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Jul 23, 2026, 08:54:01 AM IST
With the Nifty50 down 8% in 2026 amid the Iran war and elevated oil prices, these 12 large, mid and small cap stocks have emerged as picks from three leading brokerage firms. Here’s what investors should know.
IANS
Goldman Sachs is bullish on Reliance Industries. The company is India's largest conglomerate with businesses spanning energy, petrochemicals, retail and telecommunications. The stock has fallen 18.5% YTD.
Agencies
Goldman Sachs has HDFC Bank as one its top picks but the stock has fallen 24% this year. It is India's largest private sector bank, offering a wide range of retail and corporate banking services.
Reuters
One of India’s power mammoths, the Wall Street major is bullish on Adani Power and the stock has risen 46% in 2026. The company is one of India's largest private thermal power producers.
Reuters
Goldman Sachs is bullish Adani Enterprises. The stock has risen 39.20% to become the top performer on Nifty in 2026. It is the flagship company of the Adani Group with businesses across infrastructure, mining, airports and new energy.
Agencies
InCred Equities has a target price of Rs 17,350 on APAR Industries, implying an upside of 27% from its current market price of Rs 13,632.
ETMarkets.com
7/13
Container Corporation of India (CONCOR)
InCred Equities has assigned a target price of Rs 705 to Container Corporation of India, indicating a potential upside of 47% over its current market price of Rs 480.
ETMarkets.com
8/13
Tenneco Clean Air India
Tenneco Clean Air India has a target price of Rs 686, suggesting an upside of 23% from its current market price of Rs 556, according to InCred Equities.
ET Online
9/13
Home First Finance Company India
InCred Equities has set a target price of Rs 1,450 for Home First Finance Company India, implying a potential upside of 17% from its current market price of Rs 1,238.
ETMarkets.com
10/13
Ujjivan Small Finance Bank
With a target price of Rs 78, Axis implies an upside of 20% from current market levels. It is a leading and diversified SFB that transitioned from a NBFC (Ujjivan Financial Services Ltd.) in Feb'17. The bank primarily serves low and middle-income individuals and businesses in metro and urban areas with limited or no access to formal banking and financial services.
Agencies
Axis has assigned a target price of Rs 1,000, implying an upside of 22% from current market levels. It is a leading owner, developer, and asset manager of high-end hotels in India, primarily operating in key metro cities such as Mumbai, Hyderabad, Bengaluru, and Pune. The company’s portfolio comprises luxury and upper upscale hotels managed by renowned global brands like Marriott, Westin, and Four Points.
ETMarkets.com
The company has a target price of Rs 785, an upside of 17% from the previous close. It is a major technology-driven manufacturer of automotive components and systems for both domestic and global original equipment manufacturers (OEMs). It is the flagship company of the Spark Minda Group and a leading supplier of mechatronic products, wiring harnesses, and vehicle access systems.
ANI
13/13
Healthcare Global Enterprises
With a target price of Rs 750, the brokerage forecasts upside potential of 12% from current levels. The company has strategically positioned itself as India’s foremost pure-play oncology powerhouse, commanding a network of nearly 22 Comprehensive Cancer Centers (CCCs) and dedicated infusion facilities across the nation.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
ANI
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