Domestic brokerage firm InCred Equities has identified five 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 RHI Magnesita India, CarTrade Tech, Artemis Medicare, Rolex Rings, and Lemon Tree Hotels. Of these, the brokerage expects four stocks to deliver gains of more than 30% over the next year, while Lemon Tree Hotels is projected to offer an upside of 23%.
InCred Equities has set a target price of ₹437 per share for Artemis Medicare, indicating an upside potential of 46% from its latest closing price of ₹300.
The brokerage's positive outlook is supported by improving operational performance at its Gurugram facility, while it also sees growth potential from the Raipur facility. Occupancy currently stands at around 10%, with management targeting 20-25% by the end of FY27. InCred expects losses to stabilise over the next 18-24 months.
The company's expansion pipeline includes a 250-bed Tower IV project in Gurugram, scheduled for the second half of FY28, and a proposed 650-plus-bed South Delhi VIMHANS facility, targeted for completion in the fourth quarter of FY30, subject to environmental clearance.