Jefferies Issues 5 Buy Recommendations with Up to 47% Upside Potential

Jefferies recommends five stocks with potential upside of up to 47%. The top recommendations include Eternal, Infosys, Dalmia, Tata Steel, and BPCL. Eternal is expected to see a 47% upside with a price target of Rs 400 per share, while Infosys has a target of Rs 1,660 per share for a 6% upside. Dalmia is expected to see a 15% upside with a target of Rs 2,600 per share.

Title: Jefferies Recommends Five Stocks with Upside Potential

Jefferies has released its latest recommendations, highlighting five stocks with potential upside of up to 47%. The top picks include Eternal, Infosys, Dalmia Bharat, Tata Steel, and BPCL. Here’s a breakdown of the recommendations:

1. Eternal: Jefferies expects Eternal to see a 47% upside, with a price target of Rs 400 per share. The company's recent performance, including a 7% surge in share price despite a 90% drop in Q1 profit, has caught analysts' attention [2].

2. Infosys: Infosys is expected to rise to Rs 1,660 per share, representing a 6% upside. The company has shown resilience in the large-cap pharma services earnings season, particularly in its diagnostics and biopharma laboratory services divisions [1].

3. Dalmia Bharat: Dalmia Bharat is recommended with a 15% upside target of Rs 2,600 per share. The stock hit a record high ahead of the June quarter earnings announcement, with analysts expecting strong growth in sales and profit [2].

4. Tata Steel: Tata Steel is another stock on the list, though specific details on the expected upside and target price were not provided in the source materials.

5. BPCL: BPCL is expected to see an unspecified upside, with a target price also not specified in the source materials.

These recommendations come as the market continues to show signs of recovery, with companies like Laboratory Corporation of America (Labcorp) posting strong financial results and analysts maintaining positive outlooks. The market's focus on growth and profitability is likely driving these recommendations.

References
[1] https://www.investing.com/news/analyst-ratings/jefferies-raises-laboratory-corporation-of-america-price-target-to-300-93CH-4152185
[2] https://www.livemint.com/market/stock-market-news/dalmia-bharat-share-price-hits-record-high-ahead-of-q1-results-today-more-upside-on-cards-11753156821963.html