These companies are tracked by at least 10 analysts. Ujjivan Bank, Bandhan Bank, PSP Projects, Vedant Fashions, PNB Housing Finance, Prince Pipes & Fittings, Transport Corp, Greenpanel Industries, Galaxy Surfactants, and Somany Ceramics, could return at least 25%, according to average price targets on Bloomberg.
The majority of stocks have dropped from the beginning of the month, with the Nifty Midcap and Smallcap indices plunging by 6% and 9%, respectively, compared to a 2.2% fall in the Nifty 50 index.
Ujjivan Bank, which has declined by 23% so far this month, could potentially rally by 50% within a year, according to 14 analysts tracking the stock. Similarly, Bandhan Bank, tracked by 28 analysts, could see an upswing of up to 45%. The stock has witnessed a decline of 26% since March. Among large caps, HDFC Bank, after having fallen by 16% this month, could gain by 34% in a year.
