Indian benchmark indices ended lower on January 13 with Nifty around 23,085.95. At close, the Sensex was down 1,048 points or 1.36 percent at 76,330.01, and the Nifty was down 345 points or 1.47 percent at 23,085.95.
Here are the stocks to buy with upside potential of up to 45%:
1. Aditya Birla Capital Ltd
Aditya Birla Capital Limited is engaged in the provision of financial services consisting of lending, both as a non-banking financial institution (NBFC) and as a housing finance institution, life and health insurance, asset management, general insurance and stock broking, and others.
With a market capitalization of Rs 44,949.21 crore, the shares of Aditya Birla Capital Ltd were trading at Rs 172.45 per share, increasing around 1.62 percent as compared to the previous closing price.
Morgan Stanley, one of the well-known brokerages globally, gave a ‘Buy’ call on the fintech stock with a target price of Rs 247 apiece, indicating a potential upside of 44 percent from Tuesday’s price of Rs 172 per share.
Morgan Stanley analysts noted AB Capital’s effective asset quality management, projecting a 20% CAGR in assets under management (AUM) from FY24-27 and an 18% CAGR in earnings per share (EPS), driving return on equity (RoE) to exceed 15% by FY27 for its NBFC business.
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2. Hyundai Motor India Ltd
Hyundai Motor India Limited is the world’s third-biggest auto original equipment manufacturer (“OEM”) by passenger car sales. The firm makes and sells dependable, feature-rich, and innovative four-wheeler passenger cars equipped with cutting-edge technology. The firm also makes items including gearboxes and engines.
With a market capitalization of Rs 1.45 lakh crore, the shares were trading at Rs 1,790.90 per share, increasing around 1.32 percent as compared to the previous closing price.
HSBC, one of the well-known brokerages globally, gave a ‘Buy’ call on the automobile stock with a target price of Rs 2,200 apiece, indicating a potential upside of 23 percent from Tuesday’s price of Rs 1,791 per share.
HSBC highlighted that the company is well-positioned for long-term growth in India’s auto sales, with new launches and capacity expansion expected to drive growth in the next 2–3 years. Margins are likely to remain stable, though weaker model launches pose a downside risk.
Written by Abhishek Singh
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