Brokerages Bullish on 7 Stocks, Predicting Up to 65% Upside Potential

Several brokerage firms have recently initiated coverage on a set of stocks, expressing a bullish outlook on these companies. Among the companies under coverage are Dabur India, Nexus Select Trust, Phoenix Mills, and CDSL, with analysts projecting potential upside gains of up to 65%. Here’s a rundown of the 7 stocks that have garnered brokerage attention:

1. Arvind Smartspaces | CMP: Rs 344
   
   Yes Securities has initiated coverage on Arvind Smartspaces with a ‘Buy’ rating and set a target price of Rs 502. This suggests a potential upside of approximately 46% from the current market price. The firm remains optimistic about the company’s prospects, citing strong demand in the residential real estate sector.
   
2. Eureka Forbes | CMP: Rs 497
   
   ICICI Securities has also initiated coverage, giving Eureka Forbes a ‘Buy’ rating and a target price of Rs 700, implying a potential upside of around 41%. The firm highlights Eureka Forbes’ strong position in the market, established brands, and diverse product portfolio.
   
3. Stove Kraft | CMP Rs: 567
   
   Equirus Wealth has initiated coverage on Stove Kraft with a ‘Buy’ rating and a target price of Rs 930, indicating a substantial potential upside of approximately 65%. The firm expects Stove Kraft’s growth momentum to continue due to improving demand and reasonable valuations.
   
4. Nexus Select Trust | CMP: Rs 128
   
   JM Financial has initiated coverage on Nexus Select Trust with a ‘Buy’ rating and set a target price of Rs 145, signifying a potential upside of 13%. Analysts believe Nexus will benefit from urban consumption growth and its ability to make value-enhancing acquisitions.
   
5. Phoenix Mills | CMP: Rs 1,773
   
   JM Financial has also initiated coverage on Phoenix Mills with a ‘Buy’ rating and a target price of Rs 2,010, implying a 13% potential upside. The firm praises Phoenix Mills for its expertise in running malls and growth projections.
   
6. CDSL | CMP: Rs 1320
   
   Nuvama has initiated coverage on CDSL with a ‘Buy’ rating and a target price of Rs 1,620, signaling a potential upside of nearly 23%. The firm anticipates significant revenue growth driven by new initiatives such as consolidated account statements and eVoting.
   
7. Dabur India | CMP: Rs 551
   
   Emkay has initiated coverage on Dabur India with a ‘Buy’ rating and a target price of Rs 650, suggesting an 18% potential upside. The firm highlights Dabur’s strong rural presence and expansion in international markets.

These brokerage firms have expressed their optimism about these stocks, considering various factors such as market trends, growth potential, and financial performance, indicating potential opportunities for investors.