Top Buy Calls: HDFC Securities sees up to 45% upside in these 5 stocks

₹1,024, implying an over 35 percent upside. Strong growth potential, healthy financials, strong free cash flow generation, valuation comfort, robust launch pipeline and debt reduction are key near-term triggers for re-rating, said the brokerage. It also noted that whilst negative news flow on enforcement agencies’ actions during FY23 has led to a de-rating, the firm has judiciously strengthened its balance sheet by reducing ₹1500 crore net debt.  (AFP)” title =”Sobha: The brokerage has a ‘buy’ call on the stock with a target price of ₹1,024, implying an over 35 percent upside. Strong growth potential, healthy financials, strong free cash flow generation, valuation comfort, robust launch pipeline and debt reduction are key near-term triggers for re-rating, said the brokerage. It also noted that whilst negative news flow on enforcement agencies’ actions during FY23 has led to a de-rating, the firm has judiciously strengthened its balance sheet by reducing ₹1500 crore net debt.  (AFP)”>