PL Capital picks 8 largecap stocks with upside potential of up to 41%. See full list

Following an eight-week losing streak in the Nifty, its first such run since 2001, domestic brokerage PL Capital remains cautious on the near-term market outlook. The brokerage does not expect a V-shaped recovery and does not rule out a further decline before the market enters a consolidation phase. However, the brokerage has picked 8 stocks as its top picks in its latest strategy note.

Bharat Electronics currently trades at a current market price of Rs 368 with a target price of Rs 452, representing an implied upside of 22.7%. The brokerage projects revenue growth of 16.8% in 2027E, and 15.1% in 2028E.

Bharti Airtel is priced at a current market price of Rs 1,805 with a target price of Rs 2,367, offering a potential upside of 31.1%. Revenue growth is expected to reach 15.8% in 2027E and 11% in 2028E.

Britannia Industries trades at a current market price of Rs 4,825 against a target price of Rs 6,579, indicating an estimated upside of 36.4%. Its forecasted revenue growth steps up from 6.7% in 2026 to 10.7% in 2027E and 11.4% in 2028E.

GE Vernova T&D India holds a current market price of Rs 4,194 with a target price of Rs 5,928, unlocking the highest upside in the group at 41.3%. Projected revenue growth is at 32.8% in 2027E, and 30.4% in 2028E.

With a target price of Rs 1,850, the private lender is yielding a 36.5% potential upside. Revenue expansion accelerates sequentially from 7.6% in 2026 to 17.7% in 2027E and 19.9% in 2028E, the brokerage said.

Kotak Mahindra Bank has target price of Rs 500, implying a 13.4% upside potential. Revenue growth is forecasted from 5.9% in 2026, scaling to 13.3% in 2027E and 18.3% in 2028E, PL Capital said.

Larsen & Toubro trades at a current market price of Rs 3,703 against a target price of Rs 4,425, outlining a potential upside of 19.5%. Revenue growth is projected from 11.8% in 2026, 10.3% in 2027E, and 14.5% in 2028E.

Shriram Finance carries a current market price of Rs 940 with a target price of Rs 1,250, reflecting a 33% expected upside. The company anticipates revenue growth from 15% in 2026, peaking at 21.1% in 2027E before moderating to 14.1% in 2028E.
Disclaimer: This article has been written by Veer Sharma, who is not a SEBI-registered Research Analyst or an Investment Adviser. Veer Sharma and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here. ​