Indian equity markets showed positive momentum following the developments at the SCO Summit in China. On Monday, the Nifty 50 index advanced by 116 points (0.47%), while the Nifty Bank index gained 265.40 points (0.49%). Despite the uptick, both indices faced pressure over the past week, with Nifty 50 down 1.04% and Bank Nifty lower by 1.30%.
Amid this volatility, leading brokerages have identified five stocks with a potential upside of up to 45%. Here’s a closer look:
1. Five-Star Business Finance
- Market Cap: ₹16,208 crore
- Stock Performance: Rose 0.98% on BSE Monday
- Overview: A fast-growing NBFC providing secured loans to small businesses, self-employed individuals, and micro-entrepreneurs, primarily in semi-urban and rural markets. Its loan portfolio covers business expansion, education, healthcare, and housing.
- Brokerage View: Motilal Oswal has given a ‘Buy’ rating with a target price of ₹800, implying a potential upside of ~45%.
2. 360 One Wam
- Market Cap: ₹41,150 crore
- Stock Performance: Increased 1.46% on BSE Monday
- Overview: A diversified wealth and asset management company serving HNIs, family offices, and corporates. Its services include advisory, portfolio management, estate planning, and distribution of financial products.
- Brokerage View: Motilal Oswal maintains a ‘Buy’ rating with a target of ₹1,450 per share, indicating an upside of ~40%.
3. Angel One
- Market Cap: ₹20,429 crore
- Stock Performance: Surged 2.80% on BSE Monday
- Overview: A leading financial services provider offering broking, trading, advisory, mutual funds, insurance, and IPO services through digital platforms.
- Brokerage View: Motilal Oswal has set a target price of ₹3,100, with a potential upside of ~37% from the latest closing price.
4. CEAT
- Market Cap: ₹12,726 crore
- Stock Performance: Gained 0.41% on BSE Monday
- Overview: A well-known tyre manufacturer with products across two-wheelers, passenger cars, commercial vehicles, and tractors. The company distributes through dealers, OEMs, and online channels both in India and abroad.
- Brokerage View: Analysts recommend a ‘Buy’, with a target price of ₹4,393, reflecting an upside of ~39%.
5. Equitas Small Finance Bank
- Market Cap: ₹5,829 crore
- Stock Performance: Up 1.4% on Monday
- Overview: A fast-expanding small finance bank offering savings accounts, loans, deposits, insurance, and investment services to individuals, MSMEs, and NRIs via branches and digital platforms.
- Brokerage View: Motilal Oswal projects a target of ₹70 per share, implying an upside of ~37%.
Final Takeaway
With Indian equities showing resilience despite global uncertainties, these five stocks—Five-Star Business Finance, 360 One Wam, Angel One, CEAT, and Equitas Small Finance Bank—stand out as strong picks. Backed by robust fundamentals and positive brokerage outlooks, they present investors with potential gains of up to 45%.
