Brokerage houses have turned positive on several stocks across sectors, with some estimates implying upside potential of as much as 61% from current levels.
The recommendations come after Indian benchmark indices ended Friday’s session sharply higher. The Sensex gained 1,695.40 points, or 2.3%, to close at 75,527.95, while the Nifty 50 rose 461.30 points, or 1.99%, to 23,622.90.
Here are seven stocks that have received buy recommendations from brokerages.
Aurionpro Solutions Ltd
Business: Digital transformation and technology solutions provider.
- Brokerage: Choice Institutional Equities
- Rating: Buy
- Target price: ₹1,250
- Closing price: ₹774.95
- Potential upside: 61%
Aurionpro provides banking, mobility and cybersecurity solutions to clients across multiple industries.
Ajmera Realty & Infra India Ltd
Business: Residential and commercial real estate developer.
- Brokerage: ICICI Securities
- Rating: Buy
- Target price: ₹175
- Closing price: ₹121.70
- Potential upside: 44%
The company develops residential, commercial and mixed-use projects and has a strong presence in Mumbai.
ICICI Lombard General Insurance Company Ltd
Business: General insurance provider.
- Brokerage: Motilal Oswal
- Rating: Buy
- Target price: ₹2,240
- Closing price: ₹1,694.30
- Potential upside: 32%
ICICI Lombard offers health, motor, travel and commercial insurance products.
Lumax Auto Technologies Ltd
Business: Automotive components manufacturer.
- Brokerage: Anand Rathi
- Rating: Buy
- Target price: ₹2,150
- Closing price: ₹1,638.90
- Potential upside: 31%
The company supplies lighting systems, mirrors and electronic components to vehicle manufacturers.
Mahanagar Gas Ltd
Business: City gas distribution company.
- Brokerage: Motilal Oswal
- Rating: Buy
- Target price: ₹1,390
- Closing price: ₹1,093
- Potential upside: 27%
MGL supplies CNG and PNG in Mumbai and nearby regions.
Cera Sanitaryware Ltd
Business: Manufacturer of sanitaryware and bathroom fittings.
- Brokerage: Prabhudas Lilladher
- Rating: Buy
- Target price: ₹7,429
- Closing price: ₹6,191
- Potential upside: 20%
The company produces sanitaryware, faucets and ceramic products for domestic and international markets.
Delhivery Ltd
Business: Logistics and supply chain services provider.
- Brokerage: Geojit Financial Services
- Rating: Buy
- Target price: ₹517
- Closing price: ₹437.50
- Potential upside: 18%
Delhivery provides parcel transportation, warehousing and freight services and has built one of the country’s largest logistics networks.
Brokerage calls at a glance
| Stock | Brokerage | Target Price | Upside Potential |
|---|---|---|---|
| Aurionpro Solutions | Choice Institutional Equities | ₹1,250 | 61% |
| Ajmera Realty | ICICI Securities | ₹175 | 44% |
| ICICI Lombard | Motilal Oswal | ₹2,240 | 32% |
| Lumax Auto Technologies | Anand Rathi | ₹2,150 | 31% |
| Mahanagar Gas | Motilal Oswal | ₹1,390 | 27% |
| Cera Sanitaryware | Prabhudas Lilladher | ₹7,429 | 20% |
| Delhivery | Geojit Financial Services | ₹517 | 18% |
Highest implied upside
Among the stocks covered, Aurionpro Solutions carries the highest implied upside at 61%, followed by Ajmera Realty & Infra India with a potential upside of 44%.
TL;DR:
Brokerages have issued buy recommendations on seven stocks, including Delhivery, Mahanagar Gas and ICICI Lombard. Aurionpro Solutions tops the list with an implied upside potential of 61%.
AI summary:
- Seven stocks have received buy calls from brokerages.
- Aurionpro Solutions carries the highest upside estimate at 61%.
- Ajmera Realty follows with a potential upside of 44%.
- Delhivery received a target price of ₹517 from Geojit.
- Recommendations span technology, logistics, insurance and gas distribution.
