Bajaj Finance, Tata Steel, among top 10 high conviction ideas from InCred Equities with up to 188% potential upside

Indian markets witnessed a volatile week. The Nifty slipped below 25,850 in the first half, reflecting early weakness. However, a sharp recovery on Wednesday, driven by fresh buying, took the index past 26,300. While the momentum cooled in the last two sessions, the Nifty still closed slightly higher, ending just above 26,200 with modest gains of around half a per cent.
After nearly 14 months, the Nifty hit its new all-time high. Yet, the broader market remained in consolidation mode around the 26,300 level. Amid this backdrop, InCred Equities has rolled out its latest high conviction stock picks. We've compiled the top 10 names from the list, each offering meaningful upside with the top pick projecting up to a significant 188% potential gain

InCred Equities has given Camlin Fine Sciences an ‘ADD’ rating, assigning a target price of Rs 474, indicating an upside potential of 187.4%

Rated ‘ADD’ by InCred Equities, Globus Spirits has a target price set at Rs 1,850, suggesting an upside of 73.4%

Container Corporation of India has been given an ‘ADD’ recommendation by InCred, with a target price of Rs 776, pointing to a likely upside of 51.7%

Deepak Fertilisers & Petrochemicals has received an ‘ADD’ rating, with InCred setting the target price at Rs 2,051 and indicating an upside of 49.7%

InCred has recommended GE Vernova T&D with an ‘ADD’ rating, setting the target price at Rs 4,250, implying an upside potential of 47.5%et

Tata Steel features in InCred’s ‘ADD’ list with a target price of Rs 224, reflecting an upside potential of 33.45%.

TCPL Packaging is rated ‘ADD’ by InCred Equities, with a target price set at Rs 4,100, suggesting a possible upside of 30.5%

Bajaj Finance has received an ‘ADD’ rating from InCred, with a projected target price of Rs 1,250, translating to an expected upside of 20.5%

Ajanta Pharma finds itself on the ‘ADD’ list from InCred Equities, with a target set at Rs 3,100, indicating an upside of 21.3%

VRL Logistics is another ‘ADD’-rated stock by InCred, with a price target of Rs 325, offering an estimated upside of 19.8%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)