Senco Gold, Aurobindo Pharma, HCL Tech; stocks to buy for potential upsides of up to 59%

On January 17, Indian benchmark indices closed lower, with the Nifty ending at 23,199.45. The Sensex dropped 427 points, or 0.55%, to close at 76,615.71, while the Nifty fell by 112.35 points, or 0.47%, to close at 23,202.65. However, five stocks are showing strong upside potential, with expected gains of up to 59%.

1. Aurobindo Pharma

Aurobindo Pharma manufactures a range of pharmaceutical products, including active pharmaceutical ingredients (APIs), branded medications, and generics. The company's product portfolio spans several therapeutic categories, including CNS (central nervous systems) and antiretrovirals (ARVs). With a market capitalization of Rs 67,579.17 crore, Aurobindo’s shares closed at Rs 1,163.55 per share, up by 0.60%. Axis Securities has issued a ‘Buy’ recommendation with a target price of Rs 1,500, suggesting a potential upside of 30%.

2. HCL Technologies

HCL Technologies provides a wide range of services, including software solutions, remote infrastructure management, engineering, R&D services, and business process outsourcing. With a market capitalization of Rs 4.83 lakh crore, the shares closed at Rs 1,780 per share, down by 0.60%. Motilal Oswal Financial Services has a ‘Buy’ call on the stock, with a target price of Rs 2,400, representing a 35% upside.

3. Just Dial

Justdial leads India's local search engine industry, offering search services via multiple platforms, including apps and websites. The company has a market capitalization of Rs 7,679.14 crore, with shares closing at Rs 903 per share, up by 0.80%. JM Financial has issued a ‘Buy’ call with a target price of Rs 1,220, indicating an upside potential of 35%.

4. Senco Gold

Senco Gold offers a variety of jewelry, including gold, diamond, silver, platinum, and semi-precious stones. It also sells items like gold and silver coins and silver cutlery. The company’s market capitalization stands at Rs 8,400.70 crore, and shares closed at Rs 1,026.95, down by 1.88%. Motilal Oswal has given a ‘Buy’ recommendation, with a target price of Rs 1,450, suggesting an upside of 41%.

5. Indus Towers

Indus Towers is a major player in India’s telecom infrastructure, providing services to telecom operators by building and managing telecom towers. With a market capitalization of Rs 95,501.49 crore, Indus Towers' shares closed at Rs 362.00, up by 2.19%. CLSA has issued a ‘Buy’ call on the stock, with a target price of Rs 575, predicting a substantial upside of 59%.

Disclaimer:

The opinions and investment recommendations shared by various experts in this article are their own. Investing in stocks carries inherent risks of financial loss. It is advised that investors exercise caution and consult with a financial advisor before making any investment decisions.