Domestic brokerage firm Anand Rathi has identified six stocks to consider buying during the Hindu calendar year Samvat 2083, projecting an average upside potential of around 36% based on its target prices.
The list includes HDFC Asset Management Company, Tech Mahindra, SBI, Cemindia Projects, Shilpa Medicare, and Indo-MIM. Of these, the brokerage expects four stocks to deliver gains of more than 20% over the next year.
Anand Rathi expects HDFC Asset Management Company shares to reach ₹2,800 over the next 12 months, implying an upside potential of 18% from the current market price of ₹2,380.
The brokerage is positive on HDFC AMC's prospects, given its strong retail franchise, higher equity assets under management (AUM) mix, and healthy profitability. The company's expansion into alternative investment products offers additional growth opportunities.
However, market-share trends, fund performance, and competitive intensity remain key factors to monitor.