Analyst reports released this week were on the bullish side with them projecting bull case targets for up to 75% in stocks. Some underperforming stocks saw marquee investors check-in, while some stocks were “ready to take off” as per some analysts.
Here is a look at some of the most bullish recommendations this week:
Laxmi Dental
Motilal Oswal initiated coverage on the stock on Monday, July 14, with a “buy” recommendation and a price target of ₹540 per share. This implies an upside potential of 26% from last Friday’s close. However, the brokerage ascribed a bull case price target of ₹750 per share, which implies a potential upside of 75% from last Friday’s close. The stock gained 12% last week, following the report.
Vishal Mega Mart
Motilal Oswal also initiated coverage on Vishal Mega Mart last week, a recently listed outperforming IPO. The brokerage’s “buy” rating came with a price target of ₹165 per share, and this, after the stock has already rallied 75% from its IPO price of ₹78. Its bull case target of ₹210, implied a 55% potential upside.
Wires & Cables Stocks
The week also saw JM Financial initiating coverage on Wires and Cables stocks – Polycab India, KEI Industries and RR Kabel, expecting the industry to continue on its strong growth path. It projected an 18% upside for multibagger Polycab, a 25% upside for KEI Industries and a 23% upside potential for RR Kabel.
Raymond
Antique Stock Broking initiated coverage on the stock on Friday with a “buy” rating and a price target of ₹900, implying a potential upside of 30% from current levels. Antique expects Raymond’s revenue, EBITDA, and profit to grow at 16%, 38%, and 55% annually, with operating margins rising to 12.2% in FY26, 14.9% in FY27, and 15.3% in FY28 respectively.