Nifty 50 Gains for 6th Day, IndusInd Bank, Hero MotoCorp Among Top Stocks

Nifty 50 Extends Rally, Top Stocks with Highest Upside Potential

Team Finance Saathi

24/Mar/2025

What's covered under the Article:

Nifty 50 has surged over 1,300 points from its March 17 low, marking a strong market recovery.
Stocks like IndusInd Bank, Hero MotoCorp, Adani Ports, Infosys, and M&M have high upside potential.
Investor wealth has increased by ₹22 lakh crore, with BSE market capitalization now at ₹412 lakh crore.

The Nifty 50 index continued its winning streak, gaining for the sixth consecutive day on Monday, March 24, extending its impressive recovery from the March 17 low of 22,353. The index has bounced back over 1,300 points since then and is up nearly 1,700 points from the March 4 low of 21,964.

This rally follows a steep decline where Nifty 50 had dropped 15% from its September 27 high of 26,277. However, with the recent momentum, at least 25 Nifty stocks have now turned positive on a year-to-date basis, fueling investor confidence in the market.

Top Stocks with Highest Upside Potential

IndusInd Bank

Out of 48 analysts, 21 have a 'Buy' rating, 18 suggest 'Hold', while 9 recommend 'Sell'.
Consensus price target: 47% upside potential in the next 12 months.
Current share price: ₹668.75 (down 2.64%).

Hero MotoCorp

Among 42 analysts, 25 suggest 'Buy', 11 say 'Hold', and 6 recommend 'Sell'.
Consensus price target: 31% upside potential.
Current share price: ₹3,625.60 (down 0.092%).

Adani Ports and SEZ

All 18 analysts covering Adani Ports have given a 'Buy' rating.
Consensus price target: 30% upside potential.
Current share price: ₹1,206.80 (up 1.51%).

Infosys

47 analysts cover Infosys, with 34 'Buy' ratings, 7 'Hold', and 6 'Sell' recommendations.
Consensus price target: 28% upside potential.
Current share price: ₹1,593.80 (up 0.078%).

Mahindra & Mahindra (M&M)

Out of 40 analysts, 38 have a 'Buy' rating, while 1 each recommend 'Hold' and 'Sell'.
Consensus price target: 27% upside potential.
Current share price: ₹2,765.65 (down 1.28%).

Stock Market Recovery & Investor Wealth Growth

The recent rally has sparked strong investor optimism, with Nifty 50 gaining over 6% last week, marking its best week since February 2021. This surge has resulted in an addition of ₹22 lakh crore to investor wealth.

The total market capitalization of BSE-listed companies has now climbed back above the ₹400 lakh crore mark, currently standing at ₹412 lakh crore. This signals a strong comeback for the bulls, recovering from the previous correction phase.

Market Outlook: Is the Bull Run Here to Stay?

With key large-cap stocks showing significant upside potential, analysts remain optimistic about the continued momentum in Indian equities. However, investors should monitor factors like global economic trends, interest rate policies, and geopolitical developments, which could impact market sentiment in the coming weeks.

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