There was a lot of movement in the primary market last year. Around 63 companies raised Rs 1.2 lakh crore through their IPOs. There has been a fair correction in the share price of new companies listed in the stock market in the recent past. Domestic brokerage house Religare Broking has shortlisted 5 of these stocks. These stocks can give returns of up to 37 percent to the investors in the coming time.
Shares of Clean Science and Technology may go up to Rs 2,509
Religare Broking has given Buy rating to this Specialty Chemicals stock. A target price of Rs 2509 has been given for the stock. The shares of the company can rise by about 28 percent from the current price. The shares of Clean Science and Technology are trading at the level of Rs 1985 on the Bombay Stock Exchange on Tuesday. The brokerage house says that the company is debt free and its performance has been consistent.
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Shares of Data Pattern can go up to Rs 842
Religare Broking has given buy rating to the shares of Data Pattern (India). A target price of Rs 842 has been given for the company’s stocks. The shares of Data Pattern are trading at the level of Rs 716.25 on the Bombay Stock Exchange on Tuesday. The 52-week high of the company’s shares is Rs 864. At the same time, the low-level for 52 weeks is Rs 575. Religare Broking has a positive outlook on the company’s shares.
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Shares of Heramba Industries may go up to Rs 832
Domestic brokerage house Religare has given a target price of Rs 832 to the shares of Heramba Industries. The company’s shares are trading at a level of Rs 610.35 on the Bombay Stock Exchange on Tuesday. The shares of the company can jump by about 37 percent from the current level. The brokerage house says that the company will benefit from its extensive distribution network with expertise in agrochemicals, strong manufacturing capabilities and expansion plans.
Shares of Latent View Analytics can go up to Rs 532
Religare Broking has given buy rating to the shares of Latent View Analytics and has fixed a target price of Rs 532 for the shares of the company. The company’s shares are trading at a level of Rs 411.70 on the Bombay Stock Exchange (BSE) on Tuesday. The 52-week high of the company’s shares is Rs 755. At the same time, the 52 week low level is Rs 368.50.
Target price of Rs 1215 for Medplus Health Services shares
Religare Broking has given buy rating to the shares of Medplus Health Services. The brokerage house has fixed a target price of Rs 1215 for the shares of the company. The company’s shares are trading at a level of Rs 1002.05 on the Bombay Stock Exchange on Tuesday. The 52-week high of the company’s shares is Rs 1343. At the same time, the low-level for 52 weeks is Rs 921.