Brokerages and research firms have recently upgraded targets and or ratings for several stocks under coverage. Listed below are 5 stocks that saw action today, gaining up to 10% and have received target upgrades this week with upside up to 33% to add to your wishlist. 

Kalpataru Projects International Ltd (“KPIL”):

The stock has been on an uptrend since July 2022, and currently trades at Rs. ~631 – 1% lower than Previous Close Rs. ~637, down from day high of Rs. ~642. The company has a market cap of Rs. ~10,260 crores. It has returned ~70% in a 1 year period and has decent financials indicated by a P score of 6. 

HDFC Securities in a report dated 11 August gave a “BUY” recommendation on KPIL, upgrading target to Rs. 837. The key rationale behind this is robust and growing order book and stable margins. The target represents a 31% upside from previous close and 33% upside from current price. 

KPIL provides engineering, procurement, and construction (EPC) services in India and internationally.

Grindwell Norton (“Grindwell”):

The stock has been on an uptrend since March 2023, and currently trades at Rs. ~2,264 ~4% higher than previous close Rs. ~2,180, down from day high of Rs. ~2,292. The company has a market cap of Rs. ~25,060 crores. It has returned ~332% in a 3 year period and has decent financials indicated by a P score of 5. 

Prabhudas Lillandher in a report dated 14 August gave a “BUY” recommendation on Grindwell, with a target of Rs. ~2604. The key rationale behind this is improving volumes & product mix. The target represents a 19% upside from previous close and 15% upside from current price. 

Grindwell manufactures and sells abrasives, ceramics, and plastic products in India and internationally.

ABB India Ltd (“ABB”): 

The stock has been on an uptrend since December 2022, and currently trades at Rs. ~4,285 flat compared to previous close Rs. ~4,299, down from day high of Rs. ~4,342. The company has a market cap of Rs. ~90,860 crores. It has returned ~361% in a 3 year period and has strong financials indicated by a P score of 8. 

Prabhudas Lillandher in a report dated 12 August gave a “ACCUMULATE” recommendation on ABB, with a target of Rs. ~5,013. The key rationale behind this is growing spending from core target verticals and margin expansion from premiumization. The target represents a 19% upside from previous close and from the current price. 

ABB develops and sells products and system solutions to utilities, industries, channel partners, and original equipment manufacturers in India and internationally.

V-Guard Industries Ltd (“V-Guard”):

The stock has been on an uptrend since February 2022, and currently trades at Rs. ~314 – 1% higher than previous close Rs. ~311, down from day high of Rs. ~320. The company has a market cap of Rs. ~13,650 crores. It has returned ~95% in a 3 year period and has below average financials indicated by a P score of 3. 

HDFC Securities in a report dated 10 August gave a “BUY” recommendation on V-Guard, upgrading target to Rs. 360. The key rationale behind this is widening presence in non-south markets, premiumization driving margin expansion from higher margin product mix. The target represents a 16% upside from previous close and 15% upside from current price. 

V-Guard manufactures and markets electric and electronic products in India and internationally.

KEC International Ltd (“KEC”): 

The stock has been on an uptrend since May 2023, and currently trades at Rs. ~645 flat compared to previous close Rs. ~647, down from day high of Rs. ~659. The company has a market cap of Rs. ~16,580 crores. It has returned ~105% in a 3 year period and has decent financials indicated by a P score of 5. 

Geojit in a report dated 16 August gave a “ACCUMULATE” recommendation on KEC, upgrading target to Rs. 703. The key rationale behind this is robust and growing order book and T&D execution paired with tapering off commodity prices. The target represents a 9% upside from previous close and the current price. 

KEC and its subsidiaries, engages in the engineering, procurement, and construction (EPC) business.

Written by Sandeep R

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 Stocks to Buy: 5 Stocks to buy now that can deliver returns of up to 33% appeared first on Trade Brains.