1 / 7Brokerages mostly have turned positive on select names across financial services, real estate, energy, consumer tech, and manufacturing. From newly-listed HDB Financial Services to PSU giant NTPC, these seven stocks have been highlighted for their potential to deliver meaningful upside in the near to medium term. Here’s a snapshot of the key brokerage calls.
2 / 7HDB Financial Services: Shares of newly-listed HDB Financial Services, a subsidiary of HDFC Bank Ltd., received initiation coverage from brokerage firm Motilal Oswal. The brokerage initiated coverage with a ‘Neutral’ rating and a price target of ₹860, implying a 9% upside from Wednesday’s closing levels. However, Motilal Oswal also projected a bull-case target of ₹995 per share, suggesting a potential 26% upside.
3 / 7Dixon Technologies: Brokerage firm Motilal Oswal has maintained its ‘Buy’ rating on Dixon Technologies, with a price target of ₹22,300 from ₹22,100 earlier.
4 / 7Swiggy, Eternal: Brokerage firm DAM Capital initiated coverage on food delivery aggregator Swiggy Ltd. and quick-commerce operator Eternal Ltd. (parent company of Zomato) on August 20. Both stocks received a ‘Buy’ recommendation, with a price target of ₹515 for Swiggy and ₹400 for Eternal. The targets imply potential upsides of 30% and 26% respectively from Tuesday’s closing levels.
5 / 7Sunteck Realty: Shares of Sunteck Realty Ltd. climbed as much as 3% from the day’s low on Friday, August 22. Brokerage firm Motilal Oswal maintained its ‘Buy’ rating, citing strong growth visibility, and revised its price target to ₹561 per share, implying a potential upside of 43% from Thursday’s closing levels.
6 / 7NTPC: Brokerage firm CLSA has maintained an ‘Outperform’ rating on NTPC, projecting a 37% upside with a price target of ₹459 per share. Following its analyst meet, NTPC highlighted plans to boost capacity additions by 15% while accelerating its clean energy transition initiatives, including carbon batteries.
7 / 7Indian Oil Corporation (IOC): Shares of Indian Oil Corporation Ltd. (IOC) have rallied 18% over the past six months, outperforming the Nifty Index’s 8% gain during the same period. The rally was supported by softer crude oil prices and the government’s commitment to fund up to ₹30,000 crore of FY26 LPG losses for oil marketing companies (OMCs). Brokerage firm Elara Capital reiterated its ‘Buy’ rating on IOC but trimmed its target price by 10% to ₹193. Despite the cut, the revised target still implies a potential 38% upside from current levels.
