Three big brokerage firms have spotlighted twelve Indian stocks they believe could grow, despite Nifty50's 8% drop this year amid geopolitical tensions and oil spikes . On the list: giants like Reliance Industries and HDFC Bank, plus smaller names like APAR Industries and Ujjivan Small Finance Bank.
Goldman Sachs is backing several stocks, including Reliance Industries,down 18.5% this year. As India's largest conglomerate,Reliance spans energy to telecom. They also like HDFC Bank, which has slid 24% but remains India's top private bank offering a wide range of financial services.
Goldman Sachs is also eyeing Adani Power,up 46% this year. It's one of India's leading private thermal power producers. Adani Enterprises,the Adani Group's flagship, has climbed 39.2%,making it the top performer on the Nifty index this year .
InCred Equities sees APAR Industries as strong pick,with a target price of ₹17,350, a potential 27% gain from ₹13,632. They also recommend Container Corporation of India (CONCOR), with a target price of ₹705, suggesting a 47% rise from ₹480.
InCred also targets ₹686 for Tenneco Clean Air India,a 23% increase from ₹556,and ₹1,450 for Home First Finance Company India,a 17% gain from ₹1,238.
Axis Bank offers its own picks,like Chalet Hotels, with a target of ₹1,000, a 22% upside. Known for high-end hotels in major Indian cities, Chalet partners with global brands.
Ujjivan Small Finance Bank is also on Axis's radar, with a target of ₹78,a 20% upside. The bank serves low to middle-income clients and became a bank in February 2017.
Finally,Minda Corporation is targeted at ₹785,a 17% jump from its last close. It makes automotive components for domestic and international markets. Healthcare Global Enterprises rounds out list with a target of ₹750,a 12% rise. They're a leader in oncology services in India,running a network of cancer centers nationwide.
Amidst market challenges,these brokerage picks offer investors potential growth opportunities .
