Following an eight-week losing streak in the Nifty, its first such run since 2001, domestic brokerage PL Capital remains cautious on the near-term market outlook. The brokerage does not expect a V-shaped recovery and does not rule out a further decline before the market enters a consolidation phase. However, the brokerage has picked 8 stocks as its top picks in its latest strategy note.
Bharat Electronics currently trades at a current market price of Rs 368 with a target price of Rs 452, representing an implied upside of 22.7%. The brokerage projects revenue growth of 16.8% in 2027E, and 15.1% in 2028E.
Bharti Airtel is priced at a current market price of Rs 1,805 with a target price of Rs 2,367, offering a potential upside of 31.1%. Revenue growth is expected to reach 15.8% in 2027E and 11% in 2028E.
Britannia Industries trades at a current market price of Rs 4,825 against a target price of Rs 6,579, indicating an estimated upside of 36.4%. Its forecasted revenue growth steps up from 6.7% in 2026 to 10.7% in 2027E and 11.4% in 2028E.
GE Vernova T&D India holds a current market price of Rs 4,194 with a target price of Rs 5,928, unlocking the highest upside in the group at 41.3%. Projected revenue growth is at 32.8% in 2027E, and 30.4% in 2028E.