Stock Recommendations with Potential Upside of up to 58% from Brokerages
The stock market witnessed a downward trend on Friday, with both the Sensex and Nifty 50 indices closing in the red. The Sensex fell by 738.81 points, nearly 0.9 percent, ending the day at 80,604.65, while the Nifty 50 index closed lower by 269.95 points, a decrease of nearly 1.09 percent, to close at 24,530.9.
Despite the overall negative trend, there were six stocks that caught the attention of brokerages, with recommendations for potential upside ranging up to 58 percent. One such stock is L&T Technology Services, with a market capitalization of Rs. 51,481.2 crore. Analysts at Motilal Oswal recommended a ‘buy’ rating on the company, with a target price of Rs. 5,950 per share, representing a potential upside of nearly 22 percent from Friday’s closing price.
Another stock that garnered attention was JSW Infra, with a market capitalization of Rs. 66,297 crore. Brokerage firm Motilal Oswal recommended a ‘buy’ rating on JSW Infra, with a target price of Rs. 390 per share, indicating a potential upside of nearly 24 percent.
Persistent Systems, with a market capitalization of Rs. 70,475.6 crore, also received a ‘buy’ rating from global brokerage firm Bernstein. The target price for Persistent Systems was set at Rs. 5,920 per share, representing a potential upside of nearly 30 percent.
Other stocks that received positive recommendations include L&T Finance, Ujjivan Small Finance Bank, and Angel One, with potential upsides of up to 58 percent.
These recommendations highlight the potential for growth in these companies despite the overall market downturn. Investors may want to consider these stocks for potential opportunities in the market.
