The Benchmark Indices closed in the green on Friday, with the Sensex experiencing a gain of 75.71 points or 0.1 percent, ending the week at 73,961.31, and the Nifty 50 index up by nearly 0.2 percent or 42.05 points, to close at 22,530.7.
The Nifty 50 index moved down by 1.8 percent over the previous five trading sessions, while the Sensex declined by about 1.92 percent.
Following are the six stocks for which brokerages recommended an upside of up to 56 percent.
ACC Limited
With a market capitalisation of Rs. 47,970 crore, the share price of the stock moved up by nearly 3 percent on BSE to hit an intraday high at Rs. 2,569.5 in the trading session of Friday, compared to its previous closing price of Rs. 2,495.8.
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The analysts of brokerage firm ICICI Securities gave a ‘buy’ rating on ACC Limited with a target price of Rs. 3,272 apiece, representing a potential upside of 28 percent from the closing price of Rs. 2,554.45.
Formed in 1936, ACC Limited is a subsidiary of Ambuja Cements, a part of the Adani Group and one of India’s leading producers of cement and ready-mix concrete.
Inox Wind Limited
With a market capitalisation of Rs. 19,407 crore, the share price of the stock moved up by 2.8 percent on BSE to hit an intraday high at Rs. 149.6 in the trading session of Friday, compared to its previous closing price of Rs. 145.45.
The analysts of brokerage firm Nuvama Wealth and Investment Limited gave a ‘buy’ recommendation on Inox Wind with a target price of Rs. 193 apiece, representing a potential upside of 30 percent from the closing price of Rs. 148.85.
Inox Wind Limited, part of the INOX Group, is a fully integrated wind energy solutions provider, a pure-play renewable energy company and India’s leading wind energy solutions provider servicing IPPs, Utilities, PSUs, Corporates and Retail Investors.
Godrej Industries Limited
With a market capitalisation of Rs. 26,556.5 crore, the share price of the stock moved up by 1.8 percent on BSE to hit an intraday high at Rs. 817.95 in the trading session of Friday, compared to its previous closing price of Rs. 803.6.
The analysts of brokerage firm ICICI Securities gave a ‘buy’ recommendation on Godrej Industries with a target price of Rs. 1,030 apiece, representing a potential upside of nearly 31 percent from the closing price of Rs. 788.75.
Godrej Industries Limited, one of the Godrej Group’s holding companies, is engaged in the business of chemicals, agri inputs, estate and property development, vegetable oil, finance and investments, dairy, animal feeds, and other related activities.
CG Power and Industrial Solutions Limited
With a market capitalisation of Rs. 98,004 crore, the share price of the stock moved up by 1.8 percent on BSE to hit an intraday high at Rs. 658.75 in the trading session of Friday, compared to its previous closing price of Rs. 647.2.
The analysts of brokerage firm UBS assigned a new target price on CG Power with a target price of Rs. 850 apiece, representing a potential upside of 33 percent from the closing price of Rs. 641.65.
CG Power and Industrial Solutions Limited is engaged in the business of providing products, services, and solutions to utilities, industries, and consumers for the management and application of sustainable electrical energy.
Established in 1937, the company has two main business segments: Power Systems segment and Industrial Systems segment.
Varroc Engineering Limited
With a market capitalisation of Rs. 8,505.62 crore, the share price of the stock moved up by 2.7 percent on BSE to hit an intraday high at Rs. 563.5 in the trading session of Friday, compared to its previous closing price of Rs. 548.75.
The analysts of brokerage firm ICICI Securities gave a ‘buy’ recommendation on Varroc Engineering with a target price of Rs. 738 apiece, representing a potential upside of 33 percent from the closing price of Rs. 556.7.
Incorporated in 1988, Varroc Engineering Limited is a global technology powerhouse in manufacturing and supplying automotive components, renowned for technological prowess.
Delhivery Limited
With a market capitalisation of Rs. 28,373.2 crore, the share price of the stock moved up by 0.87 percent on BSE to hit an intraday high at Rs. 396 in the trading session of Friday, compared to its previous closing price of Rs. 392.55.
The analysts of brokerage firm ICICI Securities gave a ‘buy’ recommendation on Delhivery with a target price of Rs. 600 apiece, representing a potential upside of 56 percent from the closing price of Rs. 384.75.
Delhivery Limited is the largest fully integrated logistics provider in India and is engaged in offering services such as delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.
Written by Shivani Singh
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