NTPC among 7 stock ideas from StoxBox with upside potential of up to 11%

The global economy went through a rate-cut cycle with a 50 bps rate cut by the US Fed and Bank of Japan keeping its rate unchanged, followed by a sectoral rotation among investors to large caps.


With the sector rotation in play, below is a list of curated ideas from StoxBox combining both technical and fundamental analysis to identify stocks with strong growth potential:


Here are the top 7 growth ideas from StoxBox:

The stock is rebounding from a demand zone and has regained key moving averages. With a 32% capacity expansion and new limestone reserves, ACC is well-positioned to benefit from rising demand in housing and infrastructure.

As India's second-largest OMC, BPCL has a strong marketing segment despite a Q1 FY25 profit decline. With a planned Rs 16,400 crore investment for expansion, it is well-positioned for future growth.

Britannia holds over one-third of the Indian biscuit market, showing a 9% compound annual growth rate (CAGR) over the past decade. With a robust distribution network and strong Q1 FY25 revenue growth, the stock exhibits positive price action and a bullish breakout pattern, making it a solid short-term buy.

The company expects 3-5% CC growth for FY25, with a recovery starting from Q2, driven by improved performance across verticals and geographies. Despite recent challenges, including the State Street JV divestiture, HCL Tech's strong pipeline and long-term contracts position it well for future growth. The favorable demand environment will likely reduce uncertainty over discretionary spending, enhancing its financial performance.

The stock has been experiencing accumulation at elevated levels and its RSI is well above the median, reflecting strong price momentum. IHCL shows improving relative strength compared to the Nifty 50, making it a promising short-term investment.

Despite weak GRMs due to refinery shutdowns, a recent drop in crude prices is expected to drive recovery. With strong capital investments and future expansions, IOC is well-positioned for growth.

NTPC is India's largest power producer and holds a significant share of the country's power capacity, positioning it well to benefit from increasing demand. The company plans to increase its capacity to over 130 GW by 2032 and has shown strong Q1 FY25 results, with an 11% year-over-year PAT growth to Rs 4,511 crores. NTPC's focus on renewable energy and low-cost debt further enhances its investment appeal.


(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)