Mirae Asset Reveals Top 10 Stock Picks for Big Returns—See Which Companies Made the List

Mirae Asset Capital Markets has shared its top 10 stock picks for the next quarter. These stocks are chosen because of their strong performance and high growth potential. The aim is to give investors chances for big returns by focusing on companies with stable financials and a positive outlook across different industries.

Here are their top 10 stock picks:

1. Bank of Baroda: Mirae has set a target price of ₹300 for Bank of Baroda, expecting a 20% return from its current price of ₹249.85. The bank’s strong outlook is due to growth targets of 12-14% for loans and 10-12% for deposits. The stock has gained 31% in the last year.
2. ICICI Bank: With a target price of ₹1,400, ICICI Bank is expected to offer a 16% return from its current price of ₹1,223.85. Strong Q1FY25 results and growth in profits drive this optimism. The stock has increased over 26% in the past year.
3. Jupiter Life Line Hospitals: Mirae’s target for Jupiter Lifeline Hospitals is ₹1,502, suggesting a 13.5% return from its current price of ₹1,322.35. The hospital chain showed strong revenue growth in Q1FY25 and has expansion plans in Pune and Indore.
4. Mrs Bectors Food Specialities: With a target price of ₹1,565, Mrs Bectors is expected to see a small return from its current price of ₹1560.45. The company’s strong performance was driven by a significant growth in its biscuit segment.
5. Infosys: Infosys has a target price of ₹1,960, with a flat 1% return expected from its current price of ₹1,939.1. The company showed strong revenue growth and has upgraded its growth guidance. Infosys’ stock has jumped over 37% in the last year.
6. Cholamandalam Investment and Finance Company (CIFC): Mirae’s target for CIFC is ₹1,575, offering an 8.5% return from its current price of ₹1,450.7. Despite some mixed Q1FY25 results, CIFC’s stock has advanced 32% in the last year.
7. Varun Beverages: With a target price of ₹1,734, Varun Beverages is expected to deliver a 13.5% return from its current price of ₹1,528. The company reported strong revenue and volume growth, with improved profit margins. The stock has rallied 72% in the last year.
8. LTIMindtree: LTIMindtree has a target price of ₹5,900, indicating a slight 4% downside from its current price of ₹6,127.55. The company’s stable revenue growth is driven by large deals, but margin pressures are expected. The stock has increased by 19% in the last year.
9. Mphasis: Mphasis has a target price of ₹3,185, offering a small 3% return from its current price of ₹3,089.45. The company has a strong growth pipeline despite a slight revenue dip in Q1FY25. The stock has risen by 34% in the last year.
10. Apollo Hospitals Enterprises: Apollo Hospitals is targeted for continued growth with strong revenue and profit increases in Q1FY25. The stock has surged 39% in the past year, supported by expansion plans and digital service enhancements.

Mirae Asset Capital Markets’ picks for the next quarter focus on stocks with solid growth potential and stable finances. Investors looking for good returns should consider these recommendations, keeping in mind their investment strategies and risk tolerance.