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7 Stocks with Strong Upside Potential of Up to 95%: Brokerages Initiate Coverage

Several prominent brokerage firms have recently initiated coverage on a selection of stocks, highlighting significant growth potential in these companies. Among the stocks analyzed are Bank of Baroda, IIFL Finance, IRCON International, and Rainbow Children’s Medicare, each with the potential for substantial gains of up to 95%. Here’s a comprehensive list of the seven stocks on which these brokerages have recently initiated coverage:

  1. Global Health (CMP: Rs 715) – Motilal Oswal has initiated coverage on Global Health with a ‘Buy’ rating and a target price of Rs 840. This suggests a potential upside of nearly 17% from the current market prices. The brokerage firm cites the company’s robust execution capabilities, strong brand recognition, and promising growth prospects as key factors contributing to their positive outlook.
  2. Rainbow Children’s Medicare (CMP: Rs 1,032) – Monarch Networth Capital has initiated coverage on Rainbow Children’s Medicare with a ‘Buy’ rating and a target price of Rs 1,296. This indicates an impressive upside potential of nearly 26% from the current market prices.
  3. IIFL Finance (CMP Rs: 597) – HSBC Global Research has initiated coverage on IIFL Finance with a ‘Buy’ rating and a target price of Rs 790, reflecting a potential upside of 32% from current market levels. The brokerage firm emphasizes IIFL’s potential for revaluation, driven by strong retail asset under management (AUM) growth, improved asset quality, and expansion of return on assets (RoA).
  4. Bank of Baroda (CMP: Rs 214) – Bonanza has initiated coverage on Bank of Baroda with a ‘Buy’ rating and a target price of Rs 270, suggesting a potential upside of 26% from current market levels. The firm highlights Bank of Baroda’s strong position among public sector banks (PSBs) to deliver a sustainable return on assets (ROA) above 1% and outlines its focus on various growth strategies.
  5. Kajaria Ceramics (CMP: Rs 1,325) – Bonanza has initiated coverage on Kajaria Ceramics with a ‘Buy’ rating and a target price of Rs 1,803, indicating a significant upside potential of 36% from current market prices. The brokerage firm underscores Kajaria Ceramics’ growth prospects, including substantial capital expenditure plans and expansion into non-core businesses and export opportunities.
  6. IRCON International (CMP: Rs 145) – Antique has initiated coverage on IRCON International with a ‘Buy’ rating and a target price of Rs 176, reflecting a potential upside of nearly 21% from the current market prices. The firm anticipates a 10% compound annual growth rate (CAGR) in revenue and net profit over the next three years.
  7. SIS – Keynote has initiated coverage on SIS with a ‘Buy’ rating and a target price of Rs 837, signaling an impressive upside potential of 95% from current market levels. The brokerage firm underscores SIS Ltd.’s leadership position and predicts substantial growth prospects in the industry over the next three years.

These insightful coverage initiations by brokerage firms provide investors with valuable perspectives on stocks with the potential for substantial growth, offering opportunities for significant returns on investment.

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