With the festive season around the corner, Trade Brains has spotlighted a set of stocks that could deliver gains of up to 30%, offering investors attractive opportunities to ride the market momentum.
Trent Ltd
Trent Limited, which started in 1998, is part of the Tata Group and now operates a diverse retail portfolio across 1,043 stores and 13.6 million sq. ft. of retail space in 242 cities, including two in Dubai.
Rationale
Trent Ltd. has a Current Market Price (CMP) of Rs. 4,882 and a target price of Rs. 6,250, which represents an upside potential of 28%.
- Q1 FY26 Financials: Revenue Rs. 4,883.5 crore (+19% YoY), EBIT Rs. 547 crore (+21% YoY), PAT Rs. 424.7 crore (+8.5% YoY).
- Store Expansion: Westside: 248 stores (from 228), Star: 77 stores (from 72), Zudio: 766 stores (from 559).
- New Store Openings: Westside: 4 stores (Mumbai, Dehradun, Lucknow, Vijayawada); Zudio: 6 stores (Ghaziabad, Thrissur, Chennai, Nagpur, Pune, Delhi).
- Retail Footprint: Over 13.6 million sq. ft across fashion brands.
- Revenue Mix: Emerging categories (beauty, personal care, innerwear, footwear) now >21% of revenue.
- Market Outlook: India’s retail market Rs. 89 lakh crore (2025) to grow to Rs. 190 lakh crore (2034). Fashion & lifestyle Rs. 13 lakh crore (2025) to grow to Rs. 18 lakh crore (2028), CAGR 10–12%.
Easytrip Planners Ltd
Easytrip Planners was founded in 2008 and is one of the leading online travel platforms in India. It provides diverse offerings related to travel, like flights, hotels, holiday packages, rail, bus, cab, charter, visa assistance & ancillary services on one platform.
Rationale
Easytrip Planners Ltd has a Current Market Price (CMP) of Rs. 8.64, a target price of Rs. 11, and an expected upside of 27.3%. Q1 FY26 Financials: Revenue Rs. 113.8 crore (44% CAGR since FY21), Gross Booking Revenue Rs. 2,065.8 crore (32.5% CAGR over 5 years).
Segment Growth
- Hotel & holiday packages: 3.3 lakh room nights booked (+81.2% YoY).
- Trains, buses, others: 4.3 lakh bookings (+41.4% YoY).
- Dubai operations: Gross bookings Rs. 318.1 crore (+151% YoY).
Strategic Expansion: Acquisitions like Spree Hospitality and YOLO bus for hotel & EV bus exposure.
Global Presence: Operations in UAE, UK, Thailand, USA; more locations planned.
Kalyan Jewellers Ltd
Kalyan Jewellers is a leading Indian jewellery retailer with over three decades of presence and a 7% share in the organised jewellery sector.
Rationale
Kalyan Jewellers Ltd. has a Current Market Price (CMP) of Rs. 505.25 and a target price of Rs. 655, which represents a potential upside of 29.6%.
- Revenue & PAT: Q1 FY26 revenue Rs. 7,268.5 cr (+31% YoY, 31% CAGR since FY21); PAT Rs. 264.1 cr (+49% YoY, 41% CAGR since FY20).
- Seasonality: Q3 contributes 29% of revenue and 30% of PAT due to festivals/weddings.
- Regional Performance: India revenue Rs. 6,142.2 cr (+31% YoY) with PAT Rs. 256.5 cr (+55% YoY); South India +30%, non-South +33%; Middle East revenue Rs. 1,026.5 cr (+27% YoY).
- Expansion Plans: By 2027, 446 India showrooms, 46 Middle East showrooms, 233 Candere showrooms, and 471 FOCO model stores.
Bajaj Auto Ltd
Bajaj Auto Ltd, the flagship of the Bajaj Group, is a leading manufacturer of two- and three-wheelers, exporting to over 79 countries. It is India’s second-largest motorcycle maker, the top two-wheeler exporter, and the world’s largest three-wheeler manufacturer.
Rationale
Bajaj Auto Ltd has a Current Market Price (CMP) of Rs. 9,054.50 and a target price of Rs. 10,700, which represents a potential upside of 18.1%.
- Financials: Revenue Rs. 13,133.35 crore (+10% YoY), EBITDA Rs. 3,301.92 crore, PAT Rs. 2,210.44 crore.
- Sales: Domestic – 5,29,344 two-wheelers, 1,05,464 commercial vehicles; August – 1,84,109 two-wheelers, 48,289 commercial vehicles.
- Exports & Growth: Double-digit growth across Africa, Latin America, Asia; >20% export growth expected.
- Market Leadership: 75.7% ICE 3W share, 52.4% ICE 3W goods carrier, 35% e-auto market share in Q1 FY26.
- Capex & Investment: Rs 1,000 crore committed under PLI scheme; Rs 600 to 700 crore planned in FY25-26.
- Customer Benefit: GST reduction passed on, saving up to Rs. 20,000 on two-wheelers and Rs. 24,000 on three-wheelers.
Ethos Limited
Ethos Limited, established in 2003, is India’s largest luxury watch retailer, offering over 5,000 watches from around 70 premium and luxury brands such as Rolex, Omega, Rado, and Bvlgari.
Rationale
Ethos Limited has a Current Market Price (CMP) of Rs. 2,462 and a target price of Rs. 2,895, which represents a potential upside of 17.5%.
- Q1 FY26 Financials: Revenue Rs. 346.3 crore (+26.7% YoY, 34% CAGR since FY21), PAT Rs. 19.1 crore (-16.2% YoY due to CHF/INR volatility; adjusted PAT Rs. 23.3 crore), Total billings Rs. 401.2 crore (+26.1% YoY).
- Luxury Portfolio Expansion: Added 3 watch brands (Fabergé, D1 Milano, UNIMATIC), 1 lifestyle brand (FPM Milano), 8 new boutiques; launched India’s first Messika Paris boutique in Delhi.
Performance Metrics: Exclusive brand boutiques contributed 28.7% revenue; same-store sales growth 17.6% (vs 12.3% YoY); average watch price Rs. 2.13 lakh (17% CAGR since FY21). - Outlook: Boutiques expected to cross 100 in FY26; luxury watch market boosted by HNI growth, pre-owned segment, and rising fashion consciousness.
Berger Paints India Ltd
Incorporated in 1923, BPIL is one of India’s oldest paint companies, with a presence across decorative, industrial, automotive, protective, and powder coatings.
Rationale
Berger Paints India Ltd has a Current Market Price (CMP) of Rs. 531.55 and a target price of Rs. 629, which represents a potential upside of 18.3%.
- Financials: Revenue Rs. 3,200.76 crore (+3.6% YoY), Net Profit Rs. 315.04 crore, EBITDA Rs. 528.4 crore (+1.1% YoY).
- Market Share: Increased from 20.3% (FY25) to 21.2% (Q1 FY26).
- Segments: Strong growth in waterproofing, construction chemicals, wood coatings; Automotive led industrial segment.
- Volume & Outlook: Mid-single-digit volume growth impacted by heavy monsoon; expected 7–9% growth as conditions normalize.
- Guidance: Operating Profit Margin targeted at 15–17% for FY26.
- Industry Outlook: India’s paints market Rs. 1,110 billion (FY23-24) to grow to Rs. 2,640 billion by FY33.
Bikaji Foods International Ltd
Bikaji Foods International Ltd was established in 1986 in Bikaner, Rajasthan. The company offers a variety of products, including namkeen (savoury snacks), sweets, papad, western-style snacks, chips, and cookies. It is one of the largest producers of packaged sweets and the second largest in handmade papad production.
Rationale
Bikaji Foods International Ltd has a Current Market Price (CMP) of Rs. 771.45 and a target price of Rs. 930, which represents a potential upside of 20.5%.
- Financials: Revenue Rs. 652.7 crore (+14.2% YoY), EBITDA Rs. 96.3 crore (+5.1%, margin 14.8%), PAT Rs. 58.5 crore (+1.3%, margin 9%).
- Segment Performance: Ethnic Snacks Rs. 462.5 crore (+11.2%), Packaged Sweets Rs. 40.8 crore (+3.1%), Western Snacks Rs. 56.4 crore (+4.2%), Papad Rs. 35.4 crore (+5.8%).
- Expansion Plans: Add 50,000 outlets annually; target >4.5 lakh direct outlets in 3 years; capacity utilization to rise from 45–46% to 70%.
- Strategic Moves: JV with C.G. Foods Nepal for snacks & sweets; acquisition of Hazelnut Factory (53.02%), opening 19–20 stores in UP & MP.
- Exports: FY25 export growth 22.5%, Q1 FY26 +60.8%; aiming to double exports in 3–4 years.
Mrs Bectors Food Specialities Ltd
Mrs. Bectors Food Specialities Limited is one of the leading players in the biscuit segment and premium bakery items, offering products under the brand names “Cremica” and “English Oven,” catering to a wide range of consumers across India.
Rationale
Mrs Bectors Food Specialities Ltd has a Current Market Price (CMP) of Rs. 1,369.10 and a target price of Rs. 1,775, which represents a potential upside of 29.6%.
- Financials: Revenue Rs. 473 crore (+7.6% YoY); Bakery Rs. 183 crore (+19%), Biscuit Rs. 281 crore (+3%); EBITDA Rs. 58.2 crore (margin 12.3%), PAT Rs. 30.9 crore (margin 6.5%).
- Margins & Outlook: Management targets EBITDA margin improvement to 14%.
- Expansion: Plans entry into Calcutta and a metro city via co-packing; new bakery facilities in Calcutta & Maharashtra.
- Strategy: Quick commerce to grow from 1% to 4–5% of domestic revenue; maintain >4% market share in North India.
- Global Presence: Plans to expand in MENA & Africa via UAE subsidiary; invested Rs. 716+ crore (FY21–25) in modern capacities.
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P N Gadgil Jewellers, established in 1832 and incorporated in 2013, is the second-largest organised jewellery brand in Maharashtra by store count. Listed on the BSE and NSE in 2024, the company has Madhuri Dixit as its brand ambassador.
Rationale
P N Gadgil Jewellers Ltd has a Current Market Price (CMP) of Rs. 632 and a target price of Rs. 755, which represents a potential upside of 19.4%.
- Financials: Revenue Rs. 1,714.5 crore (+2.8% YoY), EBITDA Rs. 122.8 crore (+85.4%, margin 7.2%), PAT Rs. 69 crore (+96.3%, margin 4%), total debt Rs. 854 crore.
- Segments: Retail (70.3% of sales) +19% YoY; e-commerce +126% YoY (Rs. 66 crore); franchise +109% YoY (Rs. 269 crore).
- Customer Metrics: Transaction volume +23%, footfall +25%, conversion ~92%, avg transaction Rs. 95k–100k.
- Expansion: 55 stores in Q1; 23–25 more planned in FY26; target 100 stores in 5 years.
- Guidance: FY26 revenue Rs. 9,000–9,500 crore; PAT margin 3.5–4%.
IRCTC Ltd
The Indian Railway Catering and Tourism Corporation Ltd. (IRCTC), established in 1999, is a ‘Navratna’ public sector enterprise under the Ministry of Railways, Government of India. As the travel and hospitality arm of Indian Railways, IRCTC manages and modernizes catering services at stations and onboard trains.
Rationale
IRCTC Ltd has a Current Market Price (CMP) of Rs. 724.20 and a target price of Rs. 855, which represents a potential upside of 18%.
- Financials: Revenue Rs. 1,159.68 crore (+3.8% YoY), PAT Rs. 330.7 crore (+7.5% YoY). FY25 revenue Rs. 4,675 crore (+9.7%), PAT Rs. 1,315 crore (+18.3%).
- Market Position: Monopoly in internet ticketing via website & Rail Connect app; 87.78% of reserved tickets booked online.
- Segments: Rail Neer – 14.12 lakh bottles/day; Internet ticketing – 12.63 crore tickets booked in Q1.
- Digital & Tourism: Next Generation e-Ticketing (NGeT) platform improved bookings; strong presence in Rail Tour Packages (domestic & international).
Written by Manideep Appana
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