Stocks to Buy: 5 Stocks That Can Deliver Returns of Up to 44%; Do You Own Any?

Synopsis: Leading brokerages have issued fresh “Buy” ratings on five stocks across specialty chemicals, insurance, steel tubes, IT, and infrastructure consultancy sectors, citing strong fundamentals and growth prospects. With upside potential ranging up to 44 percent, these picks offer investors compelling opportunities amid a recovering market.

After a volatile start to the week, Indian equity markets staged a strong recovery, supported by easing global concerns, softer crude oil prices, and renewed buying in IT stocks. During the week, the Nifty 50 gained around 206 points to close near 24,270, while the BSE Sensex advanced about 700 points to finish around 77,767, marking the fourth consecutive week of gains for the benchmark indices.

Analysts have picked top-performing companies with the potential to rise by up to 44 percent. Backed by strong fundamentals and future prospects, these stocks are worth watching. This article highlights key recommendations to help investors spot great opportunities in today’s fast-moving market.

With a market capitalization of Rs. 10,830 crore, the shares of Jubilant Ingrevia Limited closed at Rs. 680 per equity share, up nearly 2.6 percent from its previous day’s close price of Rs. 670.80.

Anand Rathi, a prominent brokerage firm, has recommended a “Buy” call on Jubilant Ingrevia Limited with a target price of Rs. 975 per share, indicating an upside potential of 44 percent.

Jubilant Ingrevia Limited was established in 2020 as a demerged entity from Jubilant Life Sciences and is engaged in manufacturing specialty chemicals, nutrition products, and life science chemicals, serving pharmaceutical, agrochemical, and consumer industries globally.

With a market capitalization of Rs. 34,123 crore, the shares of Star Health and Allied Insurance Company Limited closed at Rs. 580 per equity share, down nearly 1.45 percent from its previous day’s close price of Rs. 588.50.

Motilal Oswal Financial Services, a prominent brokerage firm, has recommended a “Buy” call on Star Health and Allied Insurance Company Limited with a target price of Rs. 700 per share, indicating an upside potential of 20.6 percent.

Star Health and Allied Insurance Company Limited was established in 2006 and is India’s first standalone health insurance company, offering health, personal accident, and overseas travel insurance products through a wide network of hospitals and agents across the country.

With a market capitalization of Rs. 49,934 crore, the shares of APL Apollo Tubes Limited closed at Rs. 1,788 per equity share, down nearly 0.02 percent from its previous day’s close price of Rs. 1,788.30.

Motilal Oswal Financial Services, a prominent brokerage firm, has recommended a “Buy” call on APL Apollo Tubes Limited with a target price of Rs. 2,150 per share, indicating an upside potential of 20.2 percent.

APL Apollo Tubes Limited was established in 1986 and is India’s largest manufacturer of structural steel tubes, serving sectors such as infrastructure, housing, engineering, and automobiles through an extensive pan-India distribution network.

With a market capitalization of Rs. 73,827 crore, the shares of Persistent Systems Limited closed at Rs. 4,680 per equity share, up nearly 2.2 percent from its previous day’s close price of Rs. 4,580.60.

Prabhudas Lilladher, a prominent brokerage firm, has recommended a “Buy” call on Persistent Systems Limited with a target price of Rs. 6,400 per share, indicating an upside potential of 36.7 percent.

Persistent Systems Limited was established in 1990 and is a global digital engineering and enterprise modernization company, providing software product engineering, cloud, data, and AI-led solutions to clients across banking, healthcare, and technology sectors.

With a market capitalization of Rs. 10,470 crore, the shares of RITES Limited closed at Rs. 218 per equity share, down nearly 3 percent from its previous day’s close price of Rs. 224.93.

Prabhudas Lilladher, a prominent brokerage firm, has recommended a “Buy” call on RITES Limited with a target price of Rs. 275 per share, indicating an upside potential of 26.1 percent.

RITES Limited was established in 1974 and is a Miniratna central public sector enterprise under the Ministry of Railways, providing transport consultancy and engineering services across railways, highways, ports, and urban infrastructure in India and abroad.