4 days ago
Brokerages Flag Ten Indian Stocks With Up To 55% Upside
Several brokerages studied the Indian stock market and selected 10 companies they believe could perform well.
Their suggested price targets imply possible gains ranging from about 10.7% to 54.5%.
The companies work in areas such as power, defence, telecom, cars, retail, infrastructure, and medicine research.
NTPC was supported because energy storage may become more important in India.
Bharat Electronics was praised for receiving orders across many defence and electronics products.
Bharti Airtel was backed because its revenue and market share have been growing.
Eternal and Avenue Supermarts were supported because of expected growth in quick commerce and retail stores.
Other companies were recommended because of stronger demand, new products, or improving profits.
These are brokerage opinions, not guarantees that the stocks will rise.
Indian equities ended lower, with the Nifty 50 down 0.47% and the Sensex down 0.44% for the week.
Brokerages rated 10 stocks Buy, Outperform, or High-Conviction Outperform, with stated upside estimates ranging from 10.7% to 54.5%.
NTPC, Bharat Electronics, Adani Enterprises, Bharti Airtel, and Cummins India were backed by energy, defence, infrastructure, telecom, and data-center themes.
Eternal, Avenue Supermarts, V-Mart Retail, Hyundai Motor India, and Sai Life Sciences were supported by growth, product, retail, or business-performance expectations.
The article says the stock ideas are factual analysis, not investment advice, and urges investors to conduct due diligence and consult a SEBI-registered adviser.
- Who
- Jefferies, Macquarie, Bernstein, CLSA, Emkay Global, and Motilal Oswal issued recommendations on 10 Indian companies.
- What
- The brokerages assigned Buy or Outperform-related ratings and target prices implying potential gains of roughly 10.7% to 54.5%.
- Where
- The recommendations concern India’s domestic equity market.
- When
- The recommendations were reported during the week when Indian equity markets ended lower.
- Why
- The brokerages cited business fundamentals, quarterly performance, sector growth, product pipelines, market-share gains, and business-model changes.
Key facts
- Stocks covered
- NTPC, Bharat Electronics, Adani Enterprises, Bharti Airtel, Cummins India, Eternal, Hyundai Motor India, Sai Life Sciences, Avenue Supermarts, and V-Mart Retail.
- Highest stated upside
- Eternal: 54.5%, based on CLSA’s target price of Rs 506.
- Lowest stated upside
- Sai Life Sciences: 10.7%, based on Jefferies’ target price of Rs 1,610.
- Market performance
- The Nifty 50 fell 0.47% and the BSE Sensex fell 0.44% during the week.
- Energy rationale
- Bernstein said battery energy storage systems could play a larger role in India’s electricity network and rated NTPC Buy with a Rs 450 target.
- Telecom rationale
- Jefferies retained Bharti Airtel as its sector top pick, citing revenue growth, subscriber quality, and market-share gains.
- Investment disclaimer
- The article says its analysis is not an offer or recommendation to buy or sell securities.
Quotes
Motilal Oswal
Brokerage research house discussing V-Mart Retail’s sales and profitability.
“Demand momentum remains healthy, profitability continues to improve.”
financialexpress.com
“Sector revenue growth remained steady.”
financialexpress.com
Bernstein
Brokerage research house discussing battery energy storage systems and NTPC.
“Consensus on large role of BESS (larger than planned).”
financialexpress.com
Sources
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