Archive · 22 Aug 2026
Brokerages See Up to 59% Upside Across Ten Stocks
Several financial research firms studied Indian companies and said ten stocks could rise in value.
Their expected gains ranged from 16% to 59%, based on the prices used in their reports.
Patanjali Foods had the highest expected gain.
The companies work in areas such as automobiles, defence, solar power, medicines, consumer goods and construction.
Analysts pointed to growing profits, strong orders and more business spending as reasons for their views.
Some companies are also expected to benefit from defence, aerospace, data-centre and semiconductor opportunities.
The stock market had a slightly weak week because oil prices went above $90 per barrel.
These ratings are analysts’ opinions, not guarantees that the stocks will rise.
Investors were advised to do their own research and consult a SEBI-registered financial adviser.
Ten stocks received Buy, Add or Overweight ratings from major brokerages, with projected returns ranging from 16% to 59%.
Patanjali Foods had the highest projected upside at 59%, followed by Emmvee Photovoltaic Power at about 38%.
Other recommendations covered ICICI Prudential Asset Management Company, Divi’s Laboratories, TVS Motor, Voltas, Larsen & Toubro, Hindustan Aeronautics, Tata Motors Commercial Vehicles and Bharat Forge.
Brokerages cited factors including earnings growth, order pipelines, defence and aerospace demand, capex recovery, and sector-specific business opportunities.
The Nifty 50 fell 0.23% and the BSE Sensex declined 0.13% for the week as crude oil prices rose above $90 a barrel.
- Who
- Jefferies, Macquarie, JM Financial, JP Morgan, Morgan Stanley and Motilal Oswal issued recommendations on ten companies or business divisions.
- What
- The brokerages assigned Buy, Add or Overweight ratings and set price targets implying projected returns of about 16% to 59%.
- When
- The recommendations were reported during the week covered by the article; some operating comparisons refer to FY26-FY29 and June 2026.
- Where
- The recommendations concern companies listed in India, while the domestic equity markets ended the week lower.
- Why
- The brokerages cited earnings prospects, order books, capex monetisation, defence and aerospace demand, market-share gains, and other sector-specific growth drivers.
- Stocks covered
- ICICI Prudential Asset Management Company, Emmvee Photovoltaic Power, Divi’s Laboratories, TVS Motor Company, Voltas, Larsen & Toubro, Hindustan Aeronautics, Patanjali Foods, Tata Motors Commercial Vehicles and Bharat Forge.
- Projected return range
- Approximately 16% to 59%, based on brokerage target prices and reference prices.
- Highest projected upside
- Patanjali Foods: 59%, according to Jefferies.
- Market performance
- The Nifty 50 declined 0.23% and the BSE Sensex declined 0.13% during the week.
- Crude oil
- Crude oil prices rose above $90 a barrel.
- Largest stated target price
- Divi’s Laboratories: Rs 10,200, according to Macquarie.
- Investment disclaimer
- The article says its analysis is not an offer or recommendation to buy or sell securities and advises independent due diligence.