May 15 2024, 05:29
These largecaps have 'strong buy' & 'buy' recos and upside potential of more than 20%:
Just because the nifty has been trading in the red for the last few trading sessions, the word correction might be heard on the street. but the fact is that for the last many weeks, there has been a correction which has been taking place on the street. It is a sectoral correction which is taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. Though for all this will hold true only with a condition of policy continuity after elections.
In the last one year, the differential in valuation between, mid and large cap stocks has increased very sharply. This differential is even more striking given the fact it has come even in space like private sector banks which have had been getting premium valuation for decades. At the same time it is the PSU banks, where there has been a correction in the last few days, but then it appears to be more because of some profit being taken off the table ahead of the election results.
Large Cap Upside Potential
May 14, 2024
Company Name
Reco
Analyst Count
Upside Potential %
MarketCap Rs Cr
Indusind Bank
Buy
41
31.0
109,293
HDFC Life Insurance Company
Buy
31
30.3
120,980
Dalmia Bharat
Buy
28
29.7
32,687
HDFC Bank
Buy
40
29.2
1,106,864
Life Insurance Corporation Of India
Buy
17
26.7
564,000
Bajaj Finance
Buy
32
25.3
415,681
SBI Life Insurance Company
Strong Buy
31
24.9
142,679
Max Financial Services
Buy
17
23.1
33,335
Shriram Finance
Buy
32
22.5
86,466
Star Health and
Allied Insurance
Buy
18
21.8
30,830
Company
Union Bank of India
Buy
11
21.7
104,122
Sona BLW Precision Forgings
Buy
16
21.4
33,458
IDFC First Bank
Buy
17
20.2
54,682
source:et
May 15 2024, 07:08