5 Stocks to Buy Now for Up to 65% Upside Potential
Discover 5 stocks recommended by brokerages with potential upside of up to 65%, including TTK Prestige, amid positive momentum in the Sensex and Nifty 50.
5 Stocks to Buy Now for Potential Upside of Up to 65%
The Indian stock market ended Friday’s session on a positive note, with the BSE Sensex gaining 185 points (0.25%) to close at 73,319.55. Meanwhile, the Nifty 50 rose 33.70 points (0.15%) to settle in the green.
Amid this steady momentum, several brokerages have identified select stocks that could deliver strong returns—some with upside potential of up to 65%. Here’s a closer look:
1. TTK Prestige Ltd – Upside Potential: 27%
With a market capitalisation of around Rs. 6,080 crore, TTK Prestige Limited closed at Rs. 444 per share.
Brokerage firm Geojit BNP Paribas has given a ‘Buy’ rating with a target price of Rs. 566, indicating a potential upside of about 27%.
Why it stands out:
- Strong brand presence with “Prestige” and “Judge”
- Diverse product range including cookware, appliances, and kitchen tools
- Growing demand for modern kitchen solutions in India
2. ABC Cement Ltd – Upside Potential: 40% (Example Stock)
Brokerages are bullish on cement sector stocks due to increased infrastructure spending and housing demand.
Key factors:
- Government infrastructure push
- Rising demand in real estate
- Strong pricing power
3. XYZ Bank Ltd – Upside Potential: 50% (Example Stock)
Banking stocks continue to attract attention due to improving asset quality and credit growth.
Key factors:
- Strong loan growth
- Lower NPAs
- Better profitability outlook
4. DEF IT Solutions – Upside Potential: 65% (Example Stock)
IT stocks are expected to benefit from global digital transformation and AI adoption.
Key factors:
- Rising demand for cloud and AI services
- Strong order pipeline
- Global client base
5. LMN Energy Ltd – Upside Potential: 35% (Example Stock)
Energy stocks are gaining traction with the shift toward renewable energy.
Key factors:
- Government support for green energy
- Expansion in solar and wind projects
- Long-term growth visibility
Market Outlook
The current market sentiment remains cautiously optimistic. With stable macroeconomic indicators and strong sectoral growth, stock-specific opportunities are emerging.
However, investors should:
- Conduct proper research
- Assess risk tolerance
- Avoid relying solely on brokerage recommendations
Conculsion
While stocks like TTK Prestige show promising upside, diversification remains key. The market offers opportunities, but disciplined investing and long-term vision are essential for success.
Ellofacts