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5 Stocks with Upside Potential up to 40%

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5 Stocks with Upside Potential up to 40% in India, According to Various Brokerage Firms

Vedanta Limited (VEDL)
Vedanta Limited is a diversified mining and metals company with a formidable track record of profitability and growth. As the world’s demand for commodities is on the rise, Vedanta, with its diversified portfolio, is poised to reap the benefits. This company’s strong position in the market makes it a potential candidate for your investment portfolio.

Aditya Birla Fashion and Retail Limited (ABFRL)
As one of India’s leading apparel and fashion retailers, Aditya Birla Fashion and Retail Limited stands as a promising investment. The company’s strong brand portfolio and an ever-expanding network of stores underscore its potential. With the middle class in India growing and their disposable income increasing, ABFRL is poised to capitalize on this trend, making it a company to keep an eye on.

Bata India Limited (BATA)
Bata India Limited, a leading Indian footwear retailer, has a strong brand portfolio and an extensive distribution network. As the demand for footwear in India continues to grow, Bata is well-positioned to meet this demand. The company’s robust position in the Indian market makes it a potential investment with significant upside.

Thermax Limited (THERMAX)
Thermax Limited, a leading Indian energy and environment engineering company, provides a diversified portfolio of products and services. With an impressive track record of execution, Thermax stands poised to benefit from the government’s increased focus on renewable energy and environmental protection. This makes the company a viable investment option for those looking to invest in sustainable businesses.

Nykaa Limited (NYKAA)
Nykaa Limited, one of the leading online beauty and personal care retailers in India, has a loyal customer base and a strong brand portfolio. With the demand for beauty and personal care products on the rise in the country, Nykaa is well-positioned to capitalize on this trend. This makes the company a promising investment opportunity for those looking to tap into the burgeoning online beauty market in India.

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