In line with the market movement, most promising 6 stocks to buy now with a potential upside of up to 50 per cent are listed below:
Happiest Minds Technologies Limited
Founded in 2011, Happiest Minds Technologies enables companies to get business benefits of emerging technologies including mobility solutions, unified communication, analytics, Internet of things, and social media.
The company has a market cap of Rs 13, 617 crore, a mid-cap company. Latest stock price is Rs 894 down 1.06 per cent on Monday 8, Jan 24 compared to previous closing of Rs 910.
Axis Direct recommended a buy call on the target price of Rs 1,100 with a 21 per cent upside potential.
Mahindra & Mahindra Limited
Founded in 1945, Mahindra & Mahindra is engaged in design, manufacturing, and sale of automobiles based in Mumbai, India. The company has a market capitalization of Rs 200,830 crore, a large-cap company.
Latest stock price is Rs 1,615 down 1.63 per cent on Monday 8, Jan 24 compared to previous closing of Rs 1,641.70.
Motilal Oswal recommended a buy call on the target price of Rs 2,005 with a 22 per cent upside potential.
Gail (India) Limited
Gail (India) Limited, founded in 1984, is a Government of India initiative. The company is a unified natural gas company in India. The company has a market capitalization of Rs 1,05,726 crore, a large-cap company.
Latest stock price is Rs 161 down 1.80 per cent on Monday 8, Jan 24 compared to previous closing of Rs 163.55.
Motilal Oswal recommended a buy call on the target price of Rs195 with a 20 per cent upside potential.
Poonawala Fincorp Limited
Poonawala Fincorp is one of the leading non-banking finance companies (NBFC), that provides consumer and MSME finance in India.
The company has a market capitalization of Rs 35,258 crore, a large-cap company.
The current stock price is Rs 459 up 0.09 per cent on Monday 8, Jan 24 compared to previous closing of Rs 459.55.
Axis Security recommended a buy call on the target price of Rs 541 with an 18 per cent rise potential.
IIFL Finance Limited
IIFL Finance Limited provides home loans, business loans, gold loans, and microfinance. It is a Non-Banking Finance company (NBFC), with a market cap of Rs 23,693 crore.
It also engaged in capital market finance, and developer and construction finance.
The current stock price is Rs 621 down of 3.18 per cent on Monday 8, Jan 24 compared to previous closing of Rs 641.55.
Motilal Oswal recommended a buy call on the target price of Rs 800 with a 25 per cent upside potential.
I G Petrochemicals Limited
Established in 1988, IG Petrochemicals Limited is one of the leading producers of Phthalic Anhydride (PAN) and market leader with a 50 per cent market share in India.
The company is 2nd largest Phthalic Anhydride manufacturer in the world.
It has a market capitalization of Rs 1,590 crore, a small-cap company.
The current stock price is Rs 516 down 0.71 per cent on Monday 8, Jan 24 compared to previous closing of Rs 521.
Keynote Capitals recommended a buy call on the target price of Rs 819 with a 57 per cent upside potential.