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Business Desk – There was a big decline in the Indian stock market this week. Both Sensex and Nifty 50 recorded a weakness of more than 1 percent. The impact of global cues, uncertainty regarding interest rates in America, fluctuations in crude oil prices and ongoing geo-political tension in the Middle East was also visible on the Indian market.

However, despite the fall in the market, many big brokerage houses like Nomura, Jefferies, Nuvama, Citi, Emkay Global, CLSA and JM Financial have expressed strong confidence in 10 selected stocks. These companies include stocks from real estate, auto, defence, pharma, energy and tech sectors. According to brokerage reports, returns in these shares can range from 8 percent to 62 percent in the next 12 months.

1. Swiggy Ltd: Expected rise up to 62%

Jefferies has given a target price of Rs 415 while maintaining ‘buy’ rating on Swiggy Ltd. It is expected to rise by about 62.6 percent from the current level.

According to the brokerage, the company’s food delivery growth has reached the highest level in the last 15 quarters. The business has been strengthened by new customer growth, affordability initiatives and premium offerings. However, there are concerns about the profitability of the quick commerce business. Food delivery gross order value grew by nearly 23 per cent in Q4FY26 as per the report, while adjusted EBITDA margin expanded to 3.3 per cent.

2. Waaree Energies Ltd: Expected return of more than 40%

Emkay Global Financial Services has maintained ‘buy’ rating on Waaree Energies Ltd and given a target of Rs 4,260. There is a possibility of about 40.5 percent rise from the current price of Rs 3,032.

The brokerage believes that the company is far ahead of its competitors due to its strong market leadership, large scale and global supply chain.

3. Hindustan Aeronautics Ltd: Strong bet in defense sector

Nomura has given a target price of Rs 5,954 while maintaining ‘buy’ rating on Hindustan Aeronautics Ltd (HAL). It is expected to rise by about 36 percent from the current price of Rs 4,377.

The brokerage says the company’s strong order book, strong profits and strong balance sheet provide long-term revenue visibility.

4. ONGC: Share may increase by 32%

CLSA has given ‘Outperform’ rating on Oil and Natural Gas Corporation Ltd (ONGC) and set a target of Rs 405. It is expected to gain about 32.2 percent from the current price of Rs 299.60.

According to the brokerage, the reduction in upstream royalty by the government can prove to be a big positive step for the company.

5. Tata Motors Passenger Vehicles: Strong jump in EBITDA

Nuvama has raised the target price from Rs 400 to Rs 470 while maintaining ‘buy’ rating on Tata Motors Passenger Vehicles. It is expected to rise by about 32 percent from the current level of Rs 356.15.

According to the brokerage, the company’s domestic passenger vehicle business is performing strongly and EBITDA has increased by 79 percent to Rs 1,770 crore, which was better than expected.

6. DLF Ltd: Strong confidence in real estate sector

Nuvama has given a target of Rs 722 while maintaining ‘buy’ rating on DLF Ltd. There is a possibility of about 27.5 percent rise from the current level of Rs 566.

The brokerage believes that the company’s strong cash generation, rising rental income and better net cash position will support the stock in the times to come.

7. NTPC Ltd: Citi said the top pick of the sector

Citi has initiated coverage on NTPC Ltd with a ‘buy’ rating and a target of Rs 485. Due to this, there is a possibility of a rise of about 22 percent in the stock.

The brokerage has described NTPC as the top pick of the sector. The company is in a strong position in all major sectors like thermal, renewable, storage and nuclear energy.

8. Grasim Industries Ltd: Will benefit from dividend inflow

Jefferies has given a target of Rs 3,440 while maintaining ‘buy’ rating on Grasim Industries Ltd. There is a possibility of an increase of about 17 percent from the recent price of Rs 2,940.

The brokerage says that the company will benefit from increase in dividend inflow, which will further strengthen its financial position.

9. Crompton Greaves Consumer Electricals Ltd: Benefiting from summer demand

Nomura has raised the target price on Crompton Greaves Consumer Electricals Ltd from Rs 318 to Rs 335 while maintaining ‘buy’ rating. There is a possibility of about 11 percent rise from the current market price of Rs 302.

The brokerage believes that demand remains strong in summer and the company can benefit from the low base.

10. Cipla Ltd: Trusted share of pharma sector

JM Financial has raised the rating of Cipla Ltd to ‘Buy’ from ‘Add’. Also, the target price has been increased from Rs 1,431 to Rs 1,546. It is expected to rise by about 8 percent from the recent price of Rs 1,428.70. According to the brokerage, the company’s strong pharma growth and better performance can support the stock further.