High conviction picks! Prabhudas Lilladher sees up to 40% upside potential in these 16 stocks

PL Capital in its latest 'Strategy' report listed out as many as 16 stocks as its 'High Conviction' picks, although it trimmed its Nifty 50 target to 26,449 amid rising inflation, El Nino impact and other headwinds, while noting that markets are unlikely to significantly correct further and breach the recent lows.

PL Capital has a target price of Rs 2,226 apiece for the shares of Bharti Airtel. This implies an upside potential of 25% from the stock’s previous closing price. The shares of the telecom major have fallen around 2% in one week but gained 2% in one month. However, the stock is down over 15% in 2026 so far.

Britannia Industries has been assigned a target price of Rs 6,441 per share by PL Capital. This implies an upside potential of 30% from the stock’s previous closing price. The shares of the FMCG major have risen nearly 1% in one week but declined more than 5% in one month and 15% in 2026 so far.

PL Capital has a target price of Rs 1,825 apiece for the shares of ICICI Bank, implying an upside potential of 39% from the private lender’s previous closing price. The shares of the company have jumped around 5% in one week and 4% in one month, but are down over nearly 2% in 2026 so far.

Kotak Mahindra Bank has been assigned a target price of Rs 480 apiece by PL Capital. This implies an upside potential of 22% from the stock’s previous closing price. The shares of the private lender have jumped 3% in one week and one month, but have fallen around 11.5% in 2026 so far.

PL Capital has a target price of Rs 4,632 apiece for the shares of Larsen & Toubro (L&T). This implies an upside potential of 20% from the stock’s previous closing price. The shares of the engineering and construction major have fallen nearly 2% in one week and one month, and are down over 6% in 2026 so far.

Shriram Finance has been assigned a target price of Rs 1,200 per share by PL Capital. This implies an upside potential of 35% from the stock’s previous closing price. The shares of the NBFC have fallen around 3% in one week, 9% in one month and 13% in 2026 so far.

PL Capital has a target price of Rs 5,161 apiece for the shares of Titan Company. This implies an upside potential of 28% from the stock’s previous closing price. The shares of the Tata Group company have fallen around 5% in one week, but recorded marginal gains in 2026 so far.

Apart from the 7 large-cap stocks listed above, PL Capital also named 9 small and mid-cap stocks among its high conviction picks. These are Ajanta Pharma (target price: Rs 3,400 apiece), CESC (target price: Rs 216 apiece), DOMS Industries (target price: Rs 2,883 apiece), HealthCare Global Enterprises (target price: Rs 820 apiece), Ingersoll-Rand (target price: Rs 4,934 apiece), Jindal Stainless (target price: Rs 821 apiece), JSW Infrastructure (target price: Rs 342 apiece), KEI Industries (target price: Rs 5,660 apiece) and Rainbow Children's Medicare (target price: Rs 1,615 apiece).

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