PL Capital picks 8 largecap stocks with upside potential of up to 41%. See full list

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.

2/9

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.

3/9

Bharti Airtel

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.

Reuters

4/9

Britannia Industries

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.

5/9

GE Vernova T&D India

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.

ETMarkets.com

6/9

ICICI Bank

With a target price of Rs 1,850, the private lender is yielding a 36.5% potential upside. Revenue expansion accelerates sequentially from 7.6% in 2026 to 17.7% in 2027E and 19.9% in 2028E, the brokerage said.

Agencies

7/9

Kotak Mahindra Bank

Kotak Mahindra Bank has target price of Rs 500, implying a 13.4% upside potential. Revenue growth is forecasted from 5.9% in 2026, scaling to 13.3% in 2027E and 18.3% in 2028E, PL Capital said.

Agencies

8/9

Larsen & Toubro

Larsen & Toubro trades at a current market price of Rs 3,703 against a target price of Rs 4,425, outlining a potential upside of 19.5%. Revenue growth is projected from 11.8% in 2026, 10.3% in 2027E, and 14.5% in 2028E.

ETMarkets.com

9/9

Shriram Finance

Shriram Finance carries a current market price of Rs 940 with a target price of Rs 1,250, reflecting a 33% expected upside. The company anticipates revenue growth from 15% in 2026, peaking at 21.1% in 2027E before moderating to 14.1% in 2028E.