Oct 20 2023, 09:57
Stocks with ‘strong buy’ & ‘buy’ recos can rally over 15%:
Analysts are bullish on selective mid-cap stocks. One of the reasons could be the fact that while earning season has been one the expected lines but the strong negative reaction is largely in market is due to global market condition than domestic.
During the next few weeks, market breadth of the midcap segment would be a key indicator to watch. If the breadth remains positive then it would be a bullish indication. Otherwise, mid-cap stocks may see more pain both time and price wise.
Selected companies from different sectors. Unlike the past, this time the list is not dominated by companies from one particular sector. Making to the list are companies from infrastructure, small banks entertainment amongst others.
Mid Cap Upside Potential
MISSING: summary MISSING: current-rows.
Company Name Reco Analyst Count Upside Potential % MarketCap Rs Cr
Navin Fluorine Buy 23 30.3 18,225
G R Infraprojects Buy 14 20.3 11,639
HG Infra Engineering Buy 14 20.1 6,128
Gujarat State Petronet Buy 24 18.0 16,269
Bajaj Electricals Buy 19 17.6 12,924
PNC Infratech Strong Buy 17 17.3 9,401
Zee Entertainment Buy 20 17.2 24,661
Kajaria Ceramics Buy 28 16.0 20,172
Prince Pipes & Fittings Buy 11 15.6 7,764
Affle (India) Buy 12 15.5 14,207
Manappuram Finance Buy 18 15.4 12,041
The data is for NSE stocks and has been updated as on 18 Oct 2023.
Navin Fluorine International Limited is a company that is primarily focused on fluorine chemistry, which produces refrigeration gases, inorganic fluorides, specialty organofluorines.
G R Infraprojects Ltd. is a road engineering procurement and construction (EPC) company.
H.G. Infra Engineering Limited is a company engaged in construction, development, designing, and management of infrastructure projects.
Gujarat State Petronet Limited is a company, which is primarily engaged in transmission of natural gas through pipeline on an open access basis from supply points to demand centers and then distribution to end customers.
Bajaj Electricals Limited is a company that is primarily engaged in the marketing of various consumer household and industrial goods. The Company's segments include Consumer Products and Engineering & Projects.
PNC Infratech
Limited is an infrastructure construction, development and management company.
Zee Entertainment Enterprises
Limited is a company, which is engaged in the business of media and entertainment.
Kajaria Ceramics
Limited is engaged in manufacturing ceramic/vitrified tiles in India.
Manappuram Finance Limited is a non-banking financial company (NBFC).
Prince Pipes and Fittings Limited is a company. The Company is engaged in manufacturing of plastic pipes and fittings.
Affle (India) Limited is a global technology company, which offers a consumer intelligence platform that delivers consumer recommendations and conversions through relevant mobile advertising for brands and business-to-consumer companies globally.
source:et
Oct 21 2023, 10:23