Archive · 29 Sep 2026
Nuvama Flags Six Buy Stocks With Up To 51% Upside
Nuvama, a brokerage, has said six company shares could rise if their business plans work well.
Bajaj Consumer Care is expected to grow by selling more products and more premium products.
Sky Gold and Diamonds wants to greatly increase its jewellery sales and production.
PG Electroplast is building a large compressor facility for air conditioners.
Afcons Infrastructure is seeking more construction orders, including marine projects.
Astral expects its pipe business and CPVC resin production to support growth.
Petronet LNG is expanding its LNG facilities and pipeline connections.
These are estimates from Nuvama, not guarantees, and actual results may be different.
Nuvama rates six stocks ‘Buy’, with target-price upside ranging from 17.4% to 51.1%.
Bajaj Consumer Care has the highest projected upside at 51.1%, supported by volume growth and premiumisation.
Sky Gold and Diamonds is targeting rapid revenue and production expansion through FY30.
PG Electroplast plans a two-million-unit compressor facility as air-conditioner demand grows.
Afcons, Astral and Petronet LNG are relying on order inflows, CPVC integration and LNG infrastructure expansion respectively.
- Who
- Nuvama and the six companies it covers: Bajaj Consumer Care, Sky Gold and Diamonds, PG Electroplast, Afcons Infrastructure, Astral and Petronet LNG.
- What
- Nuvama has issued ‘Buy’ ratings and target prices for six stocks, implying 17.4% to 51.1% upside.
- When
- The outlook references FY27 through FY30, with some projects expected to be completed by FY27 or FY28.
- Where
- The companies operate across India, including projects and facilities at Dahej, Kochi, Bangalore, Mangalore and Vadhvan.
- Why
- Nuvama expects growth from consumer-demand recovery, jewellery expansion, manufacturing capacity, infrastructure orders, CPVC integration and LNG investment.
- Number of stocks
- Six
- Rating
- ‘Buy’ from Nuvama for all six stocks
- Highest projected upside
- 51.1% for Bajaj Consumer Care, based on Nuvama’s target price
- Lowest projected upside
- 17.4% for Petronet LNG, based on Nuvama’s target price
- Highest target price
- Rs 1,771 for Astral
- Key PG Electroplast project
- A two-million-unit compressor facility expected to begin production by December 2026
- Key Afcons target
- Around Rs 30,000 crore of fresh orders in FY27