6 stocks on which brokerages have initiated coverage can rally up to 56%

So far in 2023, Nifty has declined nearly 7% amid unfavourable global cues and relentless FIIs selling. However, a host of brokerage firms have initiated coverage on several stocks. They see a strong potential in these companies, with a targeted upside of up to 56%. These stocks belong to various industries such as information technology, consumer electronics and garments & apparel. Here is a list of six stocks on which brokerages initiated coverage:

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