Top 10 stocks rated ‘Buy’ this week: Brokerages project 23% to 54% return

For context, the Indian stock market has extended its seventh consecutive week of losses, marking its longest losing streak since 2020.

Key points

• The firm is additionally testing smaller stores in towns with populations of 40, 000-50, 000 in Uttar Pradesh and Haryana.
• Here are 10 names where their target rates indicate potential upside ranging from 23% to 54%.
• According to the brokerage report, the Vishal Mega Mart at present operates 833 stores and sees room for a much larger store network.
• Brokerages continue to see potential in a number of individual stocks.

Brokerages continue to see potential in a number of individual stocks. Recent reports from Jefferies, Kotak Institutional Equities, Bank of America, Macquarie, Ambit Capital, Motilal Oswal, UBS and Emkay have highlighted firms throughout retail, insurance, consumer goods, capital markets, infrastructure, energy, finance and defence.

Here are 10 names where their target rates indicate potential upside ranging from 23% to 54%. Jefferies on Vishal Mega Mart: 'Purchase' with 54% upside.

Jefferies retained its 'Purchase' rating on Vishal Mega Mart with a target rate of Rs 160, implying around 54% upside based on the cost cited in the brokerage report.

According to the brokerage report, the Vishal Mega Mart at present operates 833 stores and sees room for a much larger store network. Management is targeting double-digit same-store sales expansion in FY27.

For context, the firm is additionally testing smaller stores in towns with populations of 40, 000-50, 000 in Uttar Pradesh and Haryana. According to Jefferies, these formats could eventually expand Vishal Mega Mart's long-term store opportunity to around 4, 000 outlets. Kotak on SBI Life Insurance: 'Purchase' with 45% upside.

Kotak Institutional Equities has a 'Purchase' rating on SBI Life Insurance with a fair value of Rs 2, 550, indicating around 45% upside based on the valuation in its report.

For now, top 10 stocks rated 'Buy' this week: Brokerages project 23% to 54% remains the part of the story worth watching, and further updates are likely as more details are confirmed.