Several brokerage firms have started tracking eight Indian stocks and believe they have strong upside potential. According to these firms, some of these stocks could rise by up to 72% from their current prices, based on business growth and sector trends.
Well-known companies like Adani Power and Tata Motors are part of this list. Analysts are positive about Adani Power due to its strong position in the power sector and steady demand for electricity. Tata Motors is expected to benefit from better sales in its commercial vehicle business and continued focus on electric vehicles.
Other stocks on the list include Groww, Aurionpro Solutions, Oswal Pumps, Coforge, IDFC First Bank, and Emmvee Photovoltaic. Brokers see Groww as a fast-growing player in the retail investing space, while Aurionpro is gaining from its global technology services business.
Oswal Pumps is expected to benefit from rising demand for agricultural and solar pumps. Coforge has a healthy order book and stable growth outlook in the IT services sector. IDFC First Bank is showing improvement due to rising loans and deposits, along with better financial stability. Emmvee Photovoltaic could gain from the growing use of solar energy in India.
Most of these stocks have received Buy or Add ratings from brokerages, with price targets higher than current levels. This reflects confidence in their future performance.
However, experts also remind investors that stock market investments involve risk. While broker reports provide useful guidance, investors should study the companies carefully and consider market conditions before making any investment decisions.
