The Nifty has given up most of the gains accumulated over the past couple of months and is now trading comfortably below its record peaks amid rising geopolitical tensions and persistent FII outflow. For India, the impact is more pronounced, as the prolonged tariff dispute with the US has heightened volatility and disrupted market momentum. However, PL Capital has added 4 stocks that could do well in the coming quarters, while removing 6 names from its high conviction ideas. Here’s everything you need to know.
With a target price of Rs 900, the brokerage implies an upside of 24.5% from current market levels. It is seeing a gradual improvement in growth momentum supported by a pick-up in industry volumes post GST exemption. While FY26 VNB margin is going to see a drag from non-availability of ITC credit, PL expects it to improve to 24.5% and 24.8% for FY27 and FY28.
With a target price of Rs 1,150 per share, the brokerage implies an upside potential of 15% from the last close of Rs 998 per share. It is well positioned to deliver sustained growth, with management guiding for an accelerated growth run-rate of 18–20%, up from the current 15–16%. This outlook is supported by the Rs 39,620 crore MUFG Bank capital infusion, which is expected to be deployed across vehicle finance, gold loans and SME lending.
The domestic brokerage has assigned a target price of Rs 1,920 per share, predicting an upside of 40% from current market levels. Analysts see LG Electronics India Ltd as a key beneficiary of multiple structural tailwinds in the consumer durables space, driven by healthy revenue growth across segments, ongoing capacity expansion, scaling up of AMC and B2B businesses, and a sharpened focus on local raw material sourcing, which should aid margins and strengthen long-term competitiveness.
PL Capital decided to remove ITC, Ajanta Pharma, DOMS Industries, Latent View Analytics, Samhi Hotels and Voltamp Transformers from our conviction picks list, reflecting a reassessment of our priorities and evolving market conditions.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Curated by David Kim
