After touching a new high in early trade on 9 February, the Indian index closed in the red mark with a slight decline and the 6-day rally has been halted. Here we have brought 6 such select stocks of different brokerage houses which can show you upside of 52% from the closing of 9 February 2021.
Syngene International- Brokerage: ICICIdirect
ICICI Direct has given a buy rating of Rs 700 on this stock, currently the stock is seen at Rs 585. ICICI Direct says that the stock may see an upside of 20 per cent. The company’s third-quarter results have been estimates. Currently, the company is doing business at its normal capacity and looks to be on track for growth. The management of the company has maintained the promise of double digit revenue growth keeping in mind factors such as increase in customer numbers, extensions to existing contracts. Further, the company may see good growth in business.
Mphasis | Brokerage: ICICIdirect
ICICI Direct has given a buy rating of Rs 1830 on this share and currently the stock is seen at Rs 1649.05. ICICI Direct says that the stock may see an upside of 11 per cent. The company has received very good deals in the last few quarters. Its market share has also seen an increase. Given this, the company’s business is expected to grow well.
Bandhan Bank | Brokerage: Emkay
On this stock, Emkay has given a target of Rs 500, giving a buy rating, the stock is currently seen at Rs 328.15. Emkay says that the stock may see an upside of 52 per cent. The bank has decided to diversify into another sector in view of the indecisiveness associated with the MFI business. The bank is venturing into relatively low-risk businesses such as barges and gold. Though this change will take some time, but it will further strengthen the bank’s business.
Birla Corporation | Brokerage: AnandRathi
AnandRathi has given a buy rating of Rs 1,039 on this stock and currently the stock is seen at Rs 821.40. AnandRathi says that the stock may see an upside of 26 per cent. The company has a capacity of 15.5 million tonnes of cement units in North, Central and East India, besides the company is in the process of setting up 25 million tonnes of units by FY25. Further, investors are expected to get good returns in this stock.
