Analyst forecasts often offer more than just numbers; they provide insights into where the next wave of market opportunities may emerge. For investors scanning the Sensex for potential outperformers, the latest analyst consensus highlights several heavyweight stocks that could deliver strong returns over the coming year.
According to Trendlyne data, multiple Sensex stocks show attractive upside potential over the next 12 months based on average analyst target prices. This "upside" represents the expected gain from current levels and serves as a research-backed indicator for investors seeking to position themselves ahead of potential rallies. Among them, eight Sensex stocks stand out, with projected gains ranging from 20% to 30%, suggesting strong return potential in an increasingly selective market.
Mahindra & Mahindra
Mahindra & Mahindra is currently trading at Rs 3,179. Based on analyst estimates, the average target price is Rs 4,119, indicating a potential upside of 30%. Of the 34 analysts covering the stock, the consensus recommendation is Strong Buy.
NTPC
The stock is trading at Rs 342. Based on analyst estimates, the average target price is Rs 437, indicating a potential upside of 28%. Of the 27 analysts covering the stock, the consensus recommendation is Strong Buy.
Reliance Industries
The Mukesh Ambani-led company faces a weight cut, with calculated outflows of $52 million. Reliance Industries shares have risen over 13% on a year-to-date basis.
HDFC Bank
HDFC Bank is trading at Rs 820. Based on analyst estimates, the average target price is Rs 1,041, indicating a potential upside of 27%. Of the 40 analysts covering the stock, the consensus recommendation is Strong Buy.
Eternal
Based on analyst estimates, the average target price is Rs 350, indicating a potential upside of 22%. Of the 32 analysts covering the stock, the consensus recommendation is Buy. It is currently trading at Rs 287.
Infosys
Infosys is currently trading at Rs 1,097. Based on analyst estimates, the average target price is Rs 1,326, indicating a potential upside of 21%. Of the 41 analysts covering the stock, the consensus recommendation is Buy.
Bharti Airtel
Bharti Airtel is currently trading at Rs 1,909. Based on analyst estimates, the average target price is Rs 2,295, indicating a potential upside of 20%. Of the 33 analysts covering the stock, the consensus recommendation is Strong Buy.
Axis Bank
Axis Bank is currently trading at Rs 1,329. Based on analyst estimates, the average target price is Rs 1,595, indicating a potential upside of 20%. Of the 39 analysts covering the stock, the consensus recommendation is Strong Buy.
