Brokerage firm Emkay Global Financial has identified four stocks with improved ratings and potential upside of up to 21%

 Introduction:

The stock market has been on a tear in recent months, with the benchmark Sensex index rising over 10% in the past year. This has led to a number of stocks being upgraded by brokerage firms, as analysts see them as being undervalued relative to their potential.

In this article, we will take a look at four stocks that have been upgraded by Emkay Global Financial, with potential upside of up to 21%.

Adani Enterprises:

Adani Enterprises is the flagship company of the Adani Group, and is involved in a wide range of businesses, including energy, ports, and infrastructure. The company has been on a strong growth trajectory in recent years, and is well-positioned to benefit from the ongoing economic recovery in India.

Emkay Global Financial has upgraded the rating on Adani Enterprises to Buy from Hold with a target price of Rs 2,700. The stock has an upside potential of 21%.

Key Takeaways:

• The brokerage firm believes that Adani Enterprises is undervalued relative to its potential.
• The company is well-positioned to benefit from the ongoing economic recovery in India.
• The stock has a strong track record of growth.

Adani Green Energy:

Adani Green Energy is one of the largest renewable energy companies in India, with a portfolio of over 20 gigawatts of projects. The company is well-positioned to benefit from the growing demand for renewable energy in India, and is expected to see strong growth in the coming years.

Emkay Global Financial has upgraded the rating on Adani Green Energy to Buy from Hold with a target price of Rs 3,200. The stock has an upside potential of 18%.

Key Takeaways:

• The brokerage firm believes that Adani Green Energy is undervalued relative to its potential.
• The company is well-positioned to benefit from the growing demand for renewable energy in India.
• The stock has a strong track record of growth.

Tata Steel:

Tata Steel is one of the largest steel companies in India, and is well-positioned to benefit from the ongoing economic recovery in the country. The company has been investing heavily in new capacity, and is expected to see strong growth in the coming years.

Emkay Global Financial has upgraded the rating on Tata Steel to Buy from Hold with a target price of Rs 1,350. The stock has an upside potential of 17%.

Key Takeaways:

• The brokerage firm believes that Tata Steel is undervalued relative to its potential.
• The company is well-positioned to benefit from the ongoing economic recovery in India.
• The stock has a strong track record of growth.

RIL:

RIL is one of the largest conglomerates in India, and is involved in a wide range of businesses, including energy, refining, and petrochemicals. The company has been on a strong growth trajectory in recent years, and is well-positioned to benefit from the ongoing economic recovery in India.

Emkay Global Financial has upgraded the rating on RIL to Buy from Hold with a target price of Rs 2,900. The stock has an upside potential of 14% Key Takeaways:

• The brokerage firm believes that RIL is undervalued relative to its potential.
• The company is well-positioned to benefit from the ongoing economic recovery in India.
• The stock has a strong track record of growth.

 Conclusion:

Overall, Emkay Global Financial is positive on the outlook for these four stocks and believes that they have the potential to deliver strong returns in the near to medium term. However, it is important to note that the stock market is volatile and there is no guarantee that these stocks will achieve their target prices. Investors should do their own research before making any investment decisions.

Additional Information:

• The brokerage firm has upgraded the ratings on these stocks based on their improved fundamentals and valuation.
• The stocks have all seen strong growth in recent months and are well-positioned to benefit from the ongoing economic recovery.
• However, investors should be aware of the risks associated with investing in the stock market, such as volatility and illiquidity.
  
  Disclaimer:
  
  The information provided on this website is for informational purposes only and does not constitute investment advice. Past performance is not indicative of future results. You should consult a qualified financial advisor before making any investment decisions.