Stocks to buy: 6 Stocks to buy now for an upside of up to 50%

The Indian stock market is currently facing substantial volatility, with both the BSE Sensex and Nifty 50 experiencing sharp declines. As of December 20, 2024, the Sensex dropped by over 1,000 points to around 78,170.96, while the Nifty 50 fell to approximately 23,637.75, reflecting a broader sell-off influenced by global market trends and concerns over the US Federal Reserve’s monetary policy. 

Here are 6 stocks to buy for an upside of 50 percent according to analysts during this market volatility: 

1. Bajaj Finserv Ltd 

With a market capitalization of Rs.2.5 lakh crore, Bajaj Finserv Ltd, an NBFC company that offers a range of financial products and services, saw its shares close at Rs.1,570.00 each on Friday, reflecting a decrease of 1.23 percent from the previous close. 

Sharekhan has recommended a “Buy” call on Bajaj Finserv Ltd with a target price of Rs.2,350 per share, indicating an upside potential of 50 percent. 

2. AWFIS Space Solutions Ltd 

With a market capitalization of Rs.5,029 crore, AWFIS Space Solutions Ltd, a workspace solution provider, saw its shares close at Rs.712.40 each on Friday, reflecting a decrease of 1.43 percent from the previous close. 

ICICI Securities has recommended a “Buy” call on AWFIS Space Solutions Ltd with a target price of Rs.1,049 per share, indicating an upside potential of 47 percent. 

3. Coal India Ltd 

With a market capitalization of Rs.2.35 lakh crore, Coal India Ltd, engaged in mining and production of Coal, saw its shares close at Rs.383.00 each on Friday, reflecting a decrease of 2.3 percent from the previous close. 

Sharekhan has recommended a “Buy” call on Coal India Ltd with a target price of Rs.560 per share, indicating an upside potential of 46 percent. 

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4. Shriram Pistons & Rings Ltd 

With a market capitalization of Rs.9,017 crore, Shriram Pistons & Rings Ltd, engaged in the manufacturing of pistons, saw its shares close at Rs.2,047.10 each on Friday, reflecting a decrease of 4.4 percent from the previous close. 

Emkay Global Financial Services has recommended a “Buy” call on Shriram Pistons & Rings Ltd with a target price of Rs.2,950 per share, indicating an upside potential of 44 percent.

5. Godrej Consumer Products Ltd 

With a market capitalization of Rs.1.09 lakh crore, Godrej Consumer Products Ltd, engaged in the manufacturing of pistons, saw its shares close at Rs.1,070.00 each on Friday, reflecting a decrease of 0.8 percent from the previous close. 

Anand Rathi has recommended a “Buy” call on Godrej Consumer Products Ltd with a target price of Rs.1,485 per share, indicating an upside potential of 39 percent. 

6. Tata Motors Ltd 

With a market capitalization of Rs.1.09 lakh crore, Tata Motors Ltd, a leading global automobile manufacturer, saw its shares close at Rs.724.30 each on Friday, reflecting a decrease of 2.65 percent from the previous close. 

LKP Securities has recommended a “Buy” call on Tata Motors Ltd with a target price of Rs.970 per share, indicating an upside potential of 34 percent. 

Written by – Siddesh S Raskar 

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