Indian Stocks: Brokerages Predict 13-55% Returns on 10 ‘Buy’ Picks

Leading brokerages have issued ‘Buy’ recommendations for ten Indian stocks, projecting returns ranging from 13% to 55%, even as domestic equity markets closed with caution. The Nifty 50 and BSE Sensex both declined due to climbing crude oil prices.

Market Snapshot

• Nifty 50: Closed lower by 0.47%
• BSE Sensex: Closed lower by 0.44%
• Crude Oil Prices: Approached $90 a barrel
• Projected Stock Returns: Between 13% and 55%

Key Brokerage Recommendations

Bernstein recommended NTPC, projecting a 32% upside with a target price of Rs 450, driven by India’s expanding battery energy storage systems. Macquarie Research maintained an ‘Outperform’ rating on Bharat Electronics, citing a 35.04% upside to a target price of Rs 550, attributed to its diverse order book.

Macquarie also assigned an ‘Outperform’ rating to Cummins India, forecasting a 19.39% upside to Rs 6,150, based on robust demand from power generation and data centers.

Motilal Oswal and Jefferies Picks

Motilal Oswal initiated coverage on Adani Enterprises with a ‘Buy’ rating, setting a target price of Rs 3,880 for a 25% upside. This recommendation highlights the firm’s strategic position in long-term investment themes including transport infrastructure, energy transition, and digitalization.

Jefferies named Bharti Airtel as its top pick in the telecom sector, noting robust revenue growth and market share gains. The firm projects a 12% Compound Annual Growth Rate for the sector between FY27 and FY29.

Additionally, Jefferies recommended Sai Life Sciences with a ‘Buy’ rating, anticipating a 10.7% upside to Rs 1,610, following strong growth in its CRO business and margin beats.

CLSA and Emkay Global Insights

CLSA issued a ‘High-Conviction Outperform’ rating on Eternal, targeting Rs 506 for a significant 54.5% upside, linking this to Blinkit’s growth and improvements in food delivery. The firm also maintained this rating for Avenue Supermarts, projecting a 46.4% upside to Rs 5,723, driven by its low-cost retail model and private label expansion.

Emkay Global Research placed a ‘Buy’ rating on Hyundai Motor India, raising its target price to Rs 2,600 for a 16.8% upside. This outlook is based on a favorable product cycle and SUV premiumization.

Motilal Oswal also rated V-Mart Retail as a ‘Buy’, setting a target price of Rs 975, which implies a 13% upside, citing healthy demand momentum and improving profitability.

These diverse recommendations underscore strong business fundamentals, solid quarterly performances, and sector-specific growth drivers, offering opportunities as broader market sentiments continue to evolve.