The stock market has been making waves, reaching unprecedented heights, and individual stocks are stealing the spotlight. Leading brokerage firms like Jefferies, Nomura, Motilal Oswal, and Nuvama have released their latest recommendations, offering a glimpse into potential investment opportunities. We’ve compiled a list of 10 stocks with up to 36% upside, based on these expert insights.
Axis Bank: Jefferies’ Top Pick
Jefferies maintains a ‘Buy’ rating on Axis Bank, anticipating steady growth and stable asset quality. With a price target of Rs 1,430, the brokerage sees an upside potential of approximately 13%. They believe Axis Bank is well-positioned for FY26 due to its balanced growth strategies, improving deposit mix, and controlled credit costs, even amidst broader sector challenges.
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Premier Energies: Nuvama’s Renewable Energy Play
Nuvama Institutional Equities has initiated coverage on Premier Energies, a renewable energy firm, with a ‘Buy’ rating and a target price of Rs 1,270 per share. This suggests an upside potential of around 32%. Nuvama highlights the potential for exponential growth in new energy to reshape the company’s long-term earnings trajectory.
Lenskart Solutions: Jefferies Focus on Growth Model
Jefferies has started covering Lenskart and has issued a ‘Buy’ rating with a target price of Rs 500. This suggests a possible 23% increase over the present market price. The brokerage firm is of the opinion that the company’s structure, expansion plan, and growth model can establish steady earnings in the coming years.
V-Mart and Vishal Mega Mart: Motilal Oswal’s Value Retail Bets
Motilal Oswal is optimistic about value retail, citing demand trends in smaller cities, early festive buying, and improved rural cash flows. The brokerage reaffirms a ‘Buy’ rating on V-Mart Retail and Vishal Mega Mart, noting the positive impact of the Pujo festival and strong double-digit revenue growth.
Cordelia Cruises IPO: Jefferies’ Coastal Cruise Focus
Cordelia Cruises plans to raise Rs 727 crore through a fresh issue, drawing attention to India’s coastal cruise market. Jefferies is bullish, viewing the IPO as a crucial step towards expanding the company’s operating base and tripling its capacity over the next two years.
Blue Star: Motilal Oswal’s ‘Neutral’ Stance
Motilal Oswal initiated coverage on Blue Star with a ‘Neutral’ rating and a target price of Rs 1,950, implying a 10% upside. The brokerage acknowledges Blue Star’s steady market share, robust growth drivers, and favorable financial outlook.
Finolex Cables: Anand Rathi Research’s Margin Play
Anand Rathi Research believes Finolex Cables’ shift towards margin improvement could lead to a significant re-rating. The brokerage reiterates a ‘Buy’ rating with a target price of Rs 975 per share, suggesting nearly 30% upside. They highlight backward integration and improved copper-rod performance as key factors driving profitability.
Solar Sector: Nuvama’s Bullish Outlook
Nuvama is optimistic about India’s solar sector, anticipating manufacturers to benefit from steady ordering supported by domestic content rules and growing project pipeline. The brokerage expects India to move from 127 GW of installed capacity to approximately 280 GW by 2030.
Reliance Industries: JP Morgan’s ‘Overweight’ Rating
JP Morgan is ‘Overweight’ on Reliance Industries, projecting an 11% upside. The brokerage has set a target price of Rs 1,727 per share, driven by shifts in refining margins, upcoming telecom and retail catalysts, and a turnaround in the energy segment.
LG Electronics: Jefferies’ India Growth Story
Jefferies sees India as a key growth driver for LG Electronics, placing a ‘Buy’ rating with a target price of Rs 2,200 per share, implying nearly 36% upside. The brokerage highlights India’s increasing profitability, driven by premiumization, stronger brand recognition, and consumer preference for high-value products.
Disclaimer: The stocks mentioned above are based on brokerage recommendations and are for informational purposes only. Investing in the stock market carries inherent risks, and it is essential to conduct thorough research and consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any financial losses incurred as a result of relying on the information provided in this article.
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