10 Stocks to Buy for an Upside of Up to 31%; Recommended by Macquarie
Macquarie has identified ten stocks that could offer strong growth potential, with some stocks offering an upside of up to 31 percent from current levels. The brokerage’s picks span multiple sectors and are supported by factors such as improving earnings prospects, strong business fundamentals and favourable industry trends.
With investors closely tracking opportunities that could deliver attractive returns, Macquarie’s latest recommendations have drawn attention. In this article, we take a closer look at the ten stocks on the brokerage’s list, their potential upside and the key factors that could support their growth in the coming period. Here are ten stocks recommended by Macquarie with a high growth potential of up to 31 percent:
Also read: Sterlite Is Moving From “Sell More” to “Sell Better.” Can the New Model Justify Its Premium Valuation?
Kotak Mahindra Bank Limited
With a market capitalization of Rs. 4,14,130.30 crore, the shares of Kotak Mahindra Bank Limited were currently trading at Rs. 416.30 per equity share, down nearly 0.83 percent from its previous day’s closing price of Rs. 419.80 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on Kotak Mahindra Bank Limited with a target price of Rs. 500 per share, indicating an upside potential of 20.11 percent from its current price of Rs. 416.30.
Kotak Mahindra Bank Limited is one of India’s prominent private-sector financial institutions, offering a broad range of banking and financial services. Its operations span consumer banking, commercial banking, corporate banking, treasury, wealth management, and investment banking. The bank provides products including savings accounts, deposits, loans, credit cards, insurance and investment solutions.
Bank of Baroda
With a market capitalization of Rs. 1,20,156.60 crore, the shares of Bank of Baroda were currently trading at Rs. 232.35 per equity share, rising nearly 0.26 percent from its previous day’s closing price of Rs. 231.75 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on Bank of Baroda with a target price of Rs. 280 per share, indicating an upside potential of 20.51 percent from its current price of Rs. 232.35.
Bank of Baroda is one of India’s largest public-sector banks, with a long operating history and a broad domestic and international presence. The bank provides a comprehensive range of financial services covering retail banking, corporate banking, agriculture and rural banking, MSME finance, treasury and wealth management. Its product portfolio includes deposits, home loans, personal loans, business loans, credit cards and digital banking services.
Mahindra & Mahindra Financial Services Limited
With a market capitalization of Rs. 45,118.65 crore, the shares of Mahindra & Mahindra Financial Services Limited were currently trading at Rs. 324.55 per equity share, rising nearly 1.39 percent from its previous day’s closing price of Rs. 320.10 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on Mahindra & Mahindra Financial Services Limited with a target price of Rs. 395 per share, indicating an upside potential of 21.71 percent from its current price of Rs. 324.55.
Mahindra & Mahindra Financial Services Limited, commonly known as Mahindra Finance, is a leading non-banking financial company focused primarily on financing customers in rural and semi-urban India. The company provides financing for tractors, cars, commercial vehicles, construction equipment and other assets, along with housing finance, insurance and investment products.
LIC Housing Finance Limited
With a market capitalization of Rs. 27,712.17 crore, the shares of LIC Housing Finance Limited were currently trading at Rs. 503.80 per equity share, down nearly 1.31 percent from its previous day’s closing price of Rs. 510.50 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on LIC Housing Finance Limited with a target price of Rs. 660 per share, indicating an upside potential of 31 percent from its current price of Rs. 503.80.
LIC Housing Finance Limited is one of India’s leading housing finance companies and is promoted by Life Insurance Corporation of India. The company provides housing loans for the purchase, construction, renovation and improvement of residential properties. It also offers loans against property and financing solutions for individuals, professionals, developers and other customer segments.
ICICI Prudential Life Insurance Company Limited
With a market capitalization of Rs. 65,711.73 crore, the shares of ICICI Prudential Life Insurance Company Limited were currently trading at Rs. 452.80 per equity share, rising nearly 0.79 percent from its previous day’s closing price of Rs. 449.25 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on ICICI Prudential Life Insurance Company Limited with a target price of Rs. 540 per share, indicating an upside potential of 19.26 percent from its current price of Rs. 452.80.
ICICI Prudential Life Insurance Company Limited is a leading private-sector life insurance company in India, promoted by ICICI Bank and Prudential Corporation Holdings. Established in 2000, the company offers a diverse portfolio of protection, savings, investment, retirement and health-related insurance products. It serves customers through multiple distribution channels, including bancassurance, individual agents, direct channels and digital platforms.
Also read: Britannia’s ₹5 Biscuit Is Fighting for Space in the Blinkit Generation’s Bigger Cart
One 97 Communications Limited
With a market capitalization of Rs. 1,07,790.11 crore, the shares of One 97 Communications Limited were currently trading at Rs. 1680 per equity share, rising nearly 0.91 percent from its previous day’s closing price of Rs. 1,664.80 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on One 97 Communications Limited with a target price of Rs. 2,025 per share, indicating an upside potential of 20.54 percent from its current price of Rs. 1680.
One 97 Communications Limited is the parent company of Paytm, one of India’s leading digital financial-services platforms. The company provides a wide range of services spanning digital payments, merchant payments, financial services and commerce. Paytm enables consumers and businesses to make digital transactions through UPI and other payment solutions.
PB Fintech Limited
With a market capitalization of Rs. 45,349.77 crore, the shares of PB Fintech Limited were currently trading at Rs. 980 per equity share, down nearly 0.31 percent from its previous day’s closing price of Rs. 983.00 per equity share.
Macquarie, a prominent brokerage firm, has recommended a “Neutral” call on PB Fintech Limited with a target price of Rs. 1,150 per share, indicating an upside potential of 17.35 percent from its current price of Rs. 980.
PB Fintech Limited is a leading technology-driven financial-services company operating platforms such as Policybazaar and Paisabazaar. Policybazaar enables consumers to compare and purchase insurance products across categories including life, health, motor and other general insurance. Paisabazaar focuses on digital distribution and comparison of financial products, particularly loans and credit-related offerings.
ICICI Bank Limited
With a market capitalization of Rs. 9,56,926.87 crore, the shares of ICICI Bank Limited were currently trading at Rs. 1333 per equity share, rising nearly 2.11 percent from its previous day’s closing price of Rs. 1,305.50 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on ICICI Bank Limited with a target price of Rs. 1,730 per share, indicating an upside potential of 29.78 percent from its current price of Rs. 1333.
ICICI Bank Limited is one of India’s leading private-sector banks, offering a comprehensive range of financial products and services to retail customers, businesses and institutions. Its operations span retail banking, corporate and investment banking, treasury, wealth management and digital financial services. The bank provides deposits, home loans, personal loans, credit cards, business loans, insurance and investment solutions.
State Bank of India
With a market capitalization of Rs. 8,85,230.53 crore, the shares of State Bank of India were currently trading at Rs. 959.00 per equity share, rising nearly 0.52 percent from its previous day’s closing price of Rs. 954.00 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on State Bank of India with a target price of Rs. 1,220 per share, indicating an upside potential of 27.22 percent from its current price of Rs. 959.00.
State Bank of India (SBI) is India’s largest public-sector bank and one of the country’s most diversified financial institutions. It provides a wide range of services covering retail banking, corporate banking, agriculture and rural finance, MSME lending, international banking, treasury and wealth management. SBI offers deposits, home loans, personal loans, credit cards, business finance and various investment products.
City Union Bank Limited
With a market capitalization of Rs. 22,495.82 crore, the shares of City Union Bank Limited were currently trading at Rs. 227.05 per equity share, down nearly 1.20 percent from its previous day’s closing price of Rs. 229.80 per equity share.
Macquarie, a prominent brokerage firm, has recommended an “Outperform” call on City Union Bank Limited with a target price of Rs. 265 per share, indicating an upside potential of 16.71 percent from its current price of Rs. 227.05.
City Union Bank Limited is a private-sector bank headquartered in Kumbakonam, Tamil Nadu, with a long operating history in India. The bank provides a range of banking and financial services to retail customers, businesses, MSMEs, and agricultural customers. Its offerings include savings and current accounts, deposits, home loans, vehicle loans, business loans, gold loans, and other credit facilities.