Stocks to buy this week: 5 stocks to watch out for an upside of up to 39.2%
Research House: Kotak Securities
Advice: Buy
Stock Price: Rs 1,537
1-year Target Price: Rs 2,140
Potential Upside: 39.2%
Comment: Initiate with ¡®buy¡¯ as a healthy growth in the two-wheeler industry is expected to support future performance. Increasing LED adoption in the two-wheeler segment, focus on four-wheeler LED lighting, strong balance sheet and healthy return ratios are the key positives.
Research House: ICICI Securities
Advice: Buy
Stock Price: Rs 1,410
1-year Target Price: Rs 1,905
Potential Upside: 35.1%
Comment: Retain ¡®buy¡¯ due to its strong portfolio of ongoing and upcoming projects, growth opportunities beyond Gurugram (Noida), and a unique business model that focuses on reinvesting surplus for growth.
Research House: Equirus Securities
Advice: Long
Stock Price: Rs 674
1-year Target Price: Rs 900
Potential Upside: 33.5%
Comment: Maintain ¡®long¡¯ due to its focus on high-value products, better utilisation of capacities and tailwinds from Vertellus closure. Also, focus on large contracts is expected to boost performance in the future.
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Research House: Antique Stock Broking
Advice: Buy
Stock Price: Rs 324
1-year Target Price: Rs 2,140
Potential Upside: 39.2%
Comment: Retain ¡®buy¡¯ due to its healthy and diversified order book, which provides strong revenue visibility for the next two years. Strong execution and reasonable valuations are other positives.
Research House: Centrum Broking
Advice: Buy
Stock Price: Rs 487
1-year Target Price: Rs 592
Potential Upside: 21.6%
Comment: Maintain ¡®buy¡¯ despite near-term weakness as its focus on innovation, premiumisation and cost optimization measures will support performance in the future. Emphasis on supply chain efficiencies and significant growth in the e-commerce channel will drive growth.