1. Indian Renewable Energy Development Agency Limited (IREDA)
Current Price: ₹191.30
Market Cap: ₹51,416.94 crore
Target Price: ₹280
Upside Potential: 46.40%The Indian Renewable Energy Development Agency (IREDA) is a key player in financing renewable energy projects in India. With a robust revenue growth of 42.55%, from ₹3,483 crore in FY23 to ₹4,965 crore in FY24, and a net profit increase of 44.74%, IREDA has garnered a “Buy” recommendation from ICICI Direct.
2. AU Small Finance Bank Limited
Current Price: ₹603.05
Market Cap: ₹44,839.02 crore
Target Price: ₹830
Upside Potential: 37.30%AU Small Finance Bank provides a range of banking services across India. Despite a slight decline in net profit, the bank’s net interest income grew by 16.54%, indicating healthy operational performance. Motilal Oswal has issued a “Buy” call on this stock.
3. RBL Bank Limited
Current Price: ₹161.75
Market Cap: ₹9,829.26 crore
Target Price: ₹325
Upside Potential: 100.72%RBL Bank serves millions of customers with diverse banking solutions and has shown impressive revenue growth of 24.08% in net interest income from FY23 to FY24. Emkay Global recommends this stock as a strong buy due to its potential for substantial upside.
4. Action Construction Equipment Limited
Current Price: ₹1,222.80
Market Cap: ₹14,561.49 crore
Target Price: ₹1,700
Upside Potential: 39.01%Specializing in construction machinery, Action Construction Equipment has reported revenue growth of 34.91% for FY24. Despite recent profit declines, ICICI Direct sees significant potential for price appreciation.
5. Godrej Properties Limited
Current Price: ₹2,935
Market Cap: ₹81,611.23 crore
Target Price: ₹3,725
Upside Potential: 27.1%Godrej Properties is known for its premium real estate projects across major Indian cities. The company has experienced revenue growth of 34.81%, making it an attractive investment according to ICICI Direct’s analysis.
6. Karnataka Bank Limited
Current Price: ₹202.80
Market Cap: ₹7,659.25 crore
Target Price: ₹298
Upside Potential: 47.2%Karnataka Bank offers a wide range of financial services and has shown modest growth in net interest income of 3.57% this fiscal year. Anand Rathi recommends this stock as a buy due to its solid fundamentals and growth prospects.
Conclusion
Investors looking for stocks with high upside potential may find these recommendations appealing as they navigate the market landscape. Each stock presents unique opportunities based on strong financial performance and expert endorsements. Disclaimer: The information provided is based on market analysis and is intended for informational purposes only. Always conduct your own research before making investment decisions.
