CLSA's Top Stock Picks with Up to 22% Upside
Leading international brokerage house CLSA has recommended an 'Outperform' rating on three stocks with potential upside of up to 22%.
According to CLSA, these stocks are poised for significant growth, making them attractive investment opportunities.
Top Picks and Investment Rationale
- HDFC Bank: CLSA has raised the target price to Rs 1,200 per share, implying a 19% upside from current levels.
CLSA expects HDFC Bank's return on equity to cross 14% and forecasts the bank to "deliver 11% loan growth in FY26 and 14-15% thereafter.
Author's summary: CLSA recommends three stocks with up to 22% upside potential.