Samvat 2082: Nifty 50 and Sensex saw their biggest weekly gains in years just before the start of Samvat 2083. As investors await the Muhurat trading session, PL Capital sees strong upside potential in select mid and small-cap stocks including Blue Star, CES, Delhivery and Ingersoll-Rand (India).
The brokerage sees up to 56% upside in these stocks. As Nifty 50 closed Samvat 2082 with nearly 2.59% loss, market experts believe that the coming Samvat will see strong growth supported by attractive valuations, robust corporate earnings and policy support.
Blue Star share price closed 0.73% higher at ₹1580 per share on BSE with a market capitalisation of ₹32,487.14 crore on BSE on Friday. The stock has delivered -11.48% return in one year.
The company is well-positioned to capitalise on India’s structural cooling demand, supported by low RAC penetration, market share gains and expanding distribution. The RAC industry is expected to grow by 25% in the financial year 2026-27, highlighted PL Capital in its report. The company is expected to witness strong traction in data centre MEP, with order bookings expected to reach data centre business.
PL Capital gave a ‘Buy’ rating for the stock with a target price of ₹1783 per share. “We expect Revenue/EBITDA/PAT CAGR of 17.6%/18.1%/23.2% over FY26-29E. We maintain our positive view on the stock with a SOTP-based TP of INR1,783, implying 40x Sep’28E EPS.”