News

New year, new hopes: 5 smallcap stock recommendations for Samvat 2080

Betting on Minnows
iStock
1/6
Betting on Minnows
After the record-breaking run in equities in Samvat 2079 — the year as per the Hindu calendar ending this week — upbeat market participants are betting on further gains in the new year. The Nifty and Sensex gained roughly 9% each during Samvat 2079 so far, while the Nifty Midcap 100 and Small-cap 100 indices returned 30% and 36%, respectively.

ET has curated a list of 5 smallcap stock recommendations by various brokerages that are expected to do well in Samvat 2080. Take a look: (Source: ET Bureau)
Raymond
ETMarkets.com
2/6
Raymond
Brokerage: Motilal Oswal
Current Market Price: Rs 1,867
Target Price: Rs 2,600
Upside Potential: 39.3%
Returns since last Diwali: 66.6%
PCBL
ETMarkets.com
3/6
PCBL
Brokerage: Kotak Securities
Current Market Price: Rs 203
Target Price: Rs 260
Upside Potential: 28.0%
Returns since last Diwali: 45.7%
APL Apollo Tubes
ETMarkets.com
4/6
APL Apollo Tubes
Brokerage: AB Capital
Current Market Price: Rs 1,565
Target Price: Rs 2,000
Upside Potential: 27.8%
Returns since last Diwali: 42.3%
Ashok Leyland
BCCL
5/6
Ashok Leyland
​Brokerage: JM Financial
Current Market Price: Rs 169
Target Price: Rs 200
Upside Potential: 18.5%
Returns since last Diwali: 16.7%
Equitas SFB
ETMarkets.com
6/6
Equitas SFB
Brokerage: HDFC Securities
Current Market Price: Rs 96
Target Price: Rs 112
Upside Potential: 16.9%
Returns since last Diwali: 100%
Success
This article has been saved