Honasa among 5 small and midcap stock picks by Emkay Global with upside potential up to 23%

Jun 15, 2024, 01:34:45 PM IST1/6

Top Picks

The post-election rally has left everyone surprised and analysts see little near-term upside in the Nifty from current levels because of elevated valuations and lack of positive catalysts.Domestic brokerage firm Emkay Global believes that they see very little chance of a meaningful correction as they remain constructive on the manufacturing/investment cycle and prefer playing it through durables (auto) and materials and believe that industrials and financials can be better played through select small and mid cap stocks.Below are the top small and mid cap picks from Emkay Global:

2/6

Suprajit Engineering

The domestic brokerage firm has a ‘buy’ rating on the stock with a target price of Rs 610, an upside potential of 18.7%.

3/6

Jubilant FoodWorks

Emkay Global has an ‘add’ rating on the stock with a target price of Rs 525.

4/6

Honasa Consumer

With a ‘buy’ rating on the stock, the stock has a target price of Rs 525, which is an upside potential of 23.2%.

5/6

Senco Gold

The brokerage firm retained Senco in its picks with a ‘buy’ rating and a target price of Rs 1,110, an upside potential of 12.6%.

6/6

Metropolis Healthcare

Emkay Global has a ‘buy’ rating on Metropolis Healthcare and a target price of Rs 2,200, a potential upside of 12.2%.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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