Benchmark indices ended lower on Friday, but brokerages remain bullish on select stocks across sectors, with target prices implying upside potential of as much as 50%.
The Sensex fell 607 points, or 0.78%, to close at 76,803, while the Nifty 50 declined 154 points, or 0.64%, to settle at 24,013.
Here are five stocks that have received fresh buy recommendations from brokerages.
1. Pine Labs Ltd
Brokerage: Emkay
Rating: Buy
Pine Labs shares closed at Rs.152, compared with the previous close of Rs.149.8. The stock commands a market capitalisation of Rs.17,488 crore.
Emkay has assigned a target price of Rs.225 per share, implying a potential upside of around 50% from Friday’s closing level.
Pine Labs provides merchant commerce solutions, including:
- Point-of-sale (POS) systems
- Digital payment solutions
- Financing services
- Buy-now-pay-later offerings
Its services are used across retail outlets, fuel stations and e-commerce platforms in India and Southeast Asia.
2. Hyundai Motor India Ltd
Brokerage: ICICI Securities
Rating: Buy
Shares of Hyundai Motor India ended the session at Rs.1,979, up from Rs.1,975.70 in the previous close. The company has a market value of Rs.1.61 lakh crore.
ICICI Securities has set a target price of Rs.2,475, indicating an upside of nearly 25%.
Hyundai Motor India is one of the country’s largest passenger vehicle manufacturers. Its portfolio includes popular models such as:
- Creta
- Venue
- i20
The company has a strong presence in both passenger cars and SUVs.
3. Coforge Ltd
Brokerage: Motilal Oswal
Rating: Buy
Coforge shares closed at Rs.1,468, down from Rs.1,483 in the previous session. Its market capitalisation stands at Rs.63,123 crore.
Motilal Oswal has given the stock a target price of Rs.1,900, suggesting a potential upside of about 30%.
The IT services company offers:
- Digital transformation services
- Cloud solutions
- Data analytics
- Application development
It caters to sectors including banking, insurance, travel and government.
4. Aadhar Housing Finance Ltd
Brokerage: ICICI Securities
Rating: Buy
Aadhar Housing Finance shares settled at Rs.518, compared with the previous close of Rs.486.45. The company has a market capitalisation of Rs.22,656 crore.
ICICI Securities has fixed a target price of Rs.625, implying upside potential of around 20%.
The company focuses on affordable housing finance and primarily serves low- and middle-income customers, particularly in semi-urban and rural markets.
Its offerings include:
- Home loans
- Home improvement loans
- Other housing-related financing products
5. Bandhan Bank Ltd
Brokerage: IDBI Capital
Rating: Buy
Bandhan Bank shares ended at Rs.208, lower than the previous close of Rs.214. The lender’s market capitalisation stood at Rs.33,495 crore.
IDBI Capital has set a target price of Rs.262, indicating a potential upside of about 26%.
Bandhan Bank, which began as a microfinance institution, has expanded into a universal bank with operations spanning:
- Retail banking
- Microfinance
- SME lending
- Savings and deposit products
Upside Potential at a Glance
| Stock | Brokerage | Target Price | Potential Upside |
|---|---|---|---|
| Pine Labs | Emkay | Rs.225 | 50% |
| Coforge | Motilal Oswal | Rs.1,900 | 30% |
| Bandhan Bank | IDBI Capital | Rs.262 | 26% |
| Hyundai Motor India | ICICI Securities | Rs.2,475 | 25% |
| Aadhar Housing Finance | ICICI Securities | Rs.625 | 20% |
TL;DR:
Brokerages have recommended five stocks across fintech, auto, IT, housing finance and banking. Pine Labs carries the highest upside potential at 50%, followed by Coforge at 30%, according to target prices issued by Emkay and Motilal Oswal.
AI Summary:
- Emkay has a buy rating on Pine Labs with a target price of Rs.225.
- ICICI Securities is bullish on Hyundai Motor India and Aadhar Housing Finance.
- Motilal Oswal has recommended Coforge with a target price of Rs.1,900.
- IDBI Capital sees 26% upside in Bandhan Bank.
- The stocks span five sectors and offer upside potential of 20-50%.
