Indian benchmark indices ended lower on February 28. At close, the Sensex was down 1,414.33 points or 2 percent at 73,198.10, and the Nifty was down 420 points or 2 percent at 22,124.70.
Here are the five stocks with upside potential of up to 42%:
1. Chalet Hotels
Chalet Hotels Limited is an India-based owner, developer, asset manager and operator of luxury hotels, including a serviced residence, located in the Mumbai metropolitan region, Hyderabad, Bengaluru, and Pune. The Company’s segments include Hospitality (Hotels), Real Estate, and Rental / Annuity Business.
With a market capitalization of Rs 16,386.34 crore, the shares closed at Rs 750.10 per share, increased around 2.66 percent as compared to the previous closing price.
ICICI Securities Limited, one of the well-known brokerages in India, gave a ‘Buy’ call on the hotel stock with a target price of Rs 1,017 apiece, indicating a potential upside of 35 percent from Friday’s closed price of Rs 750.10 per share.
2. Royal Orchid Hotels
Royal Orchid Hotels Limited is engaged in the business of operating and managing hotels/ resorts and providing related services, through its portfolio of hotel properties across the country. It’s hotels include Regenta Resort Vanya Mahal, Regenta Camellia Resort, and others..
With a market capitalization of Rs 969.21 crore, the shares closed at Rs 353.40 per share, decreased around 2.34 percent as compared to the previous closing price.
Edelweiss, one of the well-known brokerages in India, gave a ‘Buy’ call on the hotel stock with a target price of Rs 502 apiece, indicating a potential upside of 42 percent from Friday’s closed price of Rs 353 per share.
3. Federal Bank
The Federal Bank Limited is engaged in providing banking and financial services, including retail banking, corporate banking, foreign exchange business and treasury operations. It operates through three segments: Treasury, Corporate/Wholesale Banking and Retail Banking.
With a market capitalization of Rs 43,518.63 crore, the shares closed at Rs 177.30 per share, decreased around 0.64 percent as compared to the previous closing price.
BOB Capital Markets Ltd., one of the well-known brokerages in India, gave a ‘Buy’ call on the Bank stock with a target price of Rs 236 apiece, indicating a potential upside of 33 percent from Friday’s closed price of Rs 177 per share.
Also read: Why did Whirlpool of India crash over 60%? Here’s what you need to know
4. KEI Industries
KEI Industries Limited is an India-based manufacturer of wires and cables. The Company’s segments include Cables and Wires, Stainless Steel Wire, and Engineering, Procurement and Construction (EPC) Projects.
With a market capitalization of Rs 29,518.11 crore, the shares closed at Rs 3,089.20 per share, increased around 3.05 percent as compared to the previous closing price.
Geojit BNP Paribas, one of the well-known brokerages in India, gave a ‘Buy’ call on the cable stock with a target price of Rs 4,103 apiece, indicating a potential upside of 32 percent from Friday’s closed price of Rs 3,089.20 per share.
5. AU Small Finance Bank Ltd.
AU Small Finance Bank Limited is an India-based non-deposit accepting non-banking financial company (NBFC-ND). The Company is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations and other services.
With a market capitalization of Rs 42,132.48 crore, the shares closed at Rs 566.00 per share, increased around 1.63 percent as compared to the previous closing price.
ICICI Securities Limited, one of the well-known brokerages in India, gave a ‘Buy’ call on the bank stock with a target price of Rs 725 apiece, indicating a potential upside of 29 percent from Friday’s closed price of Rs 561 per share.
Written by Abhishek Singh
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