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Stocks to Buy: 6 Stocks to Buy Now with Up to 56% Potential Upside

Vaseline 1 month ago

Indian benchmark indices closed in the green on Friday with the Sensex gaining around 600 points to close at 73,088.33 and the Nifty 50 index gaining 152 points to close at 22,147. In the last five trading sessions, the Sensex fell around 2.10 per cent and the Nifty 50 index fell around 2.50 per cent.

Below are six stocks you should add to your portfolio for a potential upside of up to 56 percent:

Infosys Limited

With a market capitalization of Rs 5.86 lakh crores, shares of Infosys Limited, which provides consulting, technology, outsourcing and next-generation digital services, closed at Rs 1,411.60 on Friday, down about 0.60 percent compared to previous closing levels of Rs 1,420.55 per piece. .

Emkay Global gave a ‘Buy’ rating on the company’s stock with a target price of Rs 1,750, indicating a potential upside of around 24 percent compared to prevailing stock prices.

Tata Consultancy Services Limited

With a market capitalization of Rs 13.85 lakh crores, shares of Tata Consultancy Services Limited, a Tata Group company that provides IT services, consultancy and business solutions, closed at Rs 3,827.45 on Friday, down by around 0.90 percent compared to the previous closing levels of Rs. 3,863.50 each.

Sharekhan gave a buy rating on the company’s stock with a target price of Rs 4,750, indicating a potential upside of around 24.20 percent compared to prevailing stock prices.

Utkarsh Small Finance Bank Limited

With a market capitalization of Rs 6,043.72 crores, shares of Utkarsh Small Finance Bank Limited, which is engaged in providing banking and financial services, closed at Rs 54.97 on Friday, a gain of around 5 percent over previous closing levels of Rs 52.57 per piece.

ICICI Securities gave a buy rating on the company’s stock with a price target of Rs 70, indicating a potential upside of around 27 percent compared to prevailing stock prices.

Man Infrastructure Limited

With a market capitalization of Rs 7,725.72 crores, the shares of Man Infraconstruction Limited, an integrated EPC company with experience and execution capabilities in the field of

Commercial, industrial, road construction segments, etc. closed at Rs 208.10 on Friday, down around 0.80 percent from the previous closing levels of Rs 209.65 per piece.

Axis Direct gave a ‘Buy’ rating on the company’s stock with a target price of Rs 270, indicating a potential upside of around 30 percent compared to prevailing stock prices.

Hindustan Petroleum Corporation Limited

With a market capitalization of Rs 67,870.45 crores, shares of Hindustan Petroleum Corporation Limited, which is mainly engaged in crude oil refining and marketing of petroleum products, closed at Rs 478.45 on Friday, a gain of around 0. 30 percent compared to previous closing levels. of Rs 477.25 per piece.

ICICI Securities gave a buy rating on the company’s stock with a price target of Rs 635, indicating a potential upside of around 33 percent compared to prevailing stock prices.

Angel One limited

With a market capitalization of Rs 24,174.18 crores, shares of Angel One Limited, which is mainly into equity, commodity and currency brokerage, institutional brokerage, etc., closed at Rs 2,689 on Friday, down around 3.70 percent compared with the previous closing price. levels of Rs 2,792.05 per piece.

Motilal Oswal gave a ‘Buy’ rating on the company’s stock with a target price of Rs 4,200, indicating a potential upside of around 56 percent compared to prevailing stock prices.

Written by Amit Madnani

Disclaimer

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