Prabhudas Lilladher Places Buy On 2 Small Cap Industrial Consumables Stocks, Sees Up To 28% Gain

Broking firm Prabhudas Lilladher places Buy on two small-cap stocks from the Industrial Consumables sector, Carborundum Universal Ltd. and Grindwell Norton Ltd. The brokerage sees up to 28% upside potential in the stock, considering the given target price and the current market price of the stocks. Amid the volatile market, both stocks performed positive in the past 3 months, giving over 20% returns. Check below to know more:

1. Carborundum Universal Ltd.

The brokerage has assigned Rs 1501 target price on the stock with a Buy call. The stock is showing 28% upside potential from its current level, considering the given target price.

The stock is currently trading at Rs 1174.70 apiece, 1.74% down from its previous close of Rs. 1195.50 apiece. The stock traded intraday high at Rs 1211.85 apiece and intraday low at Rs 1163.90 apiece on BSE.

Its 52-week high is R. 1260.90 apiece recorded on Jun 16, 2023, and the 52-week low is Rs 667.85 apiece recorded on Jun 24, 2022.

The stock declined 3.40% in the past 1 week, while it jumped 25.80% in the past 3 months. It gave 73.98% positive return in the past 1 year, and 100.98% in 2 years, respectively. It has given the highest 330.6% return in the past 3 years, while 257.43% positive return in the 5 years, respectively.

2. Grindwell Norton Ltd.

The brokerage has placed a Buy on the stock with a target price of Rs 2604 apiece. Given the target price, the stock is showing 16% upside potential from its current level.

The stock's current market price on BSE is Rs 2247.15 apiece, up 2.26% from its previous close of Rs 2197.55 apiece. It traded intraday high at Rs 2201.45 apiece and intraday low at Rs 2197.75 apiece, respectively.

The stock traded the 52-week high on Sep 08, 2022, at Rs. 2325 apiece and 52-week ow on Jun 26, 2022, at Rs 1494.05 apiece, respectively.

The stock jumped 4.05% in the past 1 week and 28.06% in the past 3 months, respectively. It gave 48.28% positive return in the past 1 year and 88.04% in the past 2 years, respectively. It has given over 300% positive return in 3 & 5 years. In 3 years it gave 351.40% and in 5 years it gave 342.70% positive return, respectively.

Disclaimer

The above-mentioned two small-cap stocks have been picked from the brokerage report Prabhudas Lilladher. 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 consult with certified experts before making any investment decision.