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    Moneymakers! Lupin among 7 small and midcap stock bets with up to 31% upside scope

    By
    , ETMarkets.com|
    Money-making ideas
    1/8

    Money-making ideas

    With two major domestic events behind us, the market will continue to closely monitor developments regarding the Fed rate cut expected around September 2024, the pickup during the festive season, US bond yields, and the US presidential elections in November 2024. In the past month, the benchmark index Nifty 50 increased by 1.1%, while the Midcap and Small Cap indices rose by 0.5% and 1.2%, respectively. With this, domestic brokerage firm Axis Securities has picked 7 ideas from small and midcap segments with upside potential of up to 31%:

    iStock
    Aurobindo Pharma
    2/8

    Aurobindo Pharma

    Category: Mid-cap
    CMP: Rs 1,550.55
    Target price: Rs 1,730
    Upside potential: 11.6%

    ETMarkets.com
    Lupin
    3/8

    Lupin

    Category: Mid-cap
    CMP: Rs 2,243.55
    Target price: Rs 2,500
    Upside potential: 11.45%

    ETMarkets.com
    Sansera Engineering
    4/8

    Sansera Engineering

    Category: Small-cap
    CMP: Rs 1,430.35
    Target price: Rs 1,875
    Upside potential: 31%

    ETMarkets.com
    Dalmia Bharat
    5/8

    Dalmia Bharat

    Category: Mid-cap
    CMP: Rs 1,913.80
    Target price: Rs 2,120
    Upside potential: 10.8%

    ETMarkets.com
    Federal Bank
    6/8

    Federal Bank

    Category: Mid-cap
    CMP: Rs 195
    Target price: Rs 230
    Upside potential: 18%

    ANI
    J Kumar Infraprojects
    7/8

    J Kumar Infraprojects

    Category: Small-cap
    CMP: Rs 805.55
    Target price: Rs 950
    Upside potential: 18%

    ETMarkets.com
    Prestige Estates Projects
    8/8

    Prestige Estates Projects

    Category: Mid-cap
    CMP: Rs 1,786
    Target price: Rs 2,195
    Upside potential: 23%

    (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)

    ETMarkets.com
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