The NIFTY 200 is a stock market index that represents the performance of the top 200 companies listed on the National Stock Exchange (NSE) of India. It includes stocks from both the NIFTY 100 (large-cap and liquid mid-cap stocks) and the NIFTY Next 50 (emerging mid-cap companies).
Listed below are the 3 Nifty 200 stocks with strong upside potential
Zydus Lifesciences Limited
Zydus Lifesciences, formerly known as Cadila Healthcare, was formed under the Zydus group. It is the 5th largest generic company in the United States in terms of prescription. The company has 8 Research and Development Centres for their various pharmaceutical products including NCE, APIs, Generics, Vaccines, Biosimilars and Wellness products.
With a market capitalization of 95,889.07 crore, the shares of Zydus Lifesciences Ltd were trading at Rs 952.95 on Monday’s trading session which is 1.19 percent lower compared to the previous closing price.
KRChoksey initiated a “Buy” call on the stock with a target price of Rs 1201 indicating an upside potential of 24.5 percent compared to its previous closing price.
Rationale: Zydus Lifesciences Ltd has launched five new products in the US market which is set to drive growth for the company. Further, the company’s Q3 results were largely in-line with the estimates provided by the brokerage house.
Trent Ltd
With the Tata Group holding around 37 percent in the company, Trent Ltd operates in the retail sector. The company offers a diverse product portfolio that includes apparel, accessories,food, games, toys, footwear and groceries, and non-food products through its various retail outlets. Their products are sold under popular brands such as Westside, Zudio, Star, Zusio Beauty and utsa among others.
With a market capitalization of 1,85,089.88 crore, the shares of Trent Ltd were trading at Rs 5,199.35 on Monday’s trading session which is 0.10 percent higher compared to the previous closing price.
Axis Direct initiated a “Buy” call on the stock with a target price of Rs 7,100 indicating an upside potential of 36.62 percent compared to its previous closing price.
Rationale: Trent Ltd’s revenue grew 37 percent YoY to Rs 4,535 Cr in Q3 FY25, driven by store expansion. It added 12 Westside and 58 Zudio stores, totaling 238 and 635. The focus on larger, premium stores enhances long-term growth.
Solar Industries Ltd
Solar Industries Ltd is India’s largest manufacturer of industrial explosives and initiating systems, with a 330,000 MT/year capacity and a 30 percent domestic market share. It leads India’s industrial explosive exports with a 70 percent share, supplying to 55 countries, and has recently expanded manufacturing to several African nations.
With a market capitalization of 81,848.25 crore, the shares of Solar Industries Ltd were trading at Rs 9045.0 on Monday’s trading session which is 1.43 percent lower compared to the previous closing price.
ICICI Securities Limited has initiated a “Buy” call on the stock with a target price of Rs 13,720 indicating an upside potential of 49.54 percent compared to its previous closing price.
Rationale: Economic Explosive Limited (EEL), a wholly owned subsidiary of Solar Industries (SOIL), and Munitions India Limited (MIL) have signed a contract with the Ministry of Defence for the procurement of Area Denial Munition (ADM) Type-1 (DPICM) and High Explosive Pre-Fragmented (HEPF) Mk-1 (Enhanced) rockets for the Pinaka Multiple Launch Rocket System (MLRS) at a total cost of Rs 101.4 billion.
Written by Shwetha Sairam
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