The Indian equity benchmarks, BSE Sensex and NSE Nifty 50, surged to an all-time high on Friday, driven by the performance of auto and financial stocks. The Nifty 50 reached a peak of 20,222.45 points during intraday trading, while the Sensex reached 67,927.23 points. These indices recorded their third consecutive weekly gain, while Midcap indices broke a three-week winning streak.
In the meantime, here are some stocks for which brokerages suggest a potential upside of as much as 50 percent:
Neogen Chemicals produces bromine and lithium-derived organic and organo-metallic compounds, which find applications in the pharmaceutical, agricultural chemicals, and engineering sectors.
HDFC Securities has assigned a buy rating to APL Apollo Tubes Ltd, setting a target price of ₹ 2,130.00. This indicates a potential upside of 22.84 percent in comparison to the company's current share price of ₹ 1,733.90.
APL Apollo Tubes Ltd is a prominent manufacturer of branded steel products in India. The company operates ten manufacturing facilities, producing a diverse range of products, including MS black pipes, galvanized tubes, pre-galvanized tubes, structural ERW steel tubes, and hollow sections, with a portfolio of over 1,500 varieties.
Sharekhan has upheld its buy rating for NCC Ltd, setting a target price of ₹ 2,000.00. This suggests a potential increase of 23.30 percent when compared to the company's current share price of ₹ 1,622.00.
NCC Ltd specializes in executing turnkey EPC contracts and BOT projects through public-private partnerships.
Geojit BNP Paribas maintains a buy rating for Samvardhana Motherson International Ltd, setting a target price of ₹ 184.00. This implies a potential upside of 26.46 percent when compared to the company's current share price of ₹ 145.50.
Samvardhana Motherson International Ltd specializes in the manufacturing and sale of components to automotive original equipment manufacturers.
Geojit BNP Paribas maintains a buy rating for the stock, setting a target price of ₹ 134.00. This indicates a potential upside of 36.04 percent in comparison to the company's current share price of ₹ 98.50.
Wonderla Holidays Ltd is involved in the amusement park and resort business, operating three amusement parks situated in Bangalore, Hyderabad, and Kochi.
ICICI Securities has assigned a buy rating to the stock, with a target price of ₹ 904.00. This implies a potential increase of 43.56 percent when compared to the company's current share price of ₹ 629.70.
Sobha Ltd is a real estate developer engaged in constructing townships, housing projects, commercial premises, and other related activities. Additionally, the company is involved in manufacturing operations related to interiors, glazing, metal works, and concrete products.
HDFC Securities has reaffirmed its buy rating for the stock, with a target price of ₹ 1,024.00. This signifies a potential upside of 49.92 percent relative to the company's current share price of ₹ 683.05.
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