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5 Stock Picks with Big Potential: Globe Capital’s Top Recommendations

The Indian stock market has been on a roll, with a 6.5% rise in June and another 2.6% in July. Positive election results, stable inflation, foreign investment inflows, and hopes for a rate cut have boosted investor confidence. As the budget and Q1 earnings season approach, analysts expect continued market growth and advise a stock-specific approach. Here are five stock picks from Globe Capital that could see gains of up to 51% over the next year.

1. Indus Towers

  • Target Price: ₹515 (27% Upside)
  • Current Performance: Up 149% in the last year, 103% this year
  • Strengths: Backed by Bharti Group, major telecom tower company, planning significant 5G rollout
  • Details: Operates over 211,775 towers and 360,679 co-locations. Investing ₹9,500 crore in 5G rollout in 2024.

2. Bank of India

  • Target Price: ₹165 (37% Upside)
  • Current Performance: Up 54% in the last year, 7% this year
  • Strengths: Large deposit base, improving financial metrics
  • Details: Net profit rose 57% YoY to ₹6,318 crore. Focus on digital initiatives and growth in deposits and advances.

3. SAIL (Steel Authority of India Limited)

  • Target Price: ₹215 (51% Upside)
  • Current Performance: Up 63% in the last year, 15% this year
  • Strengths: Major steel producer, significant expansion plans
  • Details: Planning ₹6,300 crore capex this year, targeting 35 million tons capacity by 2030-31.

4. Motherson Sumi Wiring

  • Target Price: ₹105 (45% Upside)
  • Current Performance: Up 27% in the last year, 17% this year
  • Strengths: Leading wiring harness company, strong market share
  • Details: Supplies top-selling vehicle models and electric vehicle OEMs. Significant financial backing from Samvardhana Motherson International Limited and Sumitomo Wiring Systems.

5. Great Eastern Shipping

  • Target Price: ₹1,735 (31% Upside)
  • Current Performance: Up 71% in the last year, 35% this year
  • Strengths: Largest private sector shipping company in India
  • Details: Reported highest-ever net profits of ₹2,614 crore. Plans for expansion and investment in new ships.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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