JM Financial Recommends 3 Stocks with High Upside

JM Financial, a domestic brokerage house, has recommended three stocks with significant upside potential.

They have given a 'Buy' rating to Dr Reddy’s Laboratories, expecting a 22% upside due to growth in various markets and products.

Mahindra & Mahindra received an 'Add' rating with an 8.5% upside, driven by strong positioning in automotive and farm equipment.

Eternal (Zomato) was also given a 'Buy' rating with a 50% upside potential, primarily due to the growth of Blinkit and shifts in consumer purchases.

Each stock is expected to benefit from specific growth drivers in their respective sectors.