As we head into a new Samvat year, Indian stock markets are currently priced higher than their historical averages, with many stocks offering limited safety margins at current levels. Despite ongoing market corrections, the overall trend remains positive.
Wellworth Share & Stock Broking has identified 5 top stocks with up to 105% upside potential for this festive season:
1. Lyska Labs
- Target Price: ₹300
- Upside Potential: 105%
Lyska Labs saw a significant rise from ₹10 to ₹267 over seven quarters, followed by a correction and consolidation phase. It recently broke out of this consolidation with strong volumes, signaling a buying opportunity. Buy now or on dips near ₹110, with a target of ₹300.
2. Emmbi Industries
- Target Price: ₹260
- Upside Potential: 104%
Emmbi has broken out of a long consolidation period, with technical indicators like MACD showing a buy signal. It’s a good stock to accumulate on dips near ₹80, with a target of ₹260.
3. TajGVK Hotels and Resorts
- Target Price: ₹510
- Upside Potential: 67.8%
This stock broke out of its long-term downtrend with high volume. After a rally and correction, it successfully retested its breakout level. Buy now or on dips near ₹260, with a target of ₹510.
4. Prime Focus
- Target Price: ₹310
- Upside Potential: 93.75%
Prime Focus broke out of a multi-year “Cup and Handle” bullish pattern at ₹130. It’s a buying opportunity at current levels or near ₹120, with a target of ₹310.
5. Varroc Engineering
- Target Price: ₹900
- Upside Potential: 57.6%
Varroc has broken out of a 14-quarter consolidation period, indicating a strong buying case. Buy now or near ₹520, with a target of ₹900.
These stocks have strong potential for growth, making them solid investment picks for Diwali and the year ahead.
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.
