Benchmark indices opened on a positive note today. The Sensex was up 446.07 points or 0.83% at 54206.85, and the Nifty was up 139.70 points or 0.87% at 16188.90. The broader markets also opened in green.
Amid the rising markets, here are some of the stocks recommended by brokers for an upside of up to 40%.
MM Forgings Ltd
ICICI Direct has a buy call on MM Forgings Ltd for 12-18 Months. It is engaged in manufacturing Steel Forgings in raw, semi-machined and fully machined stages in various grades of Carbon, Alloy, Micro-Alloy, and Stainless steel.
- CMP: ₹ 887
- Target: ₹ 1250
- Upside: 41%
Laurus Labs Ltd
ICICI Direct has a buy call on Laurus Labs Ltd for 12-18 Months. It is an Indian multinational pharma and biotech company with a significant focus area including active pharma ingredients, finished dosage forms, synthesis, and biotechnology.
- CMP: ₹510
- Target: ₹690
- Upside: 36%
Tech Mahindra Ltd
Kotak Securities has a buy call on Tech Mahindra Ltd. It is an Indian multinational information technology services and consulting company that is a part of the Mahindra Group.
- CMP: ₹1,018
- Target: ₹1300
- Upside: 30%
Sbi Life Insurance Company Ltd
Kotak Securities has a buy call on Sbi Life Insurance Company. It is an Indian life insurance company that was started as a joint venture between the State Bank of India (SBI) and French financial institution BNP Paribas Cardif.
- CMP: ₹ 1,151
- Target: ₹ 1500
- Upside: 31%
Aster DM Healthcare Ltd
ICICI Direct has a buy call on Aster DM Healthcare Ltd for 12-18 Months. It is an Indian conglomerate health care provider which operates hospitals, diagnostic centers, medical centers, and pharmacies in India and the Middle East.
- CMP: ₹ 215
- Target: ₹ 270
- Upside: 26%
