NSE, Vishal Mega Mart and 8 Other Stocks to Buy With Up to 64% Upside; Recommended by Emkay Global
Investors are keeping a close watch on a set of stocks identified by Emkay Global Financial Services for their growth potential. The brokerage has highlighted ten companies across diverse sectors, including financial services, retail, energy, healthcare, technology, real estate and auto components. The stocks include Mahindra & Mahindra Financial Services, NSE, Vishal Mega Mart, GAIL, Sagility, Pearl Global Industries, Dr Lal PathLabs, Sobha, Coforge and Samvardhana Motherson International.
According to the brokerage’s targets, these stocks offer upside potential of up to 64 percent from their respective market levels. In this article, we take a closer look at the ten companies, their businesses, and the price targets highlighted by Emkay Global Financial Services. Here are ten stocks recommended by Emkay Global Financial Services with a high growth potential of up to 64 percent:
Mahindra & Mahindra Financial Services Limited
With a market capitalization of Rs. 46,522.75 crore, the shares of Mahindra & Mahindra Financial Services Limited were currently trading at Rs. 334.65 per equity share, down nearly 1.57 percent from its previous day’s close price of Rs. 340 per equity share.
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Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Mahindra & Mahindra Financial Services Limited with a target price of Rs. 450 per share, indicating an upside potential of 34.47 percent from its current price of Rs. 334.65.
Mahindra & Mahindra Financial Services Limited is popularly referred to as Mahindra Finance, a diversified NBFC operating in India and having a large footprint in rural and semi-urban areas. The services offered by this NBFC include vehicle financing for tractors, cars, commercial vehicles and utility vehicles, SME finance, housing finance, personal loans, insurance broking, fixed deposits, and mutual fund distribution.
National Stock Exchange Of India Limited
With a market capitalization of Rs. 4,47,121.13 crore, the shares of National Stock Exchange Of India Limited were currently trading at Rs. 1,806.50 per equity share, down nearly 0.63 percent from its previous day’s close price of Rs. 1,818 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on National Stock Exchange of India Limited with a target price of Rs. 2,050 per share, indicating an upside potential of 13.48 percent from its current price of Rs. 1,806.50.
National Stock Exchange of India Limited (NSE) is one of the prominent market infrastructures of India, offering its services related to electronic trading and financial markets in several types of assets. The NSE was the first to initiate a screen-based trading facility in India in the year 1994. Its ecosystem involves equities, equity derivatives, and other financial assets along with its technological infrastructure.
Vishal Mega Mart Limited
With a market capitalization of Rs. 48,604.89 crore, the shares of Vishal Mega Mart Limited were currently trading at Rs. 103.75 per equity share, down nearly 1.38 percent from its previous day’s close price of Rs. 105.20 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Vishal Mega Mart Limited with a target price of Rs. 170 per share, indicating an upside potential of 63.86 percent from its current price of Rs. 103.75.
Vishal Mega Mart is a low-end retail brand in India that caters to the fashion, food, grocery, and general merchandise industry segments. Its main objective is to offer a wide variety of products at low prices, including fashion apparel, daily necessities, groceries, and household goods.
GAIL (India) Limited
With a market capitalization of Rs. 1,13,814.97 crore, the shares of GAIL (India) Limited were currently trading at Rs. 173.10 per equity share, down nearly 0.35 percent from its previous day’s close price of Rs. 173.70 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on GAIL (India) Limited with a target price of Rs. 200 per share, indicating an upside potential of 15.54 percent from its current price of Rs. 173.10.
GAIL (India) Limited is a Maharatna Public Sector Undertaking Energy Company and also one of the leading natural gas chain companies in India. It deals with natural gas transmission, natural gas marketing, LPG transmission and processing, petrochemicals, LNG procurement and regasification, city gas distribution, renewables and E&P.
Sagility Limited
With a market capitalization of Rs. 20,785.10 crore, the shares of Sagility Limited were currently trading at Rs. 44.40 per equity share, down nearly 0.35 percent from its previous day’s close price of Rs. 44.90 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Sagility Limited with a target price of Rs. 55 per share, indicating an upside potential of 23.87 percent from its current price of Rs. 44.40.
Sagility Limited is a technology company specializing in the provision of process solutions for health care organizations, including healthcare payers, providers, and pharmacy benefit managers in the United States. The company offers solutions to help organizations streamline their processes and become more efficient.
Pearl Global Industries Limited
With a market capitalization of Rs. 12,092.68 crore, the shares of Pearl Global Industries Limited were currently trading at Rs. 1,309 per equity share, rising nearly 0.35 percent from its previous day’s close price of Rs. 1,274.95 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Pearl Global Industries Limited with a target price of Rs. 1,400 per share, indicating an upside potential of 9.81 percent from its previous day’s close price of Rs. 1,274.95.
Pearl Global Industries Limited is an international company that focuses on providing clothing manufacturing and supply chain solutions and has its headquarters in India. The company was established in the year 1987 and specializes in the development and production of clothing for fashion brands in the international market along with supply chain solutions for product development, procurement, manufacturing and logistics.
Dr Lal Pathlabs Limited
With a market capitalization of Rs. 32,176.62 crore, the shares of Dr Lal Pathlabs Limited were currently trading at Rs. 1,917 per equity share, down nearly 2.30 percent from its previous day’s close price of Rs. 1,962.10 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Dr Lal Pathlabs Limited with a target price of Rs. 2,100 per share, indicating an upside potential of 9.56 percent from its current price of Rs. 1,917.
Dr Lal PathLabs Limited is one of the leading healthcare service providers in India, offering a variety of pathology tests and other diagnostic services. It was started by Dr Major S.K. Lal in the year 1949 as a pathology lab and a blood bank. Since then, the business has grown to become a network of diagnostic services that provides healthcare services through laboratories and collection centers.
Sobha Limited
With a market capitalization of Rs. 12,960.79 crore, the shares of Sobha Limited were currently trading at Rs. 1,212.05 per equity share, down nearly 1.42 percent from its previous day’s close price of Rs. 1,229.45 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Sobha Limited with a target price of Rs. 1,900 per share, indicating an upside potential of 56.76 percent from its current price of Rs. 1,212.05.
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Sobha Limited is an Indian real estate development firm established in 1995 by P.N.C. Menon. It is mainly involved in the residential sector, but it has diversified to other sectors such as commercial, contract, and manufacturing. The firm’s unique backward integration strategy allows it to control a number of processes related to the manufacturing process.
Coforge Limited
With a market capitalization of Rs. 79,093.74 crore, the shares of Coforge Limited were currently trading at Rs. 1,785.50 per equity share, down nearly 0.14 percent from its previous day’s close price of Rs. 1,788 per equity share
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Coforge Limited with a target price of Rs. 2,000 per share, indicating an upside potential of 12.01 percent from its current price of Rs. 1,785.50.
Coforge Limited is a multinational organization offering technology solutions to businesses in various sectors through its wide range of technology offerings that include artificial intelligence, cloud, data, engineering, digital transformation, and industry technology services. The organization pays particular attention to sectors such as Banking & Financial Services, Insurance, Travel, Healthcare & Life Sciences, and Hi-Tech.
Samvardhana Motherson International Limited
With a market capitalization of Rs. 1,71,978.69 crore, the shares of Samvardhana Motherson International Limited were currently trading at Rs. 162.95 per equity share, rising nearly 0.09 percent from its previous day’s close price of Rs. 162.80 per equity share.
Emkay Global Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Samvardhana Motherson International Limited with a target price of Rs. 190 per share, indicating an upside potential of 16.60 percent from its current price of Rs. 162.95.
Samvardhana Motherson International Limited (SAMIL) is an internationally renowned diversified manufacturing group that specializes in providing components for the automotive sector and other industries. Motherson provides solutions through design, engineering, manufacturing, and assembly for customers from different industries, including automotive. Motherson has developed an international manufacturing and engineering presence in several continents and countries.