Sep 2, 2023
Navdeep SinghA host of brokerages have upgraded the target prices of a number of Nifty Midcap stocks in the last one month. Trendlyne data shows 6 midcap stocks saw up to six analysts' target price upgrades during this time. Here is the list:
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Six brokers have upgraded the target price on Aurobindo Pharma with an average target price of Rs 836, implying an upside of 1% from the current market price of Rs 825. The firm has a market cap of Rs 48,372 crore.
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With an average target price of Rs 288, Zee Entertainment has an upside of 10% from CMP of 262. Four brokers recently raised targets on this media stock. It has a market cap of Rs 25,218 crore.
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With an average target price of Rs 1,992, Shriram Finance has an upside of 4% from CMP of 1,912. Three brokers have raised the taregts on Shriram Finance. The company has a market cap of Rs 71,744 crore.
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Three brokers have raised the target price on HPCL to an average target of Rs 294, implying an upside potential of 17% from CMP of Rs 250. The firm has a market cap of Rs 96,318 crore.
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Three brokers have increased the target price on Apollo Tyres with an average target price of Rs 414, showing an upside of 8% from a CMP of 385. It has a market cap of Rs 24,435 crore.
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With an average target price of Rs 885, two brokers have raised the target price on PB Fintech, indicating an upside of 15% from CMP 770. It has a market cap of Rs 34,654 crore.
Image Source: ETMarkets.com
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