Indian equity markets have been struggling so far this year, with fears of global central banks hiking key rates for longer than expected weighing down on them. This has caused the markets to remain volatile due to expensive valuations in the short term. However, according to analysts' estimates compiled by Trendlyne, there are select stocks that have the highest upside potential in the next 12 months.
We have excluded Adani group companies from this list as they have been under selling pressure and have fallen steeply from highs since the Hindenburg report. Here are the top 10 stocks with the highest potential for growth over the next 12 months:
Vaibhav Global - The stock can rally up to 105% over the next 12 months from the current levels, with an average estimate of analysts covering the stock showing the stock can surge up to 93% from the current market price, which is at Rs 321.
Aarti Surfactants - Analysts predict that the stock can rally up to 92% over 12 months. The current market price of the stock is Rs 451.35.
Jubilant Ingrevia - The stock has the potential to rise up to 90% from the last traded price. The current market price is Rs 972.75.
Macrotech Developers - The stock can surge up to 84% from current levels in 12 months. The last traded price of the stock is Rs 606.
Jindal Steel & Power - The upside potential for the stock is 77% from the current levels in 12 months. The current market price is Rs 718.
Aditya Birla Fashion - The stock can see a rally of up to 75% in 12 months. The stock is currently quoting Rs 626 apiece.
Aditya Birla Capital - The stock has the potential to surge up to 70% from the current market price, which is Rs 432.
Infibeam Avenues - The stock can surge up to 69% in a 12-month period. The current market price is Rs 16.55.
Thyrocare Technologies - The stock has the potential to gain up to 69% from the last traded price. The CMP of the stock is Rs 462.5.
Federal Bank - The stock can rise up to 67% from the current levels in 12 months. The current market price is Rs 94.55.
Investors should do their own due diligence and research before investing in any of the above-mentioned stocks. However, these stocks have been identified as having high upside potential and are worth keeping an eye on
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