Stocks to Buy: Infosys and 5 other stocks that can deliver returns of up to 62%

Synopsis:- Equity benchmarks stayed rangebound, but brokerages flagged six stocks with upside potential of up to 62%. Target prices range between 30–62% above current levels, backed by improving earnings visibility, sector tailwinds, and medium-term growth optimism despite global and FII-related headwinds.

Equity benchmarks inched higher on January 16 to end the week little changed as earnings optimism in IT and PSU banks provided some support, but concerns around a US trade deal and persistent foreign fund outflows kept up the pressure. Here are the six stocks with upside potential of up to 62%;

Infosys

Infosys is a global IT services and consulting company providing digital transformation, cloud, AI, and enterprise solutions. Headquartered in India, it serves clients across industries worldwide, with a strong focus on innovation, automation, and sustainable business growth through technology-led services. With a market capitalization of Rs 6,82,766 crore, the shares closed at Rs 1,692 per share, increased around 5.31 percent as compared to the previous closing price.

Motilal Oswal has turned positive on the IT stock, issuing a ‘Buy’ recommendation with a target price of  Rs 2,200. The brokerage sees a potential 30% upside from the current price of  Rs 1,692, reflecting confidence in improved earnings visibility and medium-term growth prospects.

Jubilant Pharmova

Jubilant Pharmova is a diversified pharmaceutical company with operations spanning contract research, generics, radiopharma, and drug discovery. Part of the Jubilant Group, it serves global markets with a strong presence in regulated geographies and a focus on innovation-driven healthcare solutions. With a market capitalization of Rs 16,758 crore, the shares closed at Rs 1,052 per share, decreased around 1.27 percent as compared to the previous closing price.

Ventura, a Indian brokerage, initiated a ‘Buy’ rating on the stock with a target price of  Rs 1,557. This implies a potential upside of nearly 48% from the last closing price of  Rs 1,052, reflecting confidence in the company’s growth prospects and valuation comfort.

Just Dial

Just Dial is India’s leading local search and discovery platform, connecting users with businesses across categories. It enables consumers to find products and services through mobile, web, and voice platforms, supporting millions of SMEs with digital visibility and lead generation. With a market capitalization of Rs 6,129 crore, the shares closed at Rs 721 per share, decreased around 0.05 percent as compared to the previous closing price.

ICICI Securities issued a ‘Buy’ rating on the stock with a target price of  Rs 968, implying a potential upside of 34% from the previous close of  Rs 721. The call reflects confidence in the company’s growth outlook and improving fundamentals over the medium term.

Elecon Engineering

Elecon Engineering is an Indian manufacturer of industrial gearboxes and material handling equipment. With a strong global footprint, the company serves sectors such as mining, cement, steel, and power, focusing on engineering excellence, export growth, and operational efficiency. With a market capitalization of Rs 8,797 crore, the shares closed at Rs 392 per share, decreased around 1.01 percent as compared to the previous closing price.

Axis Direct has initiated a Buy recommendation on the stock with a target price of  Rs 635. This implies a potential upside of 62% from the previous closing price of  Rs 392, reflecting confidence in the company’s growth prospects and medium-term valuation re-rating.

Time Technoplast

Time Technoplast is a leading polymer-based products company operating across industrial packaging, infrastructure, and lifestyle solutions. It has a strong presence in India and overseas markets, supplying products to sectors like chemicals, oil & gas, water management, and consumer goods. With a market capitalization of Rs 8,836 crore, the shares closed at Rs 179 per share, decreased around 1.01 percent as compared to the previous closing price.

Motilal Oswal Financial Services has issued a ‘Buy’ rating on the stock with a target price of  Rs 280, implying an upside of 56% from Friday’s closing price of  Rs 179. The call reflects optimism on the company’s growth outlook and valuation comfort.

Prince Pipes & Fittings Ltd

Prince Pipes is a major Indian manufacturer of PVC, CPVC, UPVC, and HDPE pipes and fittings. Catering to plumbing, irrigation, and infrastructure needs, the company focuses on brand strength, wide distribution, and growing demand from housing and construction sectors. With a market capitalization of Rs 2,682 crore, the shares closed at Rs 243 per share, decreased around 1.84 percent as compared to the previous closing price.

Motilal Oswal Financial Services issued a Buy rating on the stock with a target price of ₹360, implying a 48% upside from Friday’s closing price of ₹243. The call reflects confidence in the company’s growth outlook and improving fundamentals.

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