10 midcap stocks with massive upside potential of up to 55%! Do you own any?
Ten Nifty Midcap 100 stocks have been identified based on analyst consensus estimates, with projected upside ranging from 23% to 53% over the next 12 months. Patanjali Foods, Vishal Mega Mart and Suzlon Energy lead the list, with analysts assigning Strong Buy ratings and significant potential gains based on target prices.
Analyst forecasts can provide valuable insights into a stock's future potential. In the Nifty Midcap 100 index, a recent analysis has identified 10 mid-cap stocks with significant upside potential, ranging from 25% to 55% over the next 12 months. These stocks are currently trading at prices with estimated target prices, which offer a data-driven perspective of their high return potential.
Among these stocks, one is trading at Rs 348, with an estimated target price of Rs 533, indicating a potential upside of 53%. It carries a STRONG BUY consensus rating from 4 analysts. Another stock is currently at Rs 103, with an estimated target price of Rs 147, suggesting a potential upside of 43% and a consensus rating of STRONG BUY from 18 analysts.
Other stocks include one at Rs 46.71, with an estimated target price of Rs 62, indicating a potential upside of 33% and a consensus rating of STRONG BUY from 13 analysts. Another stock is trading at Rs 484.2, with an estimated target price of Rs 630, suggesting a potential upside of 30% and a consensus rating of BUY from 9 analysts.
Additional stocks include one at Rs 282.5, with an estimated target price of Rs 365, suggesting a potential upside of 29% and a consensus rating of BUY from 27 analysts. Another stock is at Rs 569, with an estimated target price of Rs 731, indicating a potential upside of 29% and a consensus rating of BUY from 17 analysts. The last stock is at Rs 1,655.4, with an estimated target price of Rs 2,109, suggesting a potential upside of 27% and a consensus rating of BUY from 11 analysts.
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