8 small, midcap stocks with upside potential of up to 50%. How many are in your portfolio?
Following an eight-week losing streak in the Nifty, its first such run since 2001, domestic brokerage PL Capital remains cautious on the near-term market outlook. The brokerage does not expect a V-shaped recovery and does not rule out a further decline before the market enters a consolidation phase. The brokerage said the Nifty is currently trading at 15.5 times its one-year forward earnings, a…
Eight small and midcap stocks with potential for a 50% or more increase in value are attracting the attention of brokerage PL Capital. Despite the Nifty being down by 19.3% from its 15-year average price-to-earnings multiple, these stocks have managed to maintain a positive outlook. Amber Enterprises India is leading the pack with a 38% upside from its current price of Rs 6,690 to a target of Rs 9,234.
Similarly, Aster DM Quality Care, Blue Star, CESC, Healthcare Global Enterprises, Ingersoll-Rand (India), Jindal Stainless and Mahindra Logistics all show varying degrees of potential upside, ranging from 13% to 50%. Despite the cautionary tone of PL Capital's outlook, these stocks present an intriguing opportunity for investors looking to capitalize on the market's next move.
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