Top Stock Picks For 2025 — The 12 shares that should be on your radar – CNBC TV18
1 / 12Brokerage firm JM Financial has listed out 12 bottom-up stocks that it wants investors to bet on for 2025. These range from Nifty names like Maruti Suzuki Ltd. and Axis Bank Ltd. to broader market names like KPIT Tech, Havells, BHEL and even Zee Entertainment. The potential upside for these stocks ranges from 9% to as high as 50% for 2025. Here is a look at these names.
2 / 12Axis Bank | JM Financial has a price target of ₹1,425 on Axis Bank, implying a potential upside of 22.5%. The lender’s ability to navigate tight liquidity conditions, moderation in opex and control on credit costs should help sustain its outperformance over peers. JM Financial sees limited valuation downside from current levels.
3 / 12Nippon AMC | JM Financial has a price target of ₹800 on the stock, implying a potential upside of 9% from current levels. It calls the stock fairly valued and projects a net profit CAGR of 19.5% over financial year 2024-2027.
4 / 12Maruti Suzuki | JM Financial expects a 35% upside for India’s largest passenger car manufacturer as it ascribes a price target of ₹15,250 for the stock. A favourable shift in the powertrain mix is still underappreciated by the street, according to the brokerage, who also expects this move to drive healthy operating leverage.
5 / 12Samvardhana Motherson | JM Financial has a price target of ₹210 for the stock, which implies a potential upside of 25.7% from current levels. It attributes the outperformance to higher content per vehicle owing to premiumusation and hybridisation. “The company, with its global presence, wide customer base and expanding product portfolio presents a multi-year growth opportunity,” the brokerage said.
6 / 12Ahluwalia Contracts | JM Financial has a price target of ₹1,315 for the stock, implying a potential upside of 22.7% from current levels. The brokerage is factoring in an Earnings Per Share (EPS) CAGR of 30% over financial year 2024-2027, driven by strong revenue growth and margin expansion due to better project mix.
7 / 12KPIT Tech | A ₹2,040 target for the stock implies a potential upside of 33.1% for this midcap IT name. JM Financial believes that despite the recent headwinds, KPIT will still deliver a 17% revenue CAGR over financial year 2024-2027 compared to estimates of 17.5% and a 22% EPS CAGR. Operating leverage and offshoring are key levers for margin expansion going forward.
8 / 12Zee Entertainment | Shares of Zee Entertainment have more than halved from their peak and JM Financial has a price target of ₹200 on the stock, implying a potential upside of 41% from current levels. It expects better profits for Zee as merger related settlements are closed and one-off expenses should now be behind. JM Financial believes that for a media company with a 17% viewership share, the stock is undervalued.
9 / 12Havells | JM Financial has a price target of ₹2,031 for the stock, implying a potential upside of 18.4% from current levels. It expects volumes for Havells to grow based on a pick-up in construction activity, demand improvement and market share gains. It expects a revenue CAGR (ex-Lloyd) of 15% over financial year 2024-2027 for Havells. It values Havells at a premium based on its strong brand, distribution, in-house manufacturing, export opportunity, market share gains, strong balance sheet and better return ratios.
10 / 12Cyient DLM | A stock with one of the highest return potential, JM Financial has a price target of ₹960 for the stock, which implies a potential upside of 45% from the current price. The company is also diversifying revenue through inorganic expansions due to which it projects a revenue, EBITDA and net profit CAGR of 44%, 54% and 66% over financial year 2024-2026. Substantial export share is a key risk due to global inflation, economic downturns and geopolitical uncertainties.
11 / 12Metropolis | JM Financial has a price target of ₹2,500 on the stock, implying a potential upside of 14.3%. It expects a 30% EPS CAGR over financial year 2024-2027 and 25% over financial year 2025-2027. The reduction in competitive intensity, margin expansion and inorganic expansion suggest a favourable outlook for Metropolis, according to JM Financial.
12 / 12BHEL | The state-run company has a potential upside of 49% from current levels, based on the price target of ₹371. It expects a revenue and EBITDA CAGR of 30% and 103% over financial year 2024-2027. The company appears to have regained its growth trajectory due to a growing and executable order book, pick-up in execution and better margins.
