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Asia
The Hindu BusinessLine

Investors looking for shelter from AI storm are turning to India

After losing out big on the global AI rally, Indian equities are regaining the attention of investors seeking to weather the latest market turbulence. With the artificial intelligence frenzy roiling benchmark gauges from Asia to the US, the NSE Nifty 50 Index is becoming a safe haven of sorts for global investors. In the first half of the year, it moved 1% or more on just about one-third of the days — less than the MSCI Emerging Markets Index and barely more than the S&P 500 Index. India’s lack of AI plays has been a hurdle most of the year as investors turned to markets like South Korea and Taiwan that delivered stellar returns. But with concerns mounting over the sustainability of that trade, interest in India is slowly coming back. In June, the Nifty 50 outperformed the MSCI Emerging Markets Index by the most since November, while foreign outflows were the smallest in four months. “India’s calm comes down to one thing: It sits outside the AI trade,” said Maxence Visseau, chief investment officer of Arkevium Capital in Dubai. His firm is neutral on the market and uses it as a diversifier, he said. “India works as an AI hedge inside the EM complex.” Indian equities remain some of the world’s worst performers this year, but the tide is starting to turn as the rupee stabilizes after hitting a record low and oil gains that tanked shares of refiners and airlines recede on easing tensions in the Middle East. That’s reduced inflation concerns and brightened prospects for India’s economic growth, according to a government report at the end of June. At the same time, market players are getting more upbeat about the upcoming earnings season, which Tata Consultancy Services Ltd. kicks off on Thursday. “The fall in commodity prices has altered the macro outlook for India almost overnight,” said Sandip Sabharwal, founder of research house Asksandipsabharwal.com in Mumbai. “Lower commodity prices, improving capital flows and stable interest rates create an environment where earnings upgrades are likely to exceed downgrades over the coming quarters.” In a note to clients, Morgan Stanley analysts including Ridham Desai wrote last month that India has become a “much larger macro asset class.” The less volatile inflation data in recent years support equity valuations and turn the market into one of defensive growth that can withstand global shocks better than it used to, they said. Over the past decade, the Nifty 50 almost tripled, delivering annual gains of more than 10% on six separate years. The benchmark index logged 38 sessions with moves of 1% or more in either direction in the first six months of 2026, compared with 59 for MSCI’s emerging-market and Asian gauges and 32 for the S&P 500. South Korea’s Kospi index was off the charts, with 79 days of fluctuations of at least 1% — or two-thirds of the days in 2026. Meanwhile, the India NSE Volatility Index dropped for a third straight month in June, falling below its one-year average and reaching its lowest level since February on Friday. That’s a far cry from April, when the gauge of option prices was at a one-year high relative to the Cboe Volatility Index, shortly after the Nifty 50 tanked to a low. Kruti Shah, a quantitative analyst at Equirus Securities, sees a “bullish undertone” in the Nifty 50 and favors call spreads to bet on more gains, adding that the upcoming earnings season may offer some positive surprises. “India was held back earlier this year by higher energy prices, elevated valuations and limited exposure to the AI trade,” said Ben Powell, chief investment strategist for the Middle East and Asia Pacific at BlackRock Investment Institute. “As those pressures have eased, investors may look beyond AI-heavy markets. That could put India back on investors’ radar as a differentiated opportunity within emerging markets.”

Investors looking for shelter from AI storm are turning to India
Europe
The Guardian

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz

Cargo ships in the Gulf, near the strait of Hormuz. Photograph: ReutersView image in fullscreenCargo ships in the Gulf, near the strait of Hormuz. Photograph: ReutersOilOil price falls to pre-Iran war levels as more tankers exit strait of HormuzFears of long-lasting energy crunch ‘slinking away’ as vessel traffic doubled in 24 hours to highest level since late February Oil prices have fallen below levels last seen before the Iran war started in late February as more oil tankers exited the strait of Hormuz. Brent crude, the global benchmark, fell to a low of $72.24 a barrel on Thursday, slightly lower than the day before the US and Israel launched missile attacks on Tehran on 28 February. Prices have fallen more than 20% this month. Brent crude for August delivery was ‌trading lower than that for September, which ‌was priced at $73.59, signalling ample short-term supply. Vessel traffic in the strait, a vital shipping passage, doubled over the previous 24 hours to its highest level since late February, according to CNN and MarineTraffic data. Ipek Ozkardeskaya, senior analyst at Swissquote, said news that vessels are now transiting the strait of Hormuz with their satellite signals switched on had helped push down the oil price. She added: “A combination of strategic inventory releases, a collapse in demand from top buyer China and a substantial number of tankers quietly leaving the Persian Gulf “dark” had contributed to a small oversupply in some important markets.” Susannah Streeter, chief investment strategist at the Wealth Club, said: “Fears of a long-lasting global energy crunch induced by the Iran conflict are slinking away, with oil prices sinking back towards pre-crisis levels. Instead of relief coursing through European markets, there’s still a big dose of caution as the knock-on effects of the record-breaking heatwave collide with concerns about weak growth across the region.” A Liberian-registered oil tanker made its way out of the strait on Thursday using a new route close to Oman that has been promoted by a UN maritime agency, despite threats from Iran’s Revolutionary Guards. Tensions are rising again between Iran and the US over the terms of their interim accord. In a memorandum of understanding signed last week, both agreed to a 60-day period while they try to negotiate a permanent peace deal. A big threat to the deal is Lebanon. Israel launched an airstrike that killed two people in southern Lebanon on Wednesday, the country’s state-run news agency said. It was Israel’s first airstrike in the country since the latest ceasefire took effect on Saturday. Streeter said: “There’s still a long way to go to clear the backlog and fully meet demand, but with oil-producing nations turning on the taps and repairs to infrastructure ongoing, oil prices are on the decline. Energy-efficiency measures adopted during the crisis, coupled with fears of slowing global growth, are contributing to the bearish outlook for the sector.

Oil price falls to pre-Iran war levels as more tankers exit strait of Hormuz
Europe
BBC Business

Oil price falls back to pre-Iran war levels

Image source, The Dallas Morning News via Getty ImagesByOsmond ChiaBusiness reporterPublished25 June 2026, 08:11 BSTUpdated 4 hours agoThe price of oil has fallen to levels not seen since before the Iran war as traffic through the key Strait of Hormuz shipping route gradually resumes. Global benchmark Brent crude briefly fell below $72.48 (£55) a barrel, the price it was at the day before the US and Israel launched attacks on Iran on 28 February, before edging up to $72.63. Energy prices have been on a wild ride since Iran responded to the strikes by effectively closing the strait, a critical waterway for oil and gas shipments. The cost of crude has been moving sharply lower since the US and Iran signed a Memorandum of Understanding (MOU) on 17 June which set out a 60-day period for negotiations on Tehran's nuclear programme and other measures to end the war. Representatives from the two sides met in Switzerland last weekend for talks to end the war, which resulted in the US partially lifting sanctions on Iranian oil exports. The number of vessels crossing the Strait of Hormuz has risen significantly since the MOU was signed, according to maritime intelligence firm Kpler. The ships passing through the waterway in recent days include those carrying crude oil, liquefied natural gas (LNG), fertiliser and other goods, Kpler told the BBC. The US and Iran had also formed a "communication line" to prevent misunderstandings "with the aim of safe passage for commercial vessels through the Strait of Hormuz", mediators Qatar and Pakistan said in a joint statement on Monday. There has been a "tremendous shift" with far more ships using the strait in recent days, said Dimitris Maniatis, the chief executive of Marisks, a maritime risk advisory firm working with ships stuck in the region. His company estimates around 80 ships have crossed the Strait of Hormuz since Monday after the first round of peace talks between US and Iran in Switzerland. A limited number of ships can cross a northern passageway with the permission of Iranian authorities, he said. The US navy has also provided guidance for vessels to travel through a southern route that is safe from mines and other obstacles that has been laid out since the war, Maniatis said.

Oil price falls back to pre-Iran war levels
Asia
The Hindu BusinessLine

Top IT stocks stare at great valuation reset

Welcome to the new guessing game in town, that is, ‘Are IT stocks cheap?’. The debate has been raging the last six months and each time it appears cheap enough, another blow lays it low. A few weeks back it was Accenture’s disappointing outlook that triggered a correction. Last week it was KPIT Technologies’ negative pre-announcement that saw the stock crash around 25 per cent last week. After a 30 per cent correction in the Nifty IT index over the past year, the sector’s valuation multiples have compressed sharply. On trailing earnings, the index is now around 18 times, a level that looks modest compared with own multi-year averages. On the face of it that sounds like a classic valuation reset. The more uncomfortable question is whether this reset is complete, or merely halfway through. Look at the Big Four. TCS, Infosys and Wipro now trade around 14-15 times trailing earnings, while HCL Technologies is slightly higher at 18 times Price-to-Earnings (P/E). These numbers look sober when compared with the post Covid boom excesses (broadly 30-40x). That phase has clearly ended. TCS’ P/E has more than halved from a peak of about 42 times to around 15. Ditto for Infosys, which has slipped from about 38 times to 15. Wipro has moved from about 32 times to 14. HCLTech, too, is down from its peak (32x). So, yes, the market has done some cleaning up. The problem is that the cupboard may not yet be fully ship-shape. This is not a sudden change in stance. bl.portfolio has been cautious on Indian IT for about three years, arguing that the sector’s post-Covid valuation premium was running ahead of earnings reality. In our February 8 edition, after the latest AI scare hit IT stocks, we had noted that investors should not view corrections as a buy-the-dip opportunity in our article titled ‘Lessons for IT investors from AI’s iPhone moment’. The historical comparison is revealing. TCS, Infosys and Wipro are now below their pre-Covid P/E levels. That gives bulls a decent argument; the froth has gone, businesses remain cash-rich, payout yields are attractive, and any improvement in demand can trigger a sharp rebound. Bears have an equally simple question: If these companies are no longer growing like premium compounders, why should they be considered cheap? In our article titled ‘Accenture sets the tone for IT stocks’ (bl.portfolio of April 28, 2024), we had explained why Indian IT stocks’ valuation cannot decouple from valuation of global IT stocks like Accenture. Today, Accenture, trading at 10x the trailing P/E, becomes the inconvenient global mirror. A gold standard in IT services and consulting globally, its valuation, earnings expectations and demand commentary matter. In the pre-Covid decade, Accenture used to trade at premium to TCS (which, in turn, used to trade at a premium to Infosys, HCL Tech and Wipro). Bear in mind that Accenture has significantly outperformed its peers, clocking a 10 per cent USD EPS CAGR for the FY16-26 period, comfortably outpacing the growth rates of HCL Tech, Infosys and TCS (all 6 per cent CAGR), and Wipro (3 per cent CAGR). Even after factoring for currency benefit, the EPS CAGR for Indian peers at 7-9 per cent CAGR is below Accenture. While Accenture’s margins are lower than TCS, its larger scale and higher revenue share from high-end business used to garner it a premium over Indian IT. Post Covid, the valuation math has changed. Today, the valuation premium of Wipro, Infosys, TCS and HCL Tech at 39 per cent, 46 per cent, 53 per cent and 84 per cent, respectively, appears unjustifiable. This implies that whenever IT stocks rebound, Accenture is likely to outperform Indian peers.

Top IT stocks stare at great valuation reset
North America
CNBC Finance

Slate Auto says $24,950 electric truck will be profitable; targets positive cash flow next year

LOS ANGELES — Electric vehicle startup Slate Auto expects to defy challenging market conditions and avoid the losses its peers have seen by profitably selling a highly customizable EV that starts at just under $25,000. Slate CEO Peter Faricy said every vehicle produced by the Michigan-based EV startup — which is backed by Amazon founder Jeff Bezos and Los Angeles Dodgers controlling owner Mark Walter — will be gross margin positive. That will lead the company to positive free cash flow and earnings before taxes, depreciation, and amortization by 2027, he said. "It's an ambitious goal," Faricy told CNBC during an interview at the company's new design studio outside of Los Angeles. "No other automotive company has been able to do that before. So it's ambitious. It's going to take a lot of work. Nothing's guaranteed in life, but you have to have ambitious goals if you want to achieve big things. That's the big goal we're shooting for." Other recent EV startups have struggled financially. Automakers such as Lordstown Motors and Fisker Automotive went bankrupt, while Rivian Automotive and Lucid Motors have reported billions of dollars in annual losses and both recently announced layoffs. Faricy, former vice president of Amazon Marketplace who was appointed to lead the automaker in March, said the company can succeed where others have failed because of its simplistic product, customer-focused business strategy and break-even point of roughly 80,000 vehicles a year. The break-even point is just over half of the 150,000-unit production capacity the company plans to have at its assembly plant in Warsaw, Indiana. Slate is continuing to build out that facility while also producing prototype vehicles. "We have a different cost structure and a different business model than other automakers have," he said, citing the simplicity of Slate's vehicle and manufacturing process as well as the ability to customize the EVs. Slate's flagship product is a two-seat, $24,950 bare-bones electric pickup truck that's so basic the speakers are optional and it has crank windows. The truck can be converted into a five-passenger sport utility vehicle for an additional $5,000. The vehicles will feature a Slate-estimated EV range of 205 miles, 181 horsepower and 195 foot-pounds of torque. Its performance pales compared with much pricier electric pickups and SUVs but is in line with similarly priced vehicles. Slate was in stealth mode until the company revealed its flagship EV in April 2025. It said then that its initial starting price would be under $20,000, but that included up to $7,500 in federal tax incentives that were available at the time for purchasing an EV and have since been discontinued. The startup has raised more than $1.3 billion in capital through three financing rounds, two of which were led by Walter's TWG Global investment holding company after a Bezos-affiliated lead round. Faricy declined to discuss Slate's capital runway but confirmed the company is continuing to opportunistically raise funding as it prepares to produce vehicles for consumers later this year and ramp up production, with deliveries expected during the fourth quarter.

Slate Auto says $24,950 electric truck will be profitable; targets positive cash flow next year
Asia
The Hindu BusinessLine

Adani Group to build 2,000-bed hospital in West Bengal’s New Town

In this image received on July 4, 2026, West Bengal Chief Minister Suvendu Adhikari interacts with people during the 'Janata Darbar' programme, in Kolkata, West Bengal. | Photo Credit: via PTI Photo West Bengal Chief Minister Suvendu Adhikari on Saturday said the Adani Group would set up a 2,000-bed hospital in New Town, with 1,000 beds reserved for free treatment of the poor. Adhikari made the announcement here while outlining the initiatives undertaken by his government in the state over the past two months, during an interaction with members of the civil society in his Bhabanipur assembly constituency. "The Adani Group has given a written commitment to build a 2,000-bed modern hospital in New Town. Of these, 1,000 beds will be for the poor and another 1,000 would be used for commercial operation," he said. The interaction, organised by the Alipore Citizens' Association, was attended by members of the civil society and several business representatives. No further details on the proposed investment, project cost or timeline for the medical facility were diclosed. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

Adani Group to build 2,000-bed hospital in West Bengal’s New Town
Asia
The Hindu BusinessLine

India lifts gas supply curbs as LNG shipments through Strait of Hormuz resume

The temporary measures were introduced following disruptions to LNG imports caused by force majeure declarations from suppliers. India, which relies heavily on imported LNG, had prioritised supplies for CNG, domestic PNG and other essential sectors. | Photo Credit: iStockphoto The government has withdrawn the March 2026 order regulating the supply of natural gas due to the conflict in West Asia, which led to the closure of the Strait of Hormuz (SoH) and impacted almost half of India’s LNG consumption. “Central Government had assessed that the ongoing conflict in the Middle East had resulted in the disruption of liquefied natural gas (LNG) shipments through the SoH and suppliers had invoked force majeure clause which entailed diversion of natural gas to the priority sectors,” the government said in a gazette notification on Saturday (July 4, 2026). In order to ensure equitable distribution and continued availability of natural gas for priority sectors, the government considered it necessary to regulate production, sector-wise allocation and diversion of natural gas supplies, distribution, disposal, acquisition, use or consumption, it added. “The ongoing conflict in the Middle East that had resulted in the disruption of liquefied natural gas shipments through the Strait of Hormuz has been subject of a ceasefire and negotiations are ongoing, as part of which, sea traffic through the Strait of Hormuz has been permitted to be resumed,” the notification said. According to a recent Gastech report, India, the fourth-largest importer of LNG, depends heavily on overseas supplies. Qatar accounts for 41.4 per cent of LNG imports. The country imported 27 million tonnes of LNG in FY25, of which 11.2 million tonnes were sourced almost entirely from Ras Laffan. The US EIA has said that 83 per cent of LNG shipped through the SoH in 2024 went to Asian markets, with China, India, Japan, and South Korea accounting for 59 per cent. The action further bolsters the narrative that energy supplies are gradually picking up as vessels resume transit through the SoH. Since June 29th, the government has removed the cap on the sale of diesel and petrol and reduced the prices of commercial LPG, domestic ATF, and 5 kg LPG cylinders. India had invoked emergency powers under the Essential Commodities Act after disruptions in LNG supply, and the resultant force majeure by suppliers dried up cargoes, prompting a re-prioritisation of supplies for priority sectors. The government ensured a 100 per cent natural gas supply to domestic piped natural gas (D-PNG) consumers and compressed natural gas (CNG) for transport. Fertiliser sector allocation was reduced to 70 per cent, then increased to 95 per cent in phases until the end. Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments. We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.

India lifts gas supply curbs as LNG shipments through Strait of Hormuz resume
Asia
The Hindu BusinessLine

A life devoted to India’s unity and progress

Today, 6th July, is a special day for countless people who cherish the ideals of nationalism and selfless service. We commemorate the 125th birth anniversary of . Syama Prasad Mookerjee, whose life remains a timeless example of courage and unwavering commitment to Maa Bharti. Few leaders in modern India embodied the seamless confluence of intellect, public service and moral conviction as profoundly as . Syama Prasad Mookerjee. The young Syama Prasad was born into circumstances that could easily have assured him a protected and comfortable life. His father, Sir Ashutosh Mookerjee, was among the foremost educationists and intellectuals of his age. Yet, while destiny placed before him a path of privilege, his conscience led him towards one of sacrifice and national service. He was convinced that he could not remain a mute spectator to the turbulence of his times, be it fighting colonialism, communalism, humanitarian challenges and more. Along this journey, he endured profound personal tragedies, including the loss of an infant child and, later, his wife. Yet, these tragedies only deepened his resolve and strengthened his unwavering commitment to serve. If there was one ideal that defined . Syama Prasad Mookerjee’s public life above all else, it was the indivisibility of India. He stood firm during the upheaval of Partition to ensure that West Bengal remained an integral part of India. A few years later, that very conviction drew him to Jammu and Kashmir. Imprisonment did not deter him and isolation did not diminish him. His life came to an abrupt end in detention, far from the countless people whose cause he had made his own. There are moments in history when an individual’s final sacrifice transcends politics and enters the realm of national memory. Mookerjee’s last journey remains one such moment. Acharya Vinoba Bhave said that . Mookerjee sacrificed himself for a cause in which he had faith. Years later, the revocation of Articles 370 and 35(A) in 2019 was the most fitting tribute to his martyrdom. Mookerjee put India First and Indian values first. And he did it by building institutions and nurturing systems that defied conventional mindsets of those times. He became the youngest Vice Chancellor of the University of Calcutta. In his unique style, he brought positive changes that were patriotic and futuristic. Addressing a conference of educators, Mookerjee put it wonderfully when he said, “It is incorrect to look upon educational institutions as factories to produce potential clerks and low-paid staff. We have to turn out students who are capable of providing leadership to our self-governing institutions, such as municipal corporations, provincial and central legislatures and also of directing the affairs in various fields of life such as financial, commercial and industrial ones.” Under his leadership, Calcutta University undertook unique efforts such as improving library infrastructure, boosting research in sciences, encouraging the study of artefacts and establishing courses in agriculture, to name a few. He drew attention to areas such as sports, teacher training and student welfare. To instil a sense of pride among students and alumni, he began a practice of marking 24th January as the foundation day of the University. He requested none other than Gurudev Tagore to compose a song for the University. Yet another example of this spirit can be seen in the later part of his life, when he decided to form the Bharatiya Jana Sangh. At a time when the Congress Party was omnipresent, he felt that there was all the more reason for an alternative voice to speak up for India’s progress while staying attached to our cultural roots. It was perhaps fitting that the party’s symbol was the Diya, the earthen lamp. A single lamp may appear modest, yet it possesses the power to dispel darkness far beyond itself. It is exactly what the Jana Sangh did both during the years it was active and beyond. Dr. Syama Prasad Mookerjee’s tenure as India’s first Minister for Industry and Supply reveals a statesman whose conception of development was remarkably comprehensive and humane. He viewed industry as a means of restoring dignity, opportunity and confidence to a newly independent nation. He respected wealth creation and value addition. While laying the foundations of modern industrial India through pioneering initiatives such as the Damodar Valley Corporation, the Sindri Fertiliser Plant and a robust industrial policy, he simultaneously ensured that India’s traditional strengths were not neglected. Handlooms, cottage industries, artisans and textile workers found in him an equally committed champion. Here, I would like to share a personal experience. The Sindri plant, which Mookerjee worked to establish with a clear vision of self-reliance, was ignored by those who ran the nation for several decades. I feel honoured that our Government had the opportunity to contribute to its revival. It was indeed among the most special moments to have been there for that programme. India’s civilisational tradition has long celebrated dialogue and discussions. Mookerjee embodied this democratic spirit. He joined Pandit Nehru’s Cabinet, believing that the task of nation-building in the early years transcended political differences. He served with sincerity and a constructive spirit. But when he felt that questions of national importance demanded a different course, he relinquished office with dignity and devoted himself wholeheartedly to the political work he believed the nation required. 75 years ago, Pandit Nehru brought the First Amendment, which was a direct assault on free speech. Mookerjee was among its staunchest critics. He understood fully what the Congress was capable of doing. And he was proven right. Those who brought the First Amendment 75 years ago imposed the Emergency in 1975 and 50 years ago, brought in the 42nd Amendment Act, which again struck at the core of liberal democratic values. Mookerjee also stood out for his humanitarian efforts. When the most tragic famine struck Bengal in 1943, Mookerjee immersed himself in serving those affected. He ensured that several canteens and relief centres were opened to feed people. On one hand, he was deeply shaken by the plight of his people while on the other, he was repulsed by the insensitivity of the colonial rulers. He even wrote a book, Panchasher Manwantar, in which he expressed his angst. When a super cyclone hit Medinipur in 1942, his efforts to restore normalcy were widely lauded. Speaking at a college in Kolkata, Mookerjee urged the youth, “Whatever work you undertake, do it seriously, thoroughly and well; never leave it half-done or undone, never feel yourself satisfied unless and until you have given it your very best.” As India advances towards the goal of a Viksit Bharat, the finest tribute we can pay him is to strive every day to build the strong, united, self-confident and compassionate India that he so deeply believed in. And knowing today’s youth, I am certain they will rise to the occasion and do exactly that.

A life devoted to India’s unity and progress
Asia
The Economic Times

11 largecap stocks with upside potential of up to 50%. Do you own any?

Analyst forecasts offer more than just numbers—they provide a strategic view of future market potential. For investors seeking the next big opportunity, a closer look at BSE largecap stocks reveals several promising contenders.Based on consensus estimates from Trendlyne, some largecap stocks are projected to deliver strong returns over the next 12 months. This anticipated “upside” represents the average expected gain over the coming year, offering a data-driven benchmark for investors targeting high-potential opportunities. In this analysis, we spotlight 11 standout largecap stocks expected to deliver gains in the 25% to 50% range over the year ahead. Swiggy is currently trading at Rs 248. Based on analyst estimates, the average target price is Rs 373, indicating a potential upside of 50%. Among 27 analysts covering the stock, the consensus rating is Buy. ICICI Prudential is currently trading at Rs 485. Based on analyst estimates, the average target price is Rs 688, indicating a potential upside of 42%. Among 33 analysts covering the stock, the consensus rating is Buy. HDFC Life Insurance is currently trading at Rs 568. Based on analyst estimates, the average target price is Rs 780, indicating a potential upside of 37%. Among 34 analysts covering the stock, the consensus rating is Strong Buy. Mahindra & Mahindra is currently trading at Rs 3,137. Based on analyst estimates, the average target price is Rs 4,112, indicating a potential upside of 31%. Among 34 analysts covering the stock, the consensus rating is Strong Buy. TCS is currently trading at Rs 2,094. Based on analyst estimates, the average target price is Rs 2,742, indicating a potential upside of 31%. Among 41 analysts covering the stock, the consensus rating is Buy. SBI Life Insurance is currently trading at Rs 1,789. Based on analyst estimates, the average target price is Rs 2,341, indicating a potential upside of 31%. Among 36 analysts covering the stock, the consensus rating is Strong Buy. Infosys is currently trading at Rs 1,047. Based on analyst estimates, the average target price is Rs 1,366, indicating a potential upside of 30%. Among 41 analysts covering the stock, the consensus rating is Buy. Reliance Industries is currently trading at Rs 1,304. Based on analyst estimates, the average target price is Rs 1,694, indicating a potential upside of 30%. Among 31 analysts covering the stock, the consensus rating is Strong Buy. HDFC Bank is currently trading at Rs 801. Based on analyst estimates, the average target price is Rs 1,038, indicating a potential upside of 30%. Among 40 analysts covering the stock, the consensus rating is Strong Buy. ONGC is currently trading at Rs 238. Based on analyst estimates, the average target price is Rs 308, indicating a potential upside of 29%. Among 30 analysts covering the stock, the consensus rating is Buy. Waaree Energies is currently trading at Rs 2,859. Based on analyst estimates, the average target price is Rs 3,582, indicating a potential upside of 25%. Among 15 analysts covering the stock, the consensus rating is Buy.

11 largecap stocks with upside potential of up to 50%. Do you own any?