Top Stock Picks: 8 Stocks to BUY now for an upside of up to 89% 

Aug 05, 2023

by Trade Brains | May 28, 2023 | 3:30 pm | News, Trending News | 0 comments

The headline gauges soared on Friday. The fifty-pack Nifty 50 touched a fresh high for the calendar year 2023, crossing the 18,500 mark. However, it settled at and settled at 18,499.35 points. The thirty-share Sensex climbed 1.02% to settle at 62,501.69 points. Broader markets and sectoral indices also clocked sharp gains to settle in the green.

Meanwhile, here are eight stocks in which the brokerages recommend an upside of up to 89%:

NMDC is engaged in the exploration and production of iron ore along with diamond, the production and sale of sponge iron and the generation and sale of wind power. Motilal Oswal has a buy rating on the shares of NMDC with a target price of ₹ 135.00. This translates to an upside of 26.76% as compared to the company's share price of ₹ 106.50.

TTK Prestige is among the leading brands in the kitchen equipment space, especially in the pressure cooker segment. In fact, it is India's largest kitchenware company. ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 900.00. This implies an upside of 30.81% as compared to the company's share price of ₹ 688.00.

Galaxy Surfactants is a leading manufacturer of performance surfactants and speciality care products with over 205 product grades for home and personal care. HDFC Securities has a buy rating on the stock with a target price of ₹ 3415.00. This represents an upside of 34.82% as compared to the company's share price of ₹ 2,533.00.

Oil India Ltd is engaged in the exploration, development and production of crude oil and natural gas, transportation of crude oil and production of LPG. Moreover, it provides various E&P-related services for oil blocks. ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 370.00. This indicates an upside of 42.01% as compared to the company's share price of ₹ 42.01.

Somany Ceramics is engaged in the manufacturing and trading of decor solutions, including ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware, bath fittings and allied products. ICICI Securities has a buy rating on the stock with a target price of ₹ 896.00. This suggests an upside of 44.05% as compared to the company's share price of ₹ 622.00.

Wonderla Holidays is engaged in the business of Amusement Parks and Resorts. It has a presence in Bangalore, Hyderabad and Kochi. ICICI Securities has maintained a buy rating

on the stock with a target price of ₹ 738.00. This hints at an upside of 50.61% as compared to the company's share price of ₹ 490.00.

Dilip Buildcon is in the business of development of infrastructure facilities on an Engineering Procurement and Construction basis (EPC) and undertakes contracts from various Governments and other parties and special purpose vehicles promoted by the Company. HDFC Securities has a buy rating on the stock with a target price of ₹ 257.00. This signifies an upside of 52.21% as compared to the company's share price of ₹ 168.85.

Shyam Metalics is one of the largest integrated metal-producing companies with a focus on long steel products and ferroalloys. ICICI Securities has maintained a buy rating on the stock with a target price of ₹ 570.00. This connotes an upside of 88.09% as compared to the company's share price of ₹ 303.05.

Written By Simran Bafna

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

To stay updated with the Latest Stock Market news, download our app here!

For editorial purposes, contact [email protected]

Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!

No related posts.

Your email address will not be published. Required fields are marked *

Comment *

Name *

Email *

Website

Save my name, email, and website in this browser for the next time I comment.