Stocks to watch: Macquarie identifies 6 potential doublers over next 3 years
[hfe_template id='11223']
[ad_1]
Global brokerage Macquarie has unveiled its latest India Strategy report, spotlighting IRCTC and AB Capital among six stocks it believes have the potential to deliver 2x returns over the next three years. These stocks, dubbed as the "Rising Stars", are expected to benefit from strong structural tailwinds, shifting consumer trends, and a favorable domestic macroeconomic environment. IRCTC: Target price: Rs 900 Leading the list is IRCTC, for which Macquarie has set a 12-month target price of Rs 900, with an expectation of further long-term upside. Uno Minda: Target price: Rs 1,157 Uno Minda is another top pick in this category, with a target price of Rs 1,157. Macquarie is bullish on the company’s diversified revenue mix and its wide-ranging auto components portfolio, which positions it well to ride the momentum in the automotive sector. Aditya Birla Capital (AB Capital): Target price: Rs 260 Live Events AB Capital is considered o...