Tata Motors, Coal India, Bajaj Finserv among 6 stocks with up to 50% upside; says experts

The Indian stock market has recently experienced significant volatility, with both the BSE Sensex and Nifty 50 witnessing sharp declines. As of December 20, 2024, the Sensex dropped more than 1,000 points, reaching approximately 78,170.96, while the Nifty 50 fell to around 23,637.75. This market sell-off is largely attributed to global economic concerns and the US Federal Reserve's monetary policy.

Amidst this turbulence, analysts have identified six stocks that present significant upside potential of up to 50%. Here’s a breakdown of the recommendations:

Bajaj Finserv Ltd

Market Cap: Rs. 2.5 Lakh Crore

Current Price: Rs. 1,570

Target Price: Rs. 2,350 (50% upside)

Bajaj Finserv, a leading non-banking financial company (NBFC), has seen a slight decline of 1.23% recently. However, Sharekhan recommends a "Buy" with a target price of Rs. 2,350, offering substantial growth potential.

AWFIS Space Solutions Ltd

Market Cap: Rs. 5,029 Crore

Current Price: Rs. 712.40

Target Price: Rs. 1,049 (47% upside)

AWFIS, a workspace solutions provider, has faced a small dip of 1.43%. ICICI Securities recommends a "Buy" call with a target of Rs. 1,049, indicating strong upside potential.

Coal India Ltd

Market Cap: Rs. 2.35 Lakh Crore

Current Price: Rs. 383

Target Price: Rs. 560 (46% upside)

Coal India, a state-owned coal mining company, has recently dropped by 2.3%. Sharekhan has issued a "Buy" recommendation with a target price of Rs. 560, suggesting significant upside.

Shriram Pistons & Rings Ltd

Market Cap: Rs. 9,017 Crore

Current Price: Rs. 2,047.10

Target Price: Rs. 2,950 (44% upside)

Shriram Pistons, a manufacturer of automotive components, has seen a decrease of 4.4%. Emkay Global Financial Services recommends a "Buy" with a target price of Rs. 2,950, forecasting strong potential returns.

Godrej Consumer Products Ltd

Market Cap: Rs. 1.09 Lakh Crore

Current Price: Rs. 1,070

Target Price: Rs. 1,485 (39% upside)

Godrej Consumer, a leader in personal care and home products, dropped by 0.8% recently. Anand Rathi suggests a "Buy" call with a target price of Rs. 1,485, providing solid upside potential.

Tata Motors Ltd

Market Cap: Rs. 1.09 Lakh Crore

Current Price: Rs. 724.30

Target Price: Rs. 970 (34% upside)

Tata Motors, a global automobile manufacturer, saw a dip of 2.65%. LKP Securities recommends a "Buy" with a target price of Rs. 970, signaling a good potential for growth.

Disclaimer: The stock recommendations provided in this article are based on the views of individual analysts and broking houses. Investing in equities carries the risk of financial loss, and investors should exercise caution. Please consult with your financial advisor before making any investment decisions.