Domestic equity benchmarks are once again stuck in ranges, with the Nifty 50 having see-sawed within a 600-odd point band so far in July. The 50-blue-chip gauge has gyrated between 25,002 and 25,608 so far this month, as investors and analysts track corporate earnings closely.
Are there any fresh investment opportunities on Dalal Street? Here are a few stocks that analysts have handpicked from a fundamental perspective, with targets implying potential gains to the tune of 13-29 per cent as of July 17.
These seven picks are: Tech Mahindra, HDFC Life Insurance, JSW Steel, Vishal Mega Mart, AWL Agri Business, Cera and Greenply.
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1/7Axis Direct has a 'buy' rating assigned to the largecap IT stock with a target price of Rs 1,775.
As of July 17, the brokerage's target suggests a potential upside of 13.5 per cent in the TechM stock.
2/7Motilal Oswal Financial Services Ltd (MOFSL) has a 'buy' call on HDFC Life shares with a target of Rs 910.
The target implies a potential upside of 21 per cent in the stock.
3/7Motilal Oswal Financial Services has a 'buy' rating assigned to JSW Steel shares with a target of Rs 1,180. The target suggests an upside of 14.1 per cent in the steelmaker's stock.
4/7Motilal Oswal Financial Services has a 'buy' call on Vishal Mega Mart shares with a target of Rs 165.
The target suggests an upside of 20.5 per cent.
5/7ICICI Securities has a 'buy' rating on AWL Agri Business shares with a target of Rs 360, suggesting an upside of 29.4 per cent.
6/7Axis Direct has a 'buy' call on the Cera Sanitaryware stock with a target price of Rs 8,500.
The target indicates a potential upside of 20.5 per cent in the stock.
7/7Axis Direct has a 'buy' call on Greenply Industries shares with a target of Rs 385.
The target suggests an upside of 16.8 per cent in the stock.