Tata Motors, Dixon, VBL, and 3 other stocks in the market are showing strong upside potential of up to 48 percent, making them attractive for investors looking for growth. These companies have solid fundamentals, future growth plans, and rising promoter confidence.
Here are a few stocks recommended by analysts with a high growth potential of up to 48 percent:
1. Prince Pipes and Fittings Limited
With a market capitalization of Rs. 3,962.51 crore, the shares of Prince Pipes and Fittings Limited closed at Rs. 358.40 per equity share, up nearly 0.87 percent from its previous day’s close price of Rs. 355.30.
Motilal Oswal, a prominent brokerage firm, has recommended a “Buy” call on Prince Pipes and Fittings Limited with a target price of Rs. 500 per share, indicating an upside potential of 39.51 percent.
Prince Pipes and Fittings Limited was founded in 1987 and is based in Mumbai and is one of India’s largest manufacturers of polymer piping solutions. It produces PVC, CPVC, HDPE, and PPR pipes for plumbing, agriculture, sewage, and drainage under brands like Prince and Trubore.
2. Happiest Minds Technologies Limited
With a market capitalization of Rs. 9,926.03 crore, the shares of Happiest Minds Technologies Limited closed at Rs. 653.40 per equity share, up nearly 1.07 percent from its previous day’s close price of Rs. 646.50.
Anand Rathi, a prominent brokerage firm, has recommended a “Buy” call on Happiest Minds Technologies Limited with a target price of Rs. 790 per share, indicating an upside potential of 20.91 percent.
Happiest Minds Technologies Limited was founded in 2011 and is headquartered in Bengaluru. The company is a digital transformation IT company. It offers services like cloud computing, AI, blockchain, IoT, and security to industries including BFSI, healthcare, retail, and manufacturing.
3. Tata Motors Limited
With a market capitalization of Rs. 252,806.02 crore, the shares of Tata Motors Limited closed at Rs. 686.70 per equity share, up nearly 0.54 percent from its previous day’s close price of Rs. 683.
BNP Paribas Securities, a prominent brokerage firm, has recommended a “Buy” call on Tata Motors Limited with a target price of Rs. 830 per share, indicating an upside potential of 20.87 percent.
Tata Motors Limited was founded in 1945 and is a leading global automobile manufacturer. It produces cars, trucks, buses, and defense vehicles and owns Jaguar Land Rover. The company operates worldwide, offering innovative and diverse mobility solutions.
Also read: PSU stock to buy now for an upside of more than 30%; Recommended by Jefferies
4. Varun Beverages Limited
With a market capitalization of Rs. 156,176.92 crore, the shares of Varun Beverages Limited closed at Rs. 461.80 per equity share, up nearly 0.72 percent from its previous day’s close price of Rs. 458.50.
HSBC, a prominent brokerage firm, has recommended a “Buy” call on Varun Beverages Limited with a target price of Rs. 670 per share, indicating an upside potential of 45.08 percent.
Varun Beverages Limited was established in 1995 and is India’s leading manufacturer, bottler, and distributor of PepsiCo beverages. The company operates across India and international markets, producing soft drinks, juices, energy drinks, and bottled water.
5. Dixon Technologies (India) Limited
With a market capitalization of Rs. 87,564.72 crore, the shares of Dixon Technologies (India) Limited closed at Rs. 14,478.85 per equity share, up nearly 1.10 percent from its previous day’s close price of Rs. 14,321.20.
Nomura, a prominent brokerage firm, has recommended a “Buy” call on Dixon Technologies (India) Limited with a target price of Rs. 21,409 per share, indicating an upside potential of 47.86 percent.
Dixon Technologies (India) Limited was founded in 1993 and is a leading Indian electronics manufacturing services company. It produces consumer durables like LED TVs, washing machines, mobile phones, lighting products, and security systems for brands such as Samsung and Xiaomi.
6. Indiamart Intermesh Limited
With a market capitalization of Rs. 15,668.39 crore, the shares of Indiamart Intermesh Limited closed at Rs. 2610 per equity share, down nearly 1.04 percent from its previous day’s close price of Rs. 2,637.45.
Nuvama Institutional Equities, a prominent brokerage firm, has recommended a “Buy” call on Indiamart Intermesh Limited with a target price of Rs. 3,800 per share, indicating an upside potential of 45.59 percent.
IndiaMART InterMESH Limited was established in 1999 and is India’s largest online B2B marketplace. The company connects buyers and suppliers, making it easy for businesses to discover products and services and connect with sellers nationwide
Written By – Nikhil Naik
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