NewsStocksChoice Equity Broking Identifies 5 Building Material Stocks with 50-71% Upside PotentialChoice Equity Broking Identifies 5 Building Material Stocks with 50-71% Upside Potential
Choice Equity Broking has recommended five building material stocks with upside potential of 56-71%. Hindware Home Innovation leads with 71.25% upside potential, followed by Greenply Industries at 69.76%. The recommendations include companies from cement manufacturing, interior infrastructure, and home improvement segments, with market capitalizations ranging from ₹1,640.51 crore to ₹12,359.39 crore.
*this image is generated using AI for illustrative purposes only.
Choice Equity Broking Private Limited has identified five stocks from the building materials and home improvement sectors with significant upside potential, ranging from 56% to 71%. The recommendations focus on companies positioned to benefit from India's growing infrastructure and housing demand.
Stock Recommendations and Target Prices
The brokerage firm has issued "Buy" recommendations for all five stocks, with specific target prices and upside projections:
| Company | Current Price (₹) | Target Price (₹) | Upside Potential (%) | Market Cap (₹ crore) |
|---|---|---|---|---|
| Hindware Home Innovation | 251.10 | 430.00 | 71.25 | 2,100.36 |
| Greenply Industries | 250.35 | 425.00 | 69.76 | 3,126.57 |
| Nuvoco Vistas Corporation | 346.05 | 560.00 | 61.83 | 12,359.39 |
| Somany Ceramics | 400.00 | 635.00 | 58.75 | 1,640.51 |
| Birla Corporation | 1,057.70 | 1,650.00 | 56.00 | 8,144.86 |
Market Performance Analysis
All five recommended stocks were trading lower at the time of analysis, showing declines ranging from 2.01% to 4.14% from their previous day's closing prices. Hindware Home Innovation experienced the steepest decline of 4.14%, falling from ₹261.95 to ₹251.10 per share.
Company Business Profiles
Cement and Building Materials Segment
Birla Corporation Limited operates as a leading cement and building materials company, manufacturing cement under the Birla brand. The company supplies materials for housing, infrastructure, and construction projects across multiple states.
Nuvoco Vistas Corporation Limited ranks among India's major cement and ready-mix concrete manufacturers. The company primarily serves eastern and northern India markets, supplying cement, concrete, and building materials for infrastructure, housing, and commercial construction projects.
Interior and Home Improvement Segment
Greenply Industries Limited functions as a leading interior infrastructure company, manufacturing plywood, blockboards, veneers, and decorative products. Its products cater to furniture, interiors, and housing projects across residential and commercial construction markets.
Somany Ceramics Limited specializes in manufacturing and selling ceramic tiles, vitrified tiles, and sanitaryware. The company provides flooring and wall solutions for homes, offices, and infrastructure projects.
Hindware Home Innovation Limited operates in the home improvement and consumer appliances segment, manufacturing sanitaryware, faucets, bathroom fittings, and kitchen appliances for modern housing needs.
Investment Rationale
Choice Equity Broking attributes its recommendations to strong fundamentals and an improving sector outlook. The companies operate across key segments including cement, building materials, and home improvement, positioning them to capitalize on rising infrastructure and housing demand in India. The brokerage firm's analysis suggests these stocks offer substantial growth potential backed by solid operational foundations.
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