Stock recommendations with good upside potential
Market Recap
Indian benchmark indices settled sharply lower on Friday amid weak global cues, including FIIs selling, a falling rupee, trade tariff threats, and a firm US dollar. BSE Sensex crashed 1,414.33 points, or 1.90%, to end the session at 74,602.12, while NSE's Nifty50 plunged 420.35 points, or 1.86%, to settle at 22,124.70.
Amid the rising selling pressure in the Indian equity markets, keep an eye on these four stocks - !Sagility India Ltd, !Jana Small Finance Bank Ltd, Bank Ltd, and Ltd - as potential investment opportunities.
Sagility India Ltd | Buy | Target Price: Rs 65 | Upside Potential: 50%
Sagility holds a better position to gain market share in the growing outsourcing outlook of the traditionally conservative healthcare industry. Its shares are available at a P/E of 22.5 times and EV/Adj Ebitda of 10.7 times FY27E.
Axis Bank Ltd | Buy | Target Price: Rs 1,140 | Stop Loss: Rs 960
Technically, Axis Bank's daily chart indicates that the stock is trading above its major 50-day moving average, and a potential upward move is expected in the coming sessions. The stock has also given a breakout of a downward-sloping trend line, suggesting strength in the near term.
Jana Small Finance Bank Ltd | Buy | Target Price: Rs 600 | Upside Potential: 47%
Jana SFB is strategically pivoting towards secured lending products, while decreasing its share of micro lending. The bank intends to apply for a universal banking license, which requires having GNPA/NNPA of over 3%/1% for 2 consecutive years.
Voltas Ltd | Buy | Target Price: Rs 1,520 | Stop Loss: Rs 1,200
Technically, the weekly charts of Voltas suggest that after a correction phase from Rs 1,944 to Rs 1,135, the stock has given a breakout of a downward-sloping trend line on a closing basis. The momentum indicator, RSI, shows a positive crossover in its daily charts, indicating that the stock is well-placed above the 20-day moving average on a closing basis.
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