Here are consensus price targets for 5 most-valued stocks post Q3 results

NEW DELHI: The five most-valued stocks on Dalal Street, which together command 19 per cent of the market value of all BSE stocks, could see a potential up to 34 per cent upside, consensus price targets suggest.

RELIANCE INDUSTRIES (RIL)
In the case of Reliance Industries (RIL), the consensus price target stands at Rs 2,730.53, which suggests a potential 17 per cent upside from the prevailing levels. Out of 33 analysts tracking this stock, 19 have either buy or strong buy against 20 such recommendations a month ago.

The number of hold (11) and sell (3) calls on the stock remained the same.


RIL commands a market capitalisation (m-cap) of Rs 15,67,810 crore and is the most valued stock on Dalal Street.

TATA CONSULTANCY SERVICES (TCS)

For TCS, the second-largest stock, a median price target of Rs 4,170.28 based on 43 analyst projections suggest a 12 per cent potential upside. The number of analysts recommending a 'strong buy' has fallen to 7 from 8 a month ago.

Those recommending a hold on it have risen to 12 from 10 earlier. Overall, 25 out of 43 analysts have a buy or strong 'buy' rating on the stock. The second most-valued stock commands a market cap of Rs 13,97,723 crore.

HDFC BANK
HDFC Bank has seen several analysts recommending a 'strong buy' rising to 25 from 21 a month ago. 'Buy' ratings have been reduced to 16 from 17 months ago. To be sure, the number of analysts tracking this stock has also risen to 45 from 42 a month ago.

The median estimate suggests a price target of Rs 1,937.64 for the stock suggesting an up to 34 per cent potential upside. The third-largest stock commands a m-cap of Rs 8,14,074 crore.

INFOSYS

In the case of Infosys, the number of 'buy' calls on the stock jumped by five, while the number of analysts tracking the stock also rose by three. The median target of Rs 2,159.91 on the stock suggests a 26 per cent potential upside. This stock enjoys a market cap of Rs 7,21,203 crore.

ICICI BANK

ICICI Bank, which commands an m-cap of Rs 5,46,092 crore, is a consensus buy with no sell rating. This stock has a median target of Rs 961.60, suggesting a 23 per cent potential upside. Analysts recommendations largely stayed intact for the stock compared with a month ago.

Together, these five stocks command an m-cap of Rs 50.46 lakh crore, 19 per cent of Rs 265 lakh crore m-cap for all BSE listed firms.