Top stock picks: Shares of these companies can rally up to 25-50% – CNBC TV18
1 / 8Leading brokerages have identified significant upside potential in stocks like Persistent Systems, RIL, PVR Inox, and others. With target prices implying gains ranging from 22% to 53%, these picks are backed by strong fundamentals, market trends, and positive management outlooks. Here’s a look at the top recommendations.
2 / 8PVR Inox has a 58% upside potential, with CLSA setting a ₹2,450 target price from Friday’s ₹1,554.65 close. Growth catalysts include rising footfalls, strong box office performance, and merger synergies.
3 / 8ACC has a potential 44% upside to ₹3,250 from Friday’s ₹2,257.05 close, says JP Morgan. Improved demand for cement and operational efficiencies support the overweight rating.
4 / 8JP Morgan projects Indus Towers target price at ₹520, a 43% upside from Friday’s ₹364.90 close, while Citi targets ₹485, up 33%. Key drivers include tenant recovery and stable rental agreements.
5 / 8CLSA targets Persistent Systems at ₹8,462, offering a 37% upside from Friday’s ₹6,178 close. Growth drivers include robust order inflows and increasing demand for digital transformation services in the IT sector.
6 / 8JPMorgan’s target of ₹1,900 implies a 28% upside for KPIT Technologies from Friday’s ₹1,480.35 close. Prabhudas Lilladher is even more bullish, projecting ₹2,500 post ₹1900 mark, citing technical breakouts and strong EV-focused strategies.
7 / 8Reliance Industries could see a 26% upside to ₹1,660, according to JM Financial, from Friday’s ₹1,313.10 close. Motilal Oswal’s ₹1,628 target reflects a 24% gain, backed by festive-driven retail growth, telecom tariff hikes, and improved GRMs.
8 / 8Goldman Sachs targets Crompton Greaves at ₹500, implying a 23% upside from Friday’s ₹406 close. Strong demand for smart electrical solutions and product innovation fuel the bullish outlook.
