Top Stocks Pick – 6 stocks to buy for 80% upside

Indian markets have witnessed a massive correction due to increasing inflation, interest rate hikes and FII pulling out their investments. The Nifty 50 has corrected 12.45 % since April 2022 and is currently trading at 15,474.00 points. In a relatively weak market, here are some stock recommendations with an upside of up to 82%.

CCL Products (India) Ltd

Axis Securities has a buy rating on the shares of CCL Products (India) Ltd.

• CMP: ₹ 350.00
• Target: ₹ 560.00
• Upside: 60 %
• Duration: 18-24 months

Praj Industries Ltd

Axis Securities has a buy rating on the shares of Praj Industries Ltd.

• CMP: ₹ 336.50
• Target: ₹ 477.00
• Upside: 41.75 %
• Duration: 18-24 months

Psp Projects Ltd

Axis Securities has a buy rating on the shares of Psp Projects Ltd.

• CMP: ₹ 495.00
• Target: ₹ 665.00
• Upside: 34.34 %
• Duration: 12-18 months

JK Cement Ltd

ICICI Securities has a buy rating on the shares of JK Cement Ltd.

• CMP: ₹ 2,100.00
• Target: ₹ 3,170.00
• Upside: 50.95 %
• Duration: 12 months

Tata Communications Ltd

ICICI Securities has a buy rating on the shares of Tata Communications Ltd.

• CMP: ₹ 875.90
• Target: ₹ 1,600.00
• Upside: 82.67 %
• Duration: 12 months

State Bank of India

ICICI Securities has a buy rating on the shares of the State Bank of India.

• CMP: ₹ 446.65
• Target: ₹ 673.00
• Upside: 50.67 %
• Duration: 12 months