Analysts Recommend Page Industries And JK Lakshmi Cement With 18–20% Upside Potential In 2026

Pearl Doshi - Gujarat Bureau May 29, 2026 1,250 Views

Analysts have spotlighted select large- and mid-cap stocks in India that could deliver 15–20% returns over the next year, driven by strong earnings visibility, sectoral growth, and resilient demand. Recommendations include Page Industries, JK Lakshmi Cement, Nykaa, ITC, and PNC Infratech, with upside potential ranging from 12% to 20%.

Brokerage firms remain selectively bullish on a handful of Indian equities despite global volatility. With India’s economy expanding and corporate earnings showing resilience, analysts believe certain companies are well-positioned to outperform benchmarks and deliver double-digit returns in the next 12 months.

Large- And Mid-Cap Picks

Brokerages such as Elara Securities, Morgan Stanley, Nuvama, and Axis Securities have issued fresh recommendations across consumption, retail, cement, and infrastructure sectors. These companies combine healthy growth visibility, strong demand drivers, and improving margins, making them attractive for investors seeking alpha.

Stocks With Upside Potential

Page Industries: Target ₹46,000 vs current ₹38,320, potential upside ~20% (Elara Securities).
JK Lakshmi Cement: Target ₹734 vs current ₹620, potential upside ~18% (Elara Securities).
Nykaa (FSN E-Commerce Ventures): Target ₹321 vs current ₹274, potential upside ~17% (Nuvama).
ITC: Target ₹346 vs current ₹308, potential upside ~12% (Morgan Stanley).
PNC Infratech: Target ₹245 vs current ₹212, potential upside ~15% (Axis Securities).

Sectoral Drivers

Consumption & Retail: Page Industries and Nykaa benefit from rising consumer demand and brand strength.
Cement & Infrastructure: JK Lakshmi Cement and PNC Infratech are positioned to gain from government spending and private sector expansion.
FMCG: ITC continues to deliver steady growth across cigarettes, packaged foods, and hotels.

Investment Insights Highlights

•⁠ ⁠Analysts project 12–20% returns from select large- and mid-cap stocks

•⁠ ⁠Page Industries and JK Lakshmi Cement lead with nearly 18–20% upside potential

•⁠ ⁠Nykaa and PNC Infratech expected to deliver 15–17% returns

•⁠ ⁠ITC offers steady growth with 12% upside forecast

•⁠ ⁠Sectoral drivers include consumption demand, infrastructure push, and FMCG resilience

Sources: The Economic Times, ET Now, WelthWest Research

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