Hindalco, Tata Steel, among 5 stocks – Analyst picks for 52% potential upside in 1 year

The Nifty 50 index saw a decline of 0.70% last week, reflecting foreign capital outflows and an economic slowdown. Analyst Kunal Kamble suggests focusing on large-cap stocks like Tata Steel and Kotak Mahindra Bank for potential long-term gains, forecasting an upside of 21-52%. Kamble’s recommendations highlight key support and resistance levels, presenting an opportunity for investors looking to enter at favorable levels.

As of March 13, 2025, the Nifty 50 index fell 73 points to close at 22,397.20, down 0.33%. Since hitting a high of 26,277.35 on September 27, the index has corrected by 15%, driven by foreign capital outflows, weak earnings, slowing growth, and concerns over global trade tensions. While technical indicators show mixed signals, Kamble points out that the Nifty 50 historically sees a correction of around 18%, which could signal an accumulation phase for investors.

Key Levels to Watch:

Support at 21,300, with any further dips seen as a buying opportunity.

Resistance at 22,700, with a breakout above 23,000 offering further upside potential.

Here are Kamble’s top five stock picks for long-term growth, each with a forecasted 21-52% upside:

Tata Steel

Previous Close: ₹150.88

Target Price: ₹200-230

Upside Potential: 52%

Tata Steel has shown strong buying interest after a retracement to its 50EMA. With continued upward momentum, the stock is positioned for further gains, with a stop loss of ₹120.

Kotak Mahindra Bank

Previous Close: ₹1,985.10

Target Price: ₹2,620-2,800

Upside Potential: 41%

Kotak Mahindra Bank has seen accumulation and a breakout from key support levels, signaling a continuation of the uptrend. The stock is expected to rise toward ₹2,620-2,800, with a stop loss of ₹1,660.

Hindalco Industries

Previous Close: ₹677.35

Target Price: ₹850-950

Upside Potential: 40%

Hindalco has resumed its uptrend with a bullish pattern, signaling sustained strength. The stock is expected to reach ₹850-950, with a stop loss of ₹570.

SBI Cards and Payment Services

Previous Close: ₹829.85

Target Price: ₹1,020-1,150

Upside Potential: 39%

A breakout from a descending triangle confirms a trend reversal. With increasing buyer interest and bullish momentum, SBI Cards is expected to rise toward ₹1,020-1,150, with a stop loss of ₹710.

Bajaj Finance

Previous Close: ₹8,420.45

Target Price: ₹9,590-10,200

Upside Potential: 21%

Bajaj Finance has broken its all-time high and continues to show strong bullish momentum. With a confirmed uptrend, the stock is likely to move toward ₹9,590-10,200, with a stop loss of ₹7,900.

Disclaimer: Investors are advised to consult certified experts before making investment decisions.