Mirae Asset Sharekhan names 15 stock picks for Samvat 2083
The brokerage has identified several large-cap, mid-cap, and small-cap companies across various sectors for the new Samvat year.
Mirae Asset Sharekhan has selected 15 stocks across the large-cap, mid-cap, and small-cap segments for Samvat 2083, according to reports by Mint and Financial Express. The list includes companies from sectors such as banking, telecom, engineering, cement, hotels, consumer goods, and water infrastructure.
The brokerage identified the highest potential gains in small-cap stocks, specifically DEE Development Engineers with a 37 per cent indicated upside, followed by Karnataka Bank and VA Tech Wabag at 33 per cent each. Navin Fluorine International has the lowest projected upside at 12 per cent.
Among large-cap selections, ICICI Bank has a target price of ₹1,750, implying a 27 per cent upside. Bharti Airtel has a target price of ₹2,350, representing a 21 per cent upside, while Larsen & Toubro has a target price of ₹4,700, suggesting a 24 per cent upside.
Larsen & Toubro's outlook is based on expected revenue and earnings expansion, though the brokerage noted risks such as geopolitical conflicts and a slowdown in domestic economic activity. For UltraTech Cement, the brokerage cited capacity expansion and volume growth, setting a target price of ₹13,500.
Mid-cap picks include Welspun Corp with a 24 per cent upside, Radico Khaitan at 21 per cent, Tata Consumer Products at 20 per cent, and Indian Hotels Company at 15 per cent. Other small-cap picks mentioned include Lumax Auto Technologies and Sagility.