Nov 01 2023, 13:27
The largecaps have 'strong buy' & 'buy' recos with upside over 20%:
It is only a matter of time that the concept of relative valuation will come into play and
large caps will get more attention
from the market. Stocks from different sectors are making to the list, this week, stocks from Oil refining and marketing, private
banks, insurance, auto ancillary
and fertilizer space.
The trouble with the market is that when corrections continue for a long period of time, the risk of domestic money flows slowing going down increases. That is something which has not been played as of now, but one cannot rule it out.
When markets are trading with strong bullish bias, some of the stocks which are long term wealth creators tend to move off from the list of algorithm based stock buying lists. The reason, the potential upside in them is less than the algo defined levels. As soon as the market corrects, some of them are back on the list.
This week there are 21 stocks much better than what they were for the last three weeks, but still below the level of 25 which was at a time when nifty was about to inch upward. Given the fact that before this phase of correction, the valuations had skyrocketed and in some cases are still too high, it would be better to wait for some more time.
Large Cap Upside Potential
Search in table
Company Name
UPL
Reco
Buy
25
Analyst Count
Upside Potential
%
49.4
MarketCap Rs Cr
40,413
Company Name
Indraprastha Gas
Reco
Buy
30
Analyst Count
Upside Potential
%
33.8
MarketCap Rs Cr
26,950
Company Name
Life Insurance Corporation Of India
Reco
Buy
Analyst Count
16
33.2
Upside Potential
%
MarketCap Rs Cr
382,188
Company Name
HDFC Bank
Reco
Buy
41
Analyst Count
Upside Potential
%
31.3
MarketCap Rs Cr
1,126,867
Company Name
Biocon
Reco
Buy
Analyst Count
20
Upside Potential %
26,659
Mahindra and Mahindra Financial Services
Buy
35
MarketCap Rs Cr
Company Name Reco
Analyst Count
Upside Potential %
29.5
MarketCap Rs Cr
30,332
Company Name Reco
ICICI Bank Strong Buy
Analyst Count
41
Upside Potential %
28.7
MarketCap Rs Cr
647,830
Company Name
Petronet LNG
(The data is for NSE stocks and has been updated as on 30 Oct 2023)
source: et
Nov 02 2023, 14:19