Stocks to Buy: SBI and 4 other stocks to buy now for an upside of up to 50%

Indian benchmark indices ended higher on March 19 with Nifty above 22,900. At close, the Sensex was up 147.79 points or 0.20 percent at 75,449.05, and the Nifty was up 73.30 points or 0.32 percent at 22,907.60. 

Here are the five stocks with upside potential of up to 50%:

1. Supreme Industries 

Supreme Industries Limited engages in four business segments: plastic pipe goods, industrial products, packaging products, and consumer products. Its goods are divided into several categories, including Plastic Piping Systems, Consumer goods, Industrial Products, and Packaging Products. With a market capitalization of Rs 43,542 crore, the shares closed at Rs 3,430 per share, increased around 0.19 percent as compared to the previous closing price. 

BOB Capital Markets Ltd., one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 5,150 apiece, indicating a potential upside of 50 percent from Wednesday’s closing price of Rs 3,430 per share. 

2. Can Fin Homes 

Can Fin Homes Limited is engaged in corporate insurance agency business activity. The Company offers various types of housing loans, such as individual housing loans, affordable housing loans, composite loans, and top-up loans. With a market capitalization of Rs 8,788.17 crore, the shares closed at Rs 660.00 per share, increased around 3 percent as compared to the previous closing price. 

Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 850 apiece, indicating a potential upside of 28 percent from Wednesday’s closing price of Rs 660 per share. 

Also read: Dynamic Services hits 5% upper circuit after receiving order from West Bengal Govt

3. Mold-Tek Packaging 

Mold-Tek Packaging Limited is an India-based holding company. The Company is engaged in the manufacturing of injection molded containers for lubes, paints, food, and other products. It operates through the packaging containers segment. With a market capitalization of Rs 1,452.10 crore, the shares closed at Rs 437.00 per share, decreased around 0.33 percent as compared to the previous closing price. 

Axis Direct, one of the well-known brokerages in India, gave a ‘Buy’ call on the stock with a target price of Rs 600 apiece, indicating a potential upside of 37 percent from Wednesday’s closing price of Rs 437 per share.

4. State Bank of India 

State Bank of India is engaged in providing a wide range of products and services to individuals, commercial enterprises, corporations, public bodies, and institutional customers. The The company’s segments include Treasury, Corporate/Wholesale Banking, Retail Banking, Insurance Business, and Other Banking Business. With a market capitalization of Rs 6.6 lakh crore, the shares closed at Rs 745.55 per share, increased around 1.09 percent as compared to the previous closing price. 

Sharekhan, one of the well-known brokerages in India, gave a ‘Buy’ call on the bank stock with a target price of Rs 980 apiece, indicating a potential upside of 31 percent from Wednesday’s closing price of Rs 745 per share. 

5. Bharti Hexacom Ltd 

Bharti Hexacom Limited is a communications solutions provider offering consumer mobile services, fixed-line telephone, and broadband services to customers in the Rajasthan and the North East telecommunication circles in India, which comprises the states of Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland and Tripura. With a market capitalization of Rs 66,015.00 crore, the shares closed at Rs 1,320.30 per share, decreasing around 0.17 percent as compared to the previous closing price. 

Motilal Oswal, one of the well-known brokerages in India, gave a ‘Buy’ call on the Telecom stock with a target price of Rs 1,625 apiece, indicating a potential upside of 23 percent from Wednesday’s closing price of Rs 1,320 per share. 

Written by Abhishek Singh

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