The Benchmark Indices concluded Friday’s trading session positively, with the Sensex increasing by 447.05 points, or 0.52 percent, ending the day at 85,712.37. Meanwhile, the Nifty 50 index increased by 152.7 points, equivalent to a rise of 0.59 percent, and closed in the green at 26,186.45. Over the previous five trading sessions, the Sensex witnessed a decrease of 0.27 percent, while the Nifty 50 index declined by around 0.37 percent.
Below are six stocks that brokerages have recommended for a potential upside of up to 56 percent:
With a market capitalisation of Rs. 72,933.4 crores, the stock closed in the green at Rs. 1,693.25 on Friday. The analysts of brokerage firm Motilal Oswal Financial Services have issued a ‘buy’ rating for Prestige Estate Limited, setting a target price of Rs. 2,295 per share, indicating a potential upside of around 36 percent from Friday’s closing price.
Prestige Estates Projects Limited has a diversified business model across various segments, viz, Residential, Office, Retail, Hospitality, Property Management and Warehouses, with operations in more than 12 major locations in India.
With a market capitalisation of Rs. 8,540.5 crores, the stock closed in the red at Rs. 1,371 on Friday. The analysts of brokerage firm Geojit BNP Paribas have issued a ‘buy’ rating for Va Tech Wabag, setting a target price of Rs. 1,877 per share, indicating a potential upside of around 37 percent from Friday’s closing price.
VA Tech Wabag Limited, one of the world’s leading companies in the water treatment sector, is primarily engaged in the business of design, supply, installation, construction, operation and maintenance of drinking water, waste water treatment, industrial water treatment and desalination plants, including production of energy from biogas and sludge management.
With a market capitalisation of Rs. 5,996 crores, the stock closed in the green at Rs. 745 on Friday. The analysts of brokerage firm Choice Institutional Equities have issued a ‘buy’ rating for Supriya Lifescience, primarily engaged in the business of manufacturing bulk drugs and pharmaceutical chemicals, setting a target price of Rs. 1,030 per share, indicating a potential upside of around 38 percent from Friday’s closing price.
With a market capitalisation of Rs. 5,107 crores, the stock closed in the red at Rs. 447 on Friday. The analysts of brokerage firm Choice Institutional Equities have issued a ‘buy’ rating for Smartworks Coworking Spaces, setting a target price of Rs. 630 per share, indicating a potential upside of around 41 percent from Friday’s closing price.
Smartworks Coworking Spaces Limited is engaged in the business of developing and licensing fully serviced office spaces, including the rendering of related ancillary services.
With a market capitalisation of Rs. 40,792 crores, the stock closed in the red at Rs. 900.5 on Friday. The analysts of brokerage firm ICICI Securities have issued a ‘buy’ rating for Premier Energies, setting a target price of Rs. 1,320 per share, indicating a potential upside of around 47 percent from Friday’s closing price.
Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels. Its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.
With a market capitalisation of Rs. 6,743 crores, the stock closed in the red at Rs. 1,038.7 on Friday. The analysts of brokerage firm Prabhudas Lilladher have issued a ‘buy’ rating for Kirloskar Pneumatic Company, setting a target price of Rs. 1,620 per share, indicating a potential upside of around 56 percent from Friday’s closing price.
Kirloskar Pneumatic Company Limited is engaged in the business of compression & transmission products, primarily serving sectors of oil & gas, engineering, steel, cement, food & beverage by offering engineered products and solutions.
The compression segment is engaged in design, manufacture, supply and erection/commissioning of a wide range of air, gas and refrigeration compressors, packages & systems. Transmission products include design, manufacture and supply of railway traction gears and customised gearboxes for windmill, industrial and marine applications.
Written by Shivani Singh
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