, consumer goods and so on.
ICICI Securities has a buy call on the shares of the company with a price target of ₹ 390.00. This translates to an upside of 36.79 percent as compared to its closing price of ₹ 285.10 apiece on Friday.
Affle (India) Ltd
Affle is a multinational technology firm with a unique consumer intelligence platform that converts advertisements into suggestions and enables marketers to efficiently locate, interact with, attract, and convert both new and existing users into customers.
Axis Securities has a buy call on the shares of the company with a price target of ₹ 1250.00. This translates to an upside of 36.84 percent as compared to its closing price of ₹ 913.50 apiece on Friday.
Karur Vysya Bank Ltd
Karur Vysya Bank provides a variety of banking and financial services including commercial banking and treasury operations.
ICICI Securities has a buy call on the shares of the bank with a price target of ₹ 145.00. This translates to an upside of 38.56 percent as compared to its closing price of ₹ 104.65 apiece on Friday.
V.I.P. Industries Ltd
VIP Industries is engaged in the business of manufacturing and marketing of luggage, bags and accessories.
Prabhudas Lilladher has a buy call on the shares of the airline with a price target of ₹ 900.00. This translates to an upside of 43.18 percent as compared to its closing price of ₹ 628.6 apiece on Friday.
Nuvoco Vistas Corporation Ltd
Nuvoco Vista Corporation is one of the largest cement and concrete manufacturers in India. It offers a diversified range of products such as cement, Ready-mix Concrete (RMX), and modern building materials.
HDFC Securities has a buy call on the shares of Nuvoco Vistas Corporation with a target price of ₹ 475.00. This translates to an upside of 43.35 percent as compared to its closing price of ₹ 331.35 apiece on Friday.
Angel One Ltd
Angel One is a diversified financial services company that provides stock, commodity, currency and institutional broking.
HDFC Securities has a buy call on the shares of Angel One with a target price of ₹ 1800.00. This translates to an upside of 50.25 percent as compared to its closing price of ₹ 1,198.00 apiece on Friday.
Written by Simran Bafna
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. 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: 8 Stocks to BUY now for an upside of up to 51% appeared first on Trade Brains.
