Stocks to Buy: Swiggy and 5 other stocks that can deliver returns of up to 88%

Synopsis:-  Brokerages have identified six stocks with potential upside ranging from 30% to 92%. Target prices span ₹400 to ₹2,501, compared to current levels between ₹178 and ₹1,922. Optimism is driven by sectoral growth, expanding distribution, export momentum, and improving scale efficiencies across financial, FMCG, industrial, and tech platforms.

On February 3, Indian equity benchmarks surged after the long-awaited India–US trade agreement eased a major market uncertainty. The BSE Sensex rallied 2.54% to close at 83,739.13, while the NSE Nifty 50 climbed 2.55% to settle at 25,727.55, reflecting strong investor optimism following the breakthrough deal. Here are the six stocks with upside potential of up to 88%;

SBI Cards and Payment

SBI Cards and Payment Services is one of India’s leading credit card issuers, promoted by the State Bank of India. The company offers a wide range of credit card products catering to retail and corporate customers. With a strong distribution network and digital focus, it plays a key role in India’s growing consumer finance ecosystem. With a market capitalization of Rs 72,110.54 crore, the shares closed at Rs 757.80 per share, increased around 3 percent as compared to the previous closing price.

Anand Rathi has assigned a target price of  Rs 992 to SBI Cards and Payment Services, indicating a potential upside of about 31% from the current level of  Rs 757. The brokerage remains optimistic on the company’s growth outlook, supported by improving spending trends and steady expansion in its credit card portfolio.

Acutaas Chemicals

Acutaas Chemicals is a pharmaceutical and specialty chemicals company engaged in manufacturing active pharmaceutical ingredients (APIs) and intermediates. The company focuses on research-driven development, regulatory compliance, and export markets, positioning itself as a niche player serving global pharmaceutical and chemical industries. With a market capitalization of Rs 16,115.92 crore, the shares closed at Rs 1,968.45 per share, increased around 2 percent as compared to the previous closing price.

IDBI Capital has set a target price of  Rs 2,501 on Acutaas Chemicals, implying a potential upside of nearly 27% from the current level of  Rs 1,968.45. The positive outlook reflects confidence in the company’s growth prospects, supported by its strong positioning in specialty chemicals and expanding opportunities in regulated markets.

Aeroflex Industries

Aeroflex Industries manufactures flexible flow solutions, including stainless steel corrugated hoses and assemblies. The company caters to industries such as oil and gas, power, chemicals, and pharmaceuticals. With a strong export presence, it emphasizes quality standards, certifications, and expanding global distribution capabilities. With a market capitalization of Rs 2,403.42 crore, the shares closed at Rs 185.85 per share, increased around 8 percent as compared to the previous closing price.

ICICI Direct has given a target price of  Rs 245 on Aeroflex Industries, indicating a potential upside of nearly 32% from the current level of  Rs 185. The brokerage’s positive stance reflects confidence in the company’s export-driven growth, expanding capacity, and strong demand across industrial and global markets.

Gopal Snacks

Gopal Snacks is an Indian packaged food company known for its namkeen, snacks, and traditional savory products. With a strong presence in western India, the company focuses on brand building, distribution expansion, and product innovation to capture growth in the organized snacks market. With a market capitalization of Rs 3,792.26 crore, the shares closed at Rs 304.30 per share, increased around 3 percent as compared to the previous closing price.

Motilal Oswal has set a target price of  Rs 400 on Gopal Snacks, suggesting a potential upside of around 32% from the current level of  Rs 304. The brokerage remains optimistic on the company’s growth trajectory, supported by strong brand positioning, expanding distribution network, and rising demand in the organized snacks segment.

Bikaji Foods International

Bikaji Foods International is a leading Indian FMCG company specializing in ethnic snacks, sweets, and packaged foods. The company has a strong domestic distribution network and a growing international presence. Known for its traditional flavors and brand recall, it continues expanding capacity and product offerings. With a market capitalization of Rs 16,613.04 crore, the shares closed at Rs 662.95 per share, increased around 1.16 percent as compared to the previous closing price.

Motilal Oswal has assigned a target price of  Rs 900 to Bikaji Foods, indicating a potential upside of nearly 35% from the current level of  Rs 662. The brokerage’s positive outlook is driven by expectations of steady volume growth, improving margins, expanding distribution reach, and continued strength in the branded snacks and sweets segment.

Swiggy

Swiggy is one of India’s largest online food delivery and quick-commerce platforms. It connects customers with restaurants and grocery partners through its technology-driven platform. Beyond food delivery, Swiggy has expanded into instant grocery delivery and logistics services, focusing on convenience and rapid last-mile fulfillment. With a market capitalization of Rs 87,653.76 crore, the shares closed at Rs 317.55 per share, increased around 3.23 percent as compared to the previous closing price.

ICICI Securities has issued a Buy rating on Swiggy with a target price of  Rs 600, implying a significant upside of nearly 89% from the current level of  Rs 317.55. The recommendation reflects strong confidence in the company’s long-term growth potential, driven by expanding food delivery, quick-commerce operations, and improving scale efficiencies.

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