Synopsis : Despite recent market volatility, leading brokerages remain bullish on select stocks across power, energy, telecom, infrastructure, auto, and real estate sectors. Here are 10 stocks that analysts believe could deliver returns ranging from 14% to nearly 68%.
Indian markets ended the week on a strong note, with the Sensex and Nifty rallying sharply as easing crude oil prices improved investor sentiment. Amid the broader recovery, top brokerage firms including Macquarie, Nomura, Jefferies, JM Financial, Motilal Oswal, Axis Securities, and HSBC have highlighted several stocks with attractive upside potential.
Here's a look at the top 10 ‘Buy’ recommendations that stood out this week.
1. Power Grid Corporation
Macquarie remains positive on India's power sector transformation driven by rising electricity demand, transmission investments, and regulatory reforms. The brokerage believes Power Grid is well-positioned to benefit from the upcoming transmission-led capex cycle.
2. Aegis Logistics
The brokerage upgraded its earnings estimates after strong performance in the LPG distribution business. Exceptional volume growth and improved profitability continue to strengthen Aegis Logistics' growth outlook.
3. Mahanagar Gas
Nomura believes recent gas price revisions have significantly improved earnings visibility for city gas distribution companies. The brokerage expects margins to recover while demand remains resilient across industrial and commercial segments.
4. JSW Infrastructure
India's focus on logistics efficiency, port modernization, and multimodal transport infrastructure continues to support the long-term growth outlook for JSW Infrastructure.
5. JSW Energy
Jefferies remains optimistic after the company's successful QIP fundraising. A stronger balance sheet and aggressive renewable energy expansion plans continue to support the investment case.
6. Bharti Airtel
Nomura believes Airtel remains one of the strongest telecom plays in India, supported by robust subscriber growth, improving ARPU trends, and manageable regulatory liabilities.
7. Maruti Suzuki
Strong domestic demand and record sales volumes continue to drive optimism around India's largest passenger vehicle manufacturer. Export growth remains another key tailwind.
8. Gabriel India
Gabriel India is evolving beyond its traditional suspension business into a broader mobility solutions company, creating new growth opportunities across the automotive value chain.
9. Adani Green Energy
The brokerage remains positive on Adani Green's ambitious expansion plans as it targets increasing renewable energy capacity from 19.3 GW to 50 GW by 2030.
10. Godrej Properties
Godrej Properties emerged as the most bullish brokerage call this week. HSBC highlighted the company's record pre-sales performance, strong project pipeline, and diversified business model as key growth drivers.
Top Broker Picks at a Glance
| Stock | Brokerage | Upside Potential |
|---|---|---|
| Godrej Properties | HSBC | 68% |
| Power Grid | Macquarie | 40% |
| Mahanagar Gas | Nomura | 35% |
| Aegis Logistics | JM Financial | 34% |
| JSW Infrastructure | Motilal Oswal | 34% |
| JSW Energy | Jefferies | 30% |
| Gabriel India | Motilal Oswal | 29% |
| Bharti Airtel | Nomura | 25% |
| Adani Green Energy | Jefferies | 16% |
| Maruti Suzuki | Axis Securities | 14% |
Final Takeaway
Brokerages continue to identify opportunities in sectors benefiting from structural growth themes such as energy transition, infrastructure development, real estate expansion, telecom digitization, and automobile demand recovery. While market volatility remains a factor, these stocks have emerged as some of the most preferred ideas among analysts this week.
Disclaimer : This article is for informational purposes only and should not be considered investment advice. Brokerage recommendations and target prices are subject to change based on market conditions. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.
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