The markets across globe have been witnessing volatile trade in view of the Omicron, new Covid variant. The Indian markets have especially seen a healthy correction post a strong and long bull run. The Nifty has slipped below the 17,000-mark, while the Sensex has touched almost the 55,000-mark. As on December 7, 2021, around 10.50, the Nifty50 has corrected 4.6 per cent and the Sensex 4.3 per cent, according to Stock Edge, an app to analyse NSE BSE data.

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Meanwhile, those who are still looking for making fresh entry or buy new stocks can refer to four shares shortlisted by Yes Securities for up to 35 per cent upside. Below are the four stocks:  

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1. PNC INFRA|CMP: Rs300 Target: Rs405 Upside: 35% Period: 12 Months
YES Securities said healthy order book and Strong Balance sheet work well for the company. Since the water sector is key focus area of the government, entry into the water segment will further help diversify and aid its business and robust tendering from NHAI will boost the awarding activities in near term driven by the HAM and EPC projects.

2. OBEROI REALTY | CMP: Rs855 Target: Rs1130 Upside: 32% Period: 12 Months
Picking this realty space stock, the brokerage house said diversification of residential business by entering in the society development in the MMR region will give new Philip to the earning for the company. Management has been setting up whole vertical by hiring professionals, it highlighted.  
The process of commissioning annuity assets and hospitality assets will take the annuity revenue to 4.2x from current Rs 3.3 billion and hospitality revenue to double to Rs 2.8 billion by FY25E, it said, adding that company's willingness to enter the NCR market will give further visibility to earning and reduce the dependence on one geography.  

3.APOLLO PIPES |CMP: Rs 603 Target: Rs784 Upside: 30% Period: 12 Months
Picking this stock for 30% upside, the brokerage said large investments likely to flow in irrigation segment (50% pipe demand) coupled with healthy capital outlay in the Water supply system (WSS) segment (35% pipe demand) over FY20-FY24E, which should enable plastic pipe industry to register 13% CAGR over similar period. Revival in real-estate industry will provide additional boost, it said.

4. ICICI BANK | CMP: Rs716 Target: Rs881 Upside: 23% Period: 12 Months
Non-lending businesses contribute 19-21% to the overall value of SBI, ICICI and KMB, specifically, 20% for ICICI, whereas, for other banks in our 11-bank coverage universe, at 0-5%, such businesses do not move the needle in terms of augmenting overall shareholder value, said the brokerage. In ICICI, we see an ability to increase, prospectively, the share of higher-yielding loans in a risk calibrated manner, Yes Securities said while recommending this stock.