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From Reliance Industries to ICICI Bank and even M&M, 11 names feature on SBI Securities' list of investment ideas for the next two years with potential upside ranging from 12% to 25%.
By Meghna Sen May 12, 2025, 10:07:00 AM IST (Published)
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As many as 11 stocks are part of SBI Securities' Long-Term Investment Ideas for the next two years. They include large-cap cap names, with stocks on the list having a potential upside ranging from 11.7% to as much as 25%. Let’s take a look at these names.
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M&M | SBI Securities has a price target of ₹3,625 on the stock, implying a potential upside of 21.6% from current levels. At the current market price (CMP), the stock is trading at 27.0x and 23.9x its FY26 and FY27 standalone consensus Bloomberg earnings estimates, respectively. The brokerage mentioned that SUVs, LCVs, tractors, and exports are firing on all cylinders and are expected to drive profitable growth for the industry.
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ICICI Bank | SBI Securities has a price target of ₹1,556 on the stock, implying a potential upside of 12% from current levels. The brokerage said that the bank is expected to maintain its growth trajectory driven by industry-leading credit accretion and asset quality.
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BEL | SBI Securities has a price target of ₹372 on Bharat Electronics, implying a potential upside of 17.8% from current levels. Despite missing out on its order inflow guidance of Rs 25,000 crore for FY25, the company achieved an annual turnover of Rs 23,000 crore compared to Rs 19,820 crore in FY24, marking a sturdy growth of 16% against its guidance of 15%.
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Ultratech Cement | SBI Securities has a price target of ₹13,733 on the stock, implying a potential upside of 20.8% from current levels. The brokerage believes that with the ongoing consolidation happening in the cement industry, large player like UltraTech will grow bigger to capture the long-term structural growth in the industry.
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Varun Beverages | SBI Securities has a price target of ₹603 on the stock, implying a potential upside of 21.5% from current levels. According to SBI Securities, expectations of strong summer demand and benefits from the recent business acquisitions in Africa are likely to drive growth for the company in near-term.
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Max Healthcare Institute | SBI Securities has a price target of ₹1,405 on the stock, implying a potential upside of 24.6% from current levels. The company is expected to maintain its growth trajectory driven by increasing occupancy and commercialisation of new beds.
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RIL | SBI Securities has a price target of ₹1,586 on Reliance Industries, implying a potential upside of 15.2% from current levels. The brokerage believes the stock has multiple levers for re-rating such as new energy business to be a profitable vertical over the next 3 to 5 years; debt remained stable YoY in FY25 and is expected to witness a stable or declining trend; likely tariff hike should lead to higher ARPU; and upcoming listing of Retail and Jio telecom business would further unlock value.
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RIL | SBI Securities has a price target of ₹1,586 on Reliance Industries, implying a potential upside of 15.2% from current levels. The brokerage believes the stock has multiple levers for re-rating such as new energy business to be a profitable vertical over the next 3 to 5 years; debt remained stable YoY in FY25 and is expected to witness a stable or declining trend; likely tariff hike should lead to higher ARPU; and upcoming listing of Retail and Jio telecom business would further unlock value.
Note To Readers
Disclaimer: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.
