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6 Stocks to Buy: Brokerages recommend these with 30% upside potential — IOCL, BEL in the list
- Written by Shweta Birendra Shukla
Published: Zee Business| Updated: Zee Business
Indian equity markets showed mixed trends on Tuesday, with the Nifty sliding to a three-month low at 25,232.50, down 1.38 per cent, while the BSE Sensex edged higher to 82,180.47, gaining 1.28 per cent. Market corrections like this often create valuable opportunities to enter fundamentally strong stocks. A fresh list of six quality picks has emerged that could deliver an average upside of around 23 per cent once the market stabilises.
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IOCL Share Price Target
1/6JP Morgan maintained an Overweight call on IOCL with a target of Rs 185 (CMP: Rs 160). OMC stocks have already risen 23–30% in the past year on strong earnings upgrades. While some FY26 upgrades may still come, FY27 revisions will be key for further upside. JP Morgan cautioned that possible excise duty hikes could pressure FY27 earnings, and in the absence of policy clarity or a sharp fall in crude prices, the OMC rally may take a breather.
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BPCL Share Price Target
2/6JP Morgan maintains an Overweight rating on BPCL. Target price raised to Rs 465 from Rs 460. Current market price: Rs 361
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MFSL Share Price Target
3/6Shares of life insurer Max Financial Services are currently trading at Rs 1,638.90. Motilal Oswal has set a target price of Rs 2,100, implying an upside of about 27 per cent from current levels. Over the past year, the stock has delivered a strong 52 per cent return. The stock’s 52-week high stands at Rs 1,764.65, while the 52-week low is Rs 972.55.
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Biocon Share Price Target
4/6BSE 200-listed pharmaceutical company Biocon has been added to a brokerage’s fundamental picks list. The brokerage has set a target price of Rs 460, indicating a potential upside of around 23 per cent from current levels. The stock has declined by nearly 8 per cent over the past month. Biocon’s 52-week high stands at Rs 424.95, while the 52-week low is Rs 290.80. The company’s market capitalisation on the BSE is Rs 59,649.41 crore.
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BEL Share Price Target
5/6Brokerages have issued a buy recommendation on government-owned defence company Bharat Electronics Ltd (BEL). The defence stock has been assigned a target price of Rs 500, compared with its current level of Rs 367.75, indicating a potential upside of over 22 per cent. Over the past year, BEL shares have gained around 43 per cent. The stock’s 52-week high is Rs 435.95, while the 52-week low stands at Rs 240.15. BEL’s market capitalisation on the BSE is Rs 2,98,860.31 crore.
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JK Cement Share Price Target
6/6A brokerage has named JK Cement, a BSE 500-listed company, as a positional pick. The cement stock has been assigned a target price of Rs 7,000 per share, implying a potential upside of around 21 per cent from current levels. The stock’s 52-week high stands at Rs 7,565, while the 52-week low is Rs 4,225. JK Cement has a market capitalisation of Rs 45,509.98 crore. Over the past year, the stock has gained 30.95 per cent, while it has delivered returns of about 107 per cent over the past three years.
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