6 High-Potential Stocks to Buy for a 50% Upside
The Indian stock market has seen a downturn, but there are still solid opportunities for investors. Here are six stocks with strong potential for gains, each offering an upside of up to 50%.
Indian StocksHigh Potential StocksInvestment OpportunitiesMarket AnalysisStock RecommendationsReal Estate NewsOct 13, 2024
Vedanta Limited
Vedanta Limited, with a market capitalization of Rs. 1,94,503 Crores, is a diversified natural resource group involved in exploring, extracting, and processing minerals and oil & gas. The company's shares closed at Rs. 497.40 per equity share, up 1 percent from the previous day’s close price of Rs. 492.30. ICICI Securities has issued a 'Buy' recommendation for Vedanta with a target price of Rs. 600, indicating a potential upside of approximately 21 percent from the current market price.
Titan Company Limited
Titan Company Limited, a leader in the jewellery, watches, and eye care sectors, has a market capitalization of Rs. 3,08,497 Crores. The company closed at Rs. 3,474.90 per equity share, a 0.79 percent increase from the previous day’s close price of Rs. 3,447.60. Emkay Global has given a 'Buy' recommendation on Titan Company with a target price of Rs. 4400, suggesting a potential upside of about 27 percent from the current market price.
Genus Power Infrastructure Limited
Genus Power Infrastructure Limited, which manufactures and provides Meters and Metering Solutions, has a market capitalization of Rs. 12,190 Crores. The company's shares closed at Rs. 401.20 per equity share, down 0.46 percent from the previous day’s close price of Rs. 403.05. Emkay Global has recommended a 'Buy' on the stock with a target price of Rs. 500, indicating a potential upside of approximately 25 percent from the current market price.
Signatureglobal (India) Limited
Signatureglobal (India) Limited, a real estate development company focused on affordable and mid-segment housing, has a market capitalization of Rs. 20,849 Crores. The company's shares closed at Rs. 1,483.80 per equity share, down 1.66 percent from the previous day’s close price of Rs. 1,508.80. ICICI Securities has given a 'Buy' recommendation on the stock with a target price of Rs. 1,905, suggesting a potential upside of about 28 percent from the current market price.
Man Infraconstruction Limited
Man Infraconstruction Limited, an integrated Engineering, Procurement, and Construction (EPC) player with expertise in port, residential, commercial, industrial, and road construction, has a market capitalization of Rs. 7,000 Crores. The company's shares closed at Rs. 188.55 per equity share, down 0.08 percent from the previous day’s close price of Rs. 188.70. Axis Direct has issued a 'Buy' recommendation on the stock with a target price of Rs. 240, indicating a potential upside of approximately 28 percent from the current market price.
JK Paper Limited
JK Paper Limited, engaged in producing a wide range of papers and paper boards, has a market capitalization of Rs. 8,554 Crores. The company's shares closed at Rs. 505 per equity share, up 1.63 percent from the previous day’s close price of Rs. 496.90. IDBI Capital has given a 'Buy' recommendation on the stock with a target price of Rs. 750, suggesting a potential upside of about 49 percent from the current market price.
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FAQs
1. What is the current market capitalization of Vedanta Limited?
- Vedanta Limited has a market capitalization of Rs. 1,94,503 Crores.
2. What is the target price for Titan Company Limited as per Emkay Global?
- Emkay Global has set a target price of Rs. 4400 for Titan Company Limited.
3. What is the potential upside for Genus Power Infrastructure Limited?
- The potential upside for Genus Power Infrastructure Limited is approximately 25 percent.
4. Which company is recommended by ICICI Securities with a potential upside of 28 percent?
- ICICI Securities has recommended Signatureglobal (India) Limited with a potential upside of 28 percent.
5. What is the target price for JK Paper Limited as per IDBI Capital?
- IDBI Capital has set a target price of Rs. 750 for JK Paper Limited.
Frequently Asked Questions
What is the current market capitalization of Vedanta Limited?
Vedanta Limited has a market capitalization of Rs. 1,94,503 Crores.
What is the target price for Titan Company Limited as per Emkay Global?
Emkay Global has set a target price of Rs. 4400 for Titan Company Limited.
What is the potential upside for Genus Power Infrastructure Limited?
The potential upside for Genus Power Infrastructure Limited is approximately 25 percent.
Which company is recommended by ICICI Securities with a potential upside of 28 percent?
ICICI Securities has recommended Signatureglobal (India) Limited with a potential upside of 28 percent.
What is the target price for JK Paper Limited as per IDBI Capital?
IDBI Capital has set a target price of Rs. 750 for JK Paper Limited.
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