Are there any fresh investment opportunities on Dalal Street? Domestic equity benchmarks are once again stuck in ranges, with the Nifty 50 having gyrated within a 450-odd point band for the month, as of August 11. The 50-blue-chip gauge has largely see-sawed within the 24,350-24,800 band during this period as investors weigh the potential impact of US tariffs on growth and analyse domestic financial results. Here are a few stocks that analysts have handpicked from a fundamental perspective, with targets implying potential gains to the tune of 16-40 per cent.
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1/8These seven picks are:
Cummins Kirloskar Oil Engines Automotive Axles Cera Sanitaryware Lupin NCC PVR INOX
2/8IDBI Capital Markets has a 'buy' rating assigned to Cummins India shares with a target price of Rs 4,401 apiece.
The brokerage's target suggests a potential upside of 16.5 per cent in the stock, as of August 11 (intraday).
3/8IDBI Capital Markets has a 'buy' call on the stock with a target of Rs 1,067, which indicates a potential upside of 18 per cent.
4/8Axis Direct has a 'buy' rating assigned to Automotive Axles shares with a target of Rs 1,950. The target suggests an upside of 18.6 per cent in the stock.
5/8Axis Direct has a 'buy' rating on Cera shares with a target of Rs 8,500 (36.2 per cent upside).
6/8Emkay Global Financial Markets has a 'buy' call assigned to the drug maker's stock with a target price of Rs 2,500.
The target suggests an upside of 30.4 per cent.
7/8ICICI Securities has a 'buy' rating on NCC shares with a target of Rs 262 apiece.
The target suggests a potential upside of 17 per cent in the stock.
8/8ICICI Securities has a 'buy' call on the PVR INOX stock with a target price of Rs 1,500 per share.
The brokerage's target indicates a potential upside of 40.5 per cent in the stock.