MRPL, PAYTM, Godrej Properties, Jubilant FoodWorks and Mphasis Share Price Jumps in Friday's Market Rally
Indian markets witnessed a strong rally on Friday. Markets were facing selling pressure for the last few trading sessions and Friday's rally has offered relief to investors. Markets have surely found a support at bottom and this could help the markets to recover in case of future selling. Friday witnessed a strong rally across all the sectors and we can expect the strong momentum to continue on Monday.
Top Gainers: Today's Market Leaders
Here are the 10 best-performing stocks in today's trading session:
Mangalore Refinery and Petrochemicals Ltd. (MRPL):
Closing Price: Rs 157.25
Gain: 8.41% from the previous close of Rs 145.05
Analyst Recommendations:
Motilal Oswal Financial Services: Maintained a 'Buy' rating with a target price of ₹175, citing stable refining margins.
Prabhudas Lilladher: Issued a 'Hold' recommendation, highlighting potential volatility in crude oil prices.
Paytm (One97 Communications Ltd.):
Closing Price: Rs 900.95
Gain: 6.57% from the previous close of Rs 845.40
Analyst Recommendations:
Morgan Stanley: Assigned a 'Buy' rating with a target price of ₹950, citing growth in financial services and increased user adoption.
Goldman Sachs: Maintained a 'Neutral' stance, noting profitability challenges in the near term.
The Phoenix Mills Ltd.:
Closing Price: Rs 1,627.35
Gain: 6.07% from the previous close of Rs 1,534.25
Analyst Recommendations:
ICICI Securities: Maintained a 'Buy' rating with a target price of ₹1,800, driven by strong footfall in malls and retail spaces.
HDFC Securities: Assigned a 'Hold' rating, expressing caution over rising operating costs.
Godrej Properties Ltd.:
Closing Price: Rs 2,857.15
Gain: 5.63% from the previous close of Rs 2,704.80
Analyst Recommendations:
Motilal Oswal Financial Services: Issued a 'Buy' recommendation with a target price of ₹3,725, citing strong pre-sales momentum.
ICICI Securities: Maintained a 'Hold' rating, highlighting valuation concerns despite strong fundamentals.
Jubilant FoodWorks Ltd.:
Closing Price: Rs 637.65
Gain: 4.50% from the previous close of Rs 610.20
Analyst Recommendations:
Edelweiss Securities: Assigned a 'Buy' rating with a target price of ₹550, emphasizing expansion plans and digital initiatives.
Kotak Securities: Issued a 'Sell' recommendation due to rising raw material costs impacting margins.
Oil India Ltd.:
Closing Price: Rs 507.15
Gain: 4.34% from the previous close of Rs 486.05
Analyst Recommendations:
Emkay Global Financial Services: Maintained a 'Buy' rating with a target price of ₹520, citing strong operational performance.
ICICI Direct: Assigned a 'Neutral' stance, highlighting the dependency on global crude oil prices.
SJVN Ltd.:
Closing Price: Rs 107.57
Gain: 3.99% from the previous close of Rs 103.44
Analyst Recommendations:
Axis Securities: Maintained a 'Buy' rating with a target price of ₹50, driven by growth in renewable energy projects.
ICICI Securities: Assigned a 'Hold' recommendation, noting limited short-term growth potential.
IRB Infrastructure Developers Ltd.:
Closing Price: Rs 47.60
Gain: 3.93% from the previous close of Rs 45.80
Analyst Recommendations:
Motilal Oswal Financial Services: Issued a 'Buy' recommendation with a target price of ₹315, citing a strong order book and infrastructure push.
HDFC Securities: Maintained a 'Neutral' rating, highlighting execution challenges in new projects.
Mphasis Ltd.:
Closing Price: Rs 2,883.55
Gain: 3.49% from the previous close of Rs 2,786.20
Analyst Recommendations:
Nomura: Maintained a 'Buy' rating with a target price of ₹3,200, driven by growth in digital services.
Credit Suisse: Assigned an 'Overweight' rating, citing robust deal pipelines and expanding client base.
Oracle Financial Services Software Ltd. (OFSS):
Closing Price: Rs 11,516.40
Gain: 3.36% from the previous close of Rs 11,141.90
Analyst Recommendations:
Jefferies: Issued an 'Overweight' rating with a target price of ₹12,000, citing strong recurring revenues.
Morgan Stanley: Maintained a 'Neutral' stance, highlighting stable but limited near-term growth.