Finance1 min read

Largecap dhamaka! 6 bluechip stocks with upside of up to 48% to buy this Diwali

By · Published by Everything Blog

In short

Religare Broking identified six blue-chip companies positioned for double-digit growth in the coming year. Mahindra & Mahindra stands out with the highest projected upside of 48% at a target price of Rs 4,377. Additional picks cover firms in energy and finance, such as Bajaj Finance, which holds a 10.20% upside driven by its diversified consumer lending franchise.

Key points

  • Sector leaders are positioned to deliver up to 48% upside despite ongoing global headwind…: Sector leaders are positioned to deliver up to 48% upside despite ongoing global headwinds and volatile capital movements.
  • Diverse industries including automotive, technology, infrastructure, and renewable energy…: Diverse industries including automotive, technology, infrastructure, and renewable energy present multiple paths for double-digit portfolio gains.
  • Financial institutions in the selection are supported by strong balance sheets, healthy a…: Financial institutions in the selection are supported by strong balance sheets, healthy asset quality, and diversified lending operations.

Sources checked by our analysis pipeline: 1

As investors enter Samvat 2083, the landscape calls for selectivity rather than indiscriminate optimism. Global uncertainties, fluctuating capital flows and evolving market expectations continue to influence equity performance. In this environment, sustainable wealth creation is likely to depend less on broad-based market movements and more on identifying businesses capable of delivering consistent earnings growth. Here are 10 largecap stocks Religare is bullish on.

Agencies

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Bajaj Finance

With a target price of Rs 1,096, Religare Broking forecasts 10.20% upside from current levels. Bajaj Finance is a leading diversified NBFC with a strong consumer-finance franchise, extensive distribution network and growing presence across SME, commercial, mortgage and rural lending. Its large customer base, multi-product strategy and technology-led underwriting provide structural advantages in customer acquisition, cross-selling and risk management.

ETMarkets.com

3/7

Larsen & Toubro

With a target price of Rs 4,510, the brokerage forecasts an upside potential of 12% from current levels. L&T offers an attractive play on India’s infrastructure capex cycle and rising global energy investments, with its record order book providing strong revenue visibility over the medium term. The company expects…

Finance