6 Stocks to buy now for an upside of upto 50%; Do you own any?

Spread the love

6 Stocks to buy now for an upside of upto 50%; Do you own any?

The Benchmark Indices concluded Friday’s trading session positively, with the Sensex increasing by 230 points, or nearly 0.3 percent, ending the day at 80,234.08.

Meanwhile, the Nifty 50 index increased by about 80.4 points, equivalent to a rise of nearly 0.33 percent, and closed in the green at 24,274.9.

Over the previous five trading sessions, the Nifty 50 index experienced a growth of about 3.22 percent, while the Sensex saw a growth of around 3.4 percent.

Below are six stocks that brokerages have recommended for a potential upside of up to 50 percent:

1. Kolte-Patil Developers Limited

With a market capitalisation of Rs. 2,805.7 crores, the shares of a leading Pune-based real estate player moved up by nearly 1.5 percent on BSE to Rs. 371.1 on Friday.

The analysts of brokerage firm HDFC Securities have issued a ‘buy’ rating for Kolte-Patil Developers, setting a target price of Rs. 480 per share, indicating a potential upside of nearly 30 percent from Friday’s closing price of Rs. 369.15.

Incorporated in 1991, Kolte-Patil Developers Limited is primarily engaged in the business of construction of residential, commercial, and IT Parks, along with renting immovable properties and providing project management services for managing and developing real estate projects.

2. Ambuja Cements Limited

With a market capitalisation of Rs. 1.3 lakh crores, the shares of one of India’s largest cement and building materials company moved up by nearly 4.6 percent on BSE to Rs. 536.05 on Friday.

The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Ambuja Cements, setting a target price of Rs. 710 per share, indicating a potential upside of nearly 34 percent from Friday’s closing price of Rs. 531.8.

Ambuja Cements Limited, a member of the Adani Group, is engaged primarily in the business of manufacturing and marketing cement and cement-related products.

3. Galaxy Surfactants Limited

With a market capitalisation of Rs. 9,990.8 crores, the shares of a leading manufacturer of performance surfactants and specialty care products moved up by nearly 1 percent on BSE to Rs. 2,832.45 on Friday.

The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Galaxy Surfactants, setting a target price of Rs. 3,865 per share, indicating a potential upside of nearly 37 percent from Friday’s closing price of Rs. 2,817.9.

Galaxy Surfactants Limited is engaged in the business of manufacturing surfactants and other specialty ingredients for the personal care and home care industries. The products of the company find application in a host of consumer-centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products.