Indus Towers and four other promising stocks for potential gains of up to 59%. Have you already added any of these to your portfolio?

Indus Towers and four other promising stocks for potential gains of up to 59%. Have you already added any of these to your portfolio?

Indus Towers: Indian benchmark indices closed lower on January 17, with the Nifty hovering around 23,199.45. The Sensex ended the day down 427 points or 0.55 percent at 76,615.71, while the Nifty was down 112.35 points or 0.47 percent at 23,202.65.

Here are two stocks showing potential for growth of up to 59%:

1. Aurobindo Pharma
Aurobindo Pharma Limited is a company that manufactures and markets active pharmaceutical ingredients, branded medications, generic pharmaceuticals, and related services. Their product portfolio covers seven therapeutic/product categories, including central nervous systems (CNS) and antiretrovirals (ARVs).

With a market capitalization of Rs 67,579.17 crore, Aurobindo Pharma’s shares closed at Rs 1,163.55 per share, showing an increase of around 0.60 percent compared to the previous closing price. Axis Securities, a prominent brokerage in India, has given a ‘Buy’ recommendation on the pharma stock with a target price of Rs 1,500 per share, indicating a potential upside of 30% from the closing price of Rs 1,162 per share on Friday.

2. HCL Technologies
HCL Technologies offers a comprehensive range of services, including software-led IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO), with a focus on transformational outsourcing.

With a market capitalization of Rs 4.83 lakh crore, HCL Technologies’ shares closed at Rs 1,780.00 per share, showing a decrease of around 0.60 percent compared to the previous closing price. Motilal Oswal Financial Services, a renowned brokerage in India, has given a ‘Buy’ recommendation on the IT stock with a target price of Rs 2,400 per share, indicating a potential upside of 35%

3. Just Dial
Justdial is a leading local search engine company in India, providing local search-related services to people across the country through various platforms. These platforms include apps for Android and iOS, mobile websites, desktop/PC, audio, and text.

The company has a market capitalization of Rs 7,679.14 crore, with shares closing at Rs 903.00 per share, representing an increase of approximately 0.80 percent from the previous closing price. JM Financial, a reputable brokerage in India, has recommended a ‘Buy’ call on the stock with a target price of Rs 1,220 per share, indicating a potential upside of 35 percent from the closing price on Friday.

4. Senco Gold
Senco Gold Limited specializes in gold and diamond jewelry, as well as silver, platinum, precious and semi-precious stones, and other metals. The company also offers costume jewelry, gold and silver coins, and silver cutlery.

With a market capitalization of Rs 8,400.70 crore, the shares closed at Rs 1,026.95 per share, showing a decrease of around 1.88 percent from the previous closing price. Motilal Oswal Financial Services, a well-known brokerage in India, has given a ‘Buy’ call on the gold stock with a target price of Rs 1,450 per share, indicating a potential upside of 41 percent from Friday’s closing price of Rs 1,027 per share.

5. Indus Towers
Indus Towers Limited is a prominent Indian provider of telecom infrastructure, specializing in building, owning, and managing telecom towers and communication infrastructure for various mobile providers. The company offers tower, power, and space solutions, as well as services related to smart cities, a tower operations center, and green technologies.

With a market capitalization of Rs 95,501.49 crore, the shares closed at Rs 362.00 per share, showing an

CLSA, one of the well-known brokerages in India, gave a ‘Buy’ call on the Telecom stock with a target price of Rs 575 apiece, indicating a potential upside of 59 percent from Friday’s closed price of Rs 363 per share. 

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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.