Top 15
stocks
that can give up to 50% return! Identifying
multi-bagger
stocks is the ultimate goal for every investor, but it’s a daunting task to pinpoint such opportunities.
Consensus estimates reveal that out of approximately 400 stocks analyzed by a minimum of five analysts, around 54 are anticipated to generate returns ranging from 20% to 50% in the upcoming year, says an ET analysis.
ET has compiled a list of 15 stocks, each tracked by at least 10 analysts, that could potentially deliver over 20% returns within the next 12 months.
Recent market corrections have made many of these stocks more appealing to investors, while some are expected to yield returns exceeding 20% despite already experiencing positive growth this year.
Top 15 stock picks
DCB Bank, for instance, has been assigned an average target price of Rs 159 per share by 18 analysts, even though it is currently trading at Rs 116. The stock has seen a 12% decrease since the beginning of the year and is trading at a P/E ratio of 6 times its one-year forward earnings.
Likewise,
Lemon Tree
Hotels is projected by 16 analysts to have a 33% upside potential, despite delivering a negative 3% return year-to-date. In the last three months, analysts have adjusted the company’s estimated earnings per share upward by 52%.
Indian
stock market
indices,
BSE Sensex
and
Nifty50
, have been scaling new lifetime highs this year. Analysts are bullish on the long-term prospects of the Indian stock market and most of them see any dips as a buy opportunity.
