Stock Recommendations: 6 Stocks to Buy for an Upside of Up to 60%

Stock Recommendations: 6 Stocks to Buy for an Upside of Up to 60%

Research houses have recommended 6 stocks that investors can consider for potential gains of up to 60%. Here are the details of these stocks:
1. Stock: TeamLease Services
Research House: Antique Stock Broking
Advice: Buy
Stock Price: Rs 2,453
1-year Target Price: Rs 3,800
Potential Upside: 54.9%
Comment: Rated as ‘buy’ due to expected improvement in GCC hiring, strong sales momentum, and inexpensive valuations.

2. Stock: Hindware Home Innovation
Research House: Yes Securities
Advice: Buy
Stock Price: Rs 559
1-year Target Price: Rs 803
Potential Upside: 43.6%
Comment: Initiating ‘buy’ on this stock due to its growth prospects in the sanitaryware and faucet industry.

3. Stock: BHEL
Research House: Nuvama
Advice: Buy
Stock Price: Rs 119
1-year Target Price: Rs 156
Potential Upside: 31.1%
Comment: ‘Buy’ rating based on new order inflows, expected acceleration in thermal capex, and better margins.

4. Stock: Hero MotoCorp
Research House: JM Financial
Advice: Buy
Stock Price: Rs 2,916
1-year Target Price: Rs 3,700
Potential Upside: 26.9%
Comment: Reiterated as ‘buy’ due to focus on product portfolio revamp, improved volumes, and expected increase in margins.

5. Stock: SKF India
Research House: ICICI Direct
Advice: Buy
Stock Price: Rs 5,099
1-year Target Price: Rs 6,400
Potential Upside: 25.5%
Comment: Well-positioned to benefit from strong demand for bearings and focus on high-growth sectors.

6. Stock: Axis Bank
Research House: Motilal Oswal
Advice: Buy
Stock Price: Rs 991
1-year Target Price: Rs 1,175
Potential Upside: 18.6%
Comment: Reiterated as ‘buy’ due to improving business productivity, steady asset quality, and performance of subsidiaries.

Investors looking for potential gains can consider investing in these stocks. However, it is always advised to do thorough research and consult with a financial advisor before making any investment decisions.

TIS Staff

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