10 stocks with upto 58% upside by Top brokerages

Indian equity markets had a strong week, with the Nifty crossing 25,900 and the Sensex gaining over 1,100 points. Leading brokerages like Motilal Oswal, Jefferies, Nomura, and Nuvama shared their latest stock recommendations. Here’s a concise overview of ten stocks with significant upside potential.

Motilal Oswal remains positive on Hindustan Aeronautics, expecting growth driven by orders, including 97 Tejas Mk1A aircraft worth Rs 62,400 crore. The target price stands at Rs 1,800, implying a 22% gain.

Asian Paints is seen as ready for a comeback. Jefferies raised its target to Rs 3,300, indicating a 24% rise, while Motilal Oswal upgraded its target to Rs 3,000 with a ‘Neutral’ stance.

Jefferies highlighted Honasa Consumer’s margin surprise and growth stability, assigning a target of Rs 450, implying almost 58% upside.

Bajaj Finance’s healthy asset growth and decent festive season results impressed Jefferies, which raised the price target to Rs 1,270 for a 17% return.

Motilal Oswal upgraded KEC International to ‘Buy’ with a target of Rs 920, citing strong order inflows and margin recovery.

Other notable buys include JSW Infrastructure (target Rs 360), Petronet LNG (target Rs 390), and Britannia Industries (target Rs 7,150), all showing solid growth prospects.

Nuvama gave a ‘Reduce’ rating on Prince Pipes amid sector pressures, cutting its target to Rs 239.

Nomura raised revenue forecasts for Nykaa but retained a ‘Neutral’ rating with a target of Rs 262.Overall, these stocks present attractive opportunities backed by solid brokerage analysis