5 Mid, Small Cap Stocks Showing Potential To Soar Up To 43%: Sharekhan Recommends Buy

Sharekhan by BNP Paribas has recommended investors to buy 5 mid cap and small cap stocks showing potential to rally. These stocks are Amara Raja Batteries, Greaves Cotton, Schaeffler India, Gabriel India, and Lumax Auto Technologies. If you buy these stocks now, you can get return up to 43%. Check details below:

1. Buy Greaves Cotton

The analyst has suggested investors to buy Greaves Cotton with a target price of Rs 183 apiece. Last trading price of the Engineering sector stock is Rs 128.00 apiece. If you buy Greaves Cotton now, it can fetch 43% potential return. The company has a market capitalisation of Rs 2,964.00 crore. The mid cap stock fell 25% in last 1-year and again 25% in last 6-months.

2. Buy Gabriel India

The brokerage has assigned buy call to Gabriel India with a target price of Rs 217 apiece. The stock's last trading price is quoted at Rs 156.20 apiece with intraday gain of over 2%. If you buy Gabriel India shares now, you can get return up to 39%.

It has a market capitalisation of Rs 2243.72 crore. It gave 41% return in last 1-year and declined 5% in last 6-months. In last 3-years, the stock gave return of 65%. The small cap stock operates in Auto Ancillaries sector.

3. Buy Amara Raja Batteries

Sharekhan by BNP Paribas has recommended investors to buy Amara Raja Batteries with a target price of Rs 696 apiece. Last trading price of the stock is Rs 568.05 apiece. If you buy Amara Raja Batteries Ltd now, you can get potential return of 23%.

The company has a market capitalisation of Rs 9,703.00 crore. The mid cap Auto Ancillaries sector stock rallied 1.32% in last 1-year and declined 10% in last 3-years. It offered 12% return in last 6-months and fell 12% in last 3-months.

4. Buy Schaeffler India

Sharekhan is upbeat on Schaeffler India and recommended investors to buy it with target price of Rs 3328 apiece. Schaeffler India's last trading price is Rs 3089.50 apiece with intraday rally of over 3% on BSE. If you buy Schaeffler India shares now, you can obtain potential return of 8%.

The mid cap Industrial Consumables sector stock rallied 69% in last 1-year, 11% in last 3-months, and 16% in last 1-month. It fell 3% in last 6-months.

5. Buy Lumax Auto Technologies

Sharekhan has given buy call to Lumax Auto Technologies with target price of Rs 288 apiece. Lumax Auto Technologies' last trading price on BSE is Rs 258.85 apiece. If you buy Lumax Auto Technologies stock now, you can get likely return of 12%.

The company has a market capitalisation of Rs 1,764.26 crore. The stock gave 13% return in last 1-month, fell 1% in last 6-months, and again gave a return of 59% in last 1-year. It rallied 181% in last 3-years. The small cap stock operates in Auto Ancillaries sector.

Disclaimer

The stocks have been picked from the brokerage report of Sharekhan by BNP Paribas. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.