Nifty crossed the 26,000 mark this week after the US Fed’s rate cut lifted market sentiment. Amid this rally, leading brokerages shared their top recommendations, highlighting 10 stocks with upside potential ranging from 6% to a massive 91%.
Motilal Oswal expects Tata Steel to climb 27% to ₹210, driven by strategic expansion and its Thriveni Pellets acquisition. Jefferies stays bullish on JSW Steel with a 16% upside to ₹1,300, betting on capacity growth and stronger steel spreads.
JM Financial has an ‘Add’ on Siemens, targeting ₹3,480, implying an 11% gain post its LVM sale. ICICI Direct values Kaynes Technologies at ₹6,400 with 48% upside, while JP Morgan is even more bullish, pegging 91% upside to ₹7,550, citing strong fundamentals.
Jefferies sees KFin Technologies soaring 40% to ₹1,460 on rising profitability. Nomura maintains a ‘Buy’ on Coforge with a ₹2,000 target (6% upside).
Emkay Global values HDFC Bank at ₹1,225 with 23.7% upside after positive management interactions. Lastly, Motilal Oswal expects Suzlon Energy to surge 43% to ₹74 as cash flow and capacity improve.
Overall, brokerages remain upbeat on India’s steel, tech, bank, and renewable energy plays.
