Stocks to Buy: Zomato, TCS and 4 other stocks that can deliver 50% returns

On Friday, Indian benchmark indices saw a modest increase, with both the Sensex and Nifty ending the trading session slightly higher. The BSE Sensex closed at 81,086.21, rising by 33.02 points or 0.04 percent, while the Nifty 50 ended at 24,823.15, gaining 11.65 points or 0.05 percent.

Here are six stocks that brokerages have recommended with potential upsides of up to 50%:

DCM Shriram Ltd
With a market capitalization of Rs. 18,324 crores, DCM Shriram’s shares began Friday’s trading session relatively flat at Rs. 1,163, compared to the previous close of Rs. 1,162.70. The stock reached a high of Rs. 1,180.60 during the day, gaining approximately 2 percent, and closed at Rs. 1,177. Trade Brains analysts have set a ‘Buy’ target price of Rs. 1,483, suggesting a potential upside of around 26 percent from the current level.

Zomato Ltd
Zomato, with a market capitalization of Rs. 2,32,198 crores, saw its shares open Friday at Rs. 260.41, up from the previous close of Rs. 257.96. The stock hit a high of Rs. 269.90 during the session, gaining about 3 percent, and ended at Rs. 262. Jefferies has issued a ‘Buy’ recommendation with a target price of Rs. 335, implying a potential upside of around 28 percent.

Tata Consultancy Services Ltd
Tata Consultancy Services, with a market capitalization of Rs. 16,13,993 crores, opened the session at Rs. 4,500, slightly lower than its previous close of Rs. 4,502. The shares fell to a low of Rs. 4,455, losing about 1 percent, and closed at Rs. 4,463. Macquarie has increased its target price to Rs. 5,740 from Rs. 4,750, suggesting a potential upside of nearly 29 percent.

Royal Orchid Hotels Ltd
With a market capitalization of Rs. 997 crores, Royal Orchid Hotels’ shares began Friday at Rs. 371.40, up from the previous close of Rs. 369.75. The stock reached a low of Rs. 361.25, declining about 2 percent, and closed at Rs. 362. Edelweiss has given a ‘Buy’ recommendation with a target price of Rs. 477, indicating a potential upside of around 31 percent.

Dynamatic Technologies Ltd
Dynamatic Technologies, with a market capitalization of Rs. 5,071 crores, saw its shares open at Rs. 7,507.20, up from the previous close of Rs. 7,492.25. The stock dropped to Rs. 7,466.35 during the session, losing approximately 1 percent, and closed at Rs. 7,498. ICICI Securities has set a ‘Buy’ target price of Rs. 10,250, suggesting a potential upside of around 37 percent.

Shyam Metalics & Energy Ltd
Shyam Metalics, with a market capitalization of Rs. 22,589 crores, began Friday’s trading at Rs. 818, higher than the previous close of Rs. 810.20. The shares fell to Rs. 801, losing around 1 percent, and closed at Rs. 804. UBS has issued a ‘Buy’ recommendation with a target price of Rs. 1,200, indicating a potential upside of approximately 50 percent.