InCred Equities picks five stocks for Samvat 2083 with high upside
The brokerage projects an average gain of 36 per cent across its top picks, including Artemis Medicare and CarTrade Tech.
Domestic brokerage firm InCred Equities has selected five stocks for investors to watch during the Samvat 2083 Hindu calendar year, according to a Mint report. The firm expects these stocks to achieve an average upside of approximately 36 per cent based on its target prices.
Artemis Medicare is the top pick with a 46 per cent projected upside, receiving a target price of ₹437 per share. The brokerage noted improving operational performance at its Gurugram facility and potential growth from its Raipur facility. The company plans to complete a 250-bed project in Gurugram in the second half of FY28 and a 650-plus-bed facility in South Delhi by the fourth quarter of FY30.
CarTrade Tech has been assigned a target price of ₹3,517 per share, representing a 41 per cent upside. InCred cited growth prospects in the OLX classifieds business and healthy performance in the remarketing business. RHI Magnesita India is projected to rise by 35 per cent with a target price of ₹492 per share, supported by India's capital expenditure cycle.
Rolex Rings has a target price of ₹251 per share, suggesting a 33 per cent gain. The brokerage attributed recent weakness to demand challenges rather than business franchise issues. Finally, Lemon Tree Hotels is expected to see a 23 per cent upside with a target price of ₹142 per share, driven by a transition toward an asset-light model.