High conviction picks! Bharti Airtel, Kotak Bank, 3 other stocks

50-share Nifty is currently trading at a 12% discount to its 15-year average PE, with valuations approaching levels last seen during key events such as GST implementation and demonetisation. While the index is testing these lower multiples, a breach of recent lows appears unlikely unless there is a sharp worsening in the geopolitical backdrop.

With a target price of Rs 2,266, the brokerage implies an upside potential of 22% from current levels. Premiumisation supported by rising 5G penetration and continued expansion of 5G network sites, remains a key driver of ARPU growth. With peak 5G capex largely behind, FCF generation is expected to strengthen, aiding balance sheet deleveraging.

The brokerage has pegged the target price at Rs 500, implying an upside of 32% from current levels. The lender is well placed to maintain healthy double-digit credit growth over the medium term, supported by strong traction in SME and secured retail segments, along with a recovery in unsecured lending excluding MFI as stress levels ease.

The brokerage has pegged the target price at Rs 1,050, forecasting a 20% upside. The hospital’s margins have expanded by 550 bps year-on-year over FY23 to 9MFY26, reaching 23%, and further improvement is expected. This is likely to be supported by a better case and payor mix, ongoing cost rationalisation efforts, and the ramp-up of the Manesar and Greater Noida units, along with new brownfield bed additions.

The target price pegged by the brokerage is Rs 204, an upside of 20% from current levels. Earnings momentum is improving, led by operational efficiencies, lower distribution losses, and stronger performance at key assets, with PAT CAGR of 7% over FY26-28E vs 3% over FY22-25. Growth visibility is supported by improving cash-flow quality and a scaling renewables pipeline.

With a target price of Rs 207, the brokerage forecasts an upside of 71% from current market levels. It is a prominent Indian hospitality company known for owning and operating luxury boutique hotels. It operates through five distinct brands, including THE Park, THE Park Collection, Zone by The Park, Zone Connect, and Stop by Zone, with a focus on offering design-led and experience-driven stays.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

High conviction picks! Bharti Airtel, Kotak Bank, 3 other stocks with up to 70% upside potential - Bullish Bets

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