Several Indian brokerages have issued bullish calls on a diverse range of stocks, highlighting up to 41% upside potential amid a cautiously trading market, spotlighting sectors like textiles, consumer goods, and manufacturing.
Brokerage calls lifted a cluster of Indian stocks on Friday even as the broader market finished marginally lower. Motilal Oswal, Choice Institutional Equities, Geojit Financial Services and ICICI Securities all turned bullish on companies spanning apparel, consumer goods, healthcare, hospitality, industrial pipes, power and defence-linked manufacturing, with the most optimistic view pointing to as much as 41% upside. The recommendations come against a cautious market backdrop, after the Sensex and Nifty 50 both ended the session in the red.
Motilal Oswal’s most aggressive target was on Gokaldas Exports, where it set a price objective of Rs1,110 a share, implying about 41% upside from the quoted level. The broker is also constructive on Godrej Consumer Products, putting a target of Rs1,300 and suggesting gains of about 39%. On Laxmi Dental, it sees the shares reaching Rs280, which would mean roughly 38% upside. The call on Gokaldas fits with a broader positive view on the textile sector: the Financial Express reported that Motilal Oswal has begun coverage on five textile names, citing recovering global demand, better tariff competitiveness and a fresh capital spending cycle as key supports.
The consumer story is also being underpinned by operating trends. Moneycontrol reported that Motilal Oswal’s latest note on Godrej Consumer Products highlighted consolidated revenue growth and volume gains, while acknowledging pressure on margins in some overseas businesses. The broker has repeatedly stayed positive on the stock in recent reports, setting targets of Rs1,300, Rs1,400 and even Rs1,450 in earlier notes, reflecting a continued belief in the company’s growth strategy, distribution expansion and product innovation.
Other names on the list cover a wider slice of the economy. Choice Institutional Equities has a Buy rating on Brigade Hotel Ventures with a target of Rs80 and on Man Industries with a target of Rs800, implying about 34% upside in both cases. Geojit Financial Services has a Buy call on NTPC with a target of Rs419, while ICICI Securities sees Solar Industries India reaching Rs23,500. The Trade Brains roundup also included the usual reminder that brokerage targets are opinions, not guarantees, and that equity investing carries the risk of loss.
Disclaimer: This article is intended to inform and educate, not to recommend or endorse any financial product, investment or strategy. Please consider your own financial circumstances and seek professional advice where appropriate before making financial decisions.
