Brokerages Project 10-43% Upside for 10 ‘Buy’-Rated Stocks

Despite domestic equity markets closing the week on a cautious note, with the Nifty 50 and BSE Sensex seeing slight declines, leading research houses have identified 10 key stocks with ‘Buy’ recommendations. This comes as crude oil prices neared the $90 a barrel mark.

These brokerages — including Nomura, Jefferies, CLSA, Emkay Global, Nuvama, Antique, Bernstein, JM Financial, and Motilal Oswal — anticipate significant returns from these picks. Projections range from 10% to 43%.

Top Brokerage Picks and Projections

Nuvama issued a ‘Buy’ on LG Electronics, driven by consumer preference for high-end products and recent price hikes.

• Target Price: Rs 1,910
• Implied Upside: 21%

CLSA rated Bharat Electronics ‘Outperform’, citing its crucial role in India’s defence aerospace sector.

• Target Price: Rs 522
• Implied Upside: 27.2%

JM Financial gave Tata Motors Passenger Vehicle an ‘Add’ rating, based on strong domestic passenger vehicle and EV demand despite margin pressures.

• Target Price: Rs 375
• Implied Upside: 13%

Emkay Global recommended ‘Buy’ on Siemens, supported by its healthy order backlog.

• Target Price: Rs 4,600
• Implied Upside: 14.7%

Jefferies holds a ‘Buy’ rating on MCX, expecting a boost from potential foreign portfolio investor participation.

• Target Price: Rs 3,600
• Implied Upside: 25%

Nomura raised Titan’s target price, following the company’s robust Q1 performance.

• Target Price: Rs 5,425
• Implied Upside: 10%

Jefferies also rated Tata Consumer Products ‘Buy’, noting its limited exposure to crude-linked input costs.

• Target Price: Rs 1,450
• Implied Upside: 37%

Antique recommended ‘Buy’ on Hindustan Aeronautics, recognizing its monopoly position in defence aerospace.

• Target Price: Rs 6,026
• Implied Upside: 22%

Bernstein upgraded Paytm to ‘Outperform’, anticipating the potential introduction of UPI MDR.

• Target Price: Rs 2,200
• Implied Upside: 36.3%

Finally, Motilal Oswal gave Gopal Snacks a ‘Buy’ rating, driven by strong revenue growth and operational efficiencies from a new plant.

• Target Price: Rs 390
• Implied Upside: 43%

These recommendations highlight specific growth drivers and strong business fundamentals across defence, fintech, autos, and consumer goods, despite broader market cautiousness.