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Brokerage firm sets high target prices for three Indian market stocks
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Aaj Tak
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Brokerage firm sets high target prices for three Indian market stocks

Amid fluctuations in the Indian stock market, the company Choice Institutional Entities provided an analysis of several stocks, setting significant target prices for them. The broker asserts that these stocks have the potential to rise by 95 percent, allowing investors to double their investments.

The broker showed the most confidence in Jeena Sikho Lifecare, a company operating in the healthcare sector. According to analysts, this stock could double and exceed the 1000 rupee mark. Currently, the stock trades at 512 rupees, and a growth of 95.4% is forecasted. The broker assigned this company a 'Buy' rating and set a target of 1000 rupees. The company is expanding its network of Ayurvedic medical facilities and plans to reach 7000–10000 beds within the next 3–5 years.

The second most significant was Bajaj Consumer. This stock is currently trading at 491 rupees, with a target price set at 715 rupees, corresponding to a potential growth of 45.8%. The broker positively assessed the strong business growth of the company in the Almond Drop hair oil segment, as well as improved gross profit and reduced costs.

The third stock is Garden Reach Shipbuilder, presented in the defense sector. A target price of 3500 rupees has been set for this stock against a current price of 2617 rupees, suggesting a growth of 33.7%. The broker holds a very optimistic view on GRSE, believing that the company will benefit from government defense spending and its order book.

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Goldman Sachs acquired 4 million shares of Shiprocket, shares rose by 63% in two days
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Goldman Sachs acquired 4 million shares of Shiprocket, shares rose by 63% in two days

The investment fund Goldman Sachs India Equity Portfolio made a large purchase of shares in the recently listed Indian company, which provided significant profit to investors in just two days.

Goldman Sachs acquired 40.24 thousand shares of this company. Over two days, the value of these shares increased by 62 percentage points compared to the initial offering price of 97 rupees.

This concerns the logistics aggregation platform Shiprocket Limited. The company was listed on Wednesday, bringing investors a return of 35 percent. Already on Wednesday, Goldman Sachs acquired a 0.55 percent stake in the e-commerce platform Shiprocket. Specifically, Goldman Sachs bought 40.4 thousand shares worth 52.7 crore rupees at a price of 131 rupees per share.

On the listing day, Shiprocket shares generated huge demand from investors, reaching 143.1 rupees compared to the offering price of 97 rupees, which represented a rise of 47.53 percent. On Thursday, the logistics company's shares rose by 9.27%, reaching a high of 156.81 rupees. The company's market capitalization increased to 11,153 crore rupees.

The trading volume of Shiprocket shares reached 104.67 crore rupees, with 68.36 thousand transactions conducted on BSE. Shiprocket's IPO ran from August 12 to August 14. Shares were offered in a price range of 92 to 97 rupees per share, with a lot size of 154 shares. The company planned to raise a total of 1,617 crore rupees through the IPO, including the sale of new shares worth 885 crore rupees and an Offer for Sale (OFS) worth 732 crore rupees, constituting 7.54 equity shares.

Shiprocket, based in Gurugram, was founded in 2011. It is an Indian company providing e-commerce capabilities. It offers technological solutions that help MSMEs, Direct-to-Consumer (D2C) brands, and large retailers manage and grow their business both online and offline. According to the financial year 2025 data, Shiprocket was the largest modern end-to-end e-commerce platform in India by revenue.

State-owned company Hindustan Copper shows strong results in the first quarter after significant stock growth and decline
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State-owned company Hindustan Copper shows strong results in the first quarter after significant stock growth and decline

The state-owned company has demonstrated impressive returns for investors over the past years. Over one year, the company's shares grew by 122%, and in the first quarter, the company presented strong financial results.

Net profit in the first quarter reached 352 crore rupees, which is 162% higher compared to 134 crore rupees in the same period last year. However, in the fourth quarter of the 2026 fiscal year, profit decreased by 20%, amounting to 444.27 crore rupees.

The company's revenue in June increased by 81%, reaching 937 crore rupees compared to 516 crore rupees a year earlier. This revenue growth is due to the increase in copper prices. After the publication of the first-quarter results, Hindustan Copper shares closed at 526.75 rupees per share, which was 2% lower than the previous closing price of 536.10 rupees on Monday.

Tuesday saw a slight increase in shares, which traded at 535.80 rupees. The shares reached a record high of 759.20 rupees on January 29, 2026. This multibagger stock provided a return of 255% over three years and 787% over ten years, but since reaching the record, it has fallen by 31%.

During June, Hindustan Copper achieved a significant improvement in operating profit. The EBITDA indicator grew by 139% year-on-year, reaching 508 crore rupees compared to 212 crore rupees in the same quarter of the previous fiscal year. The growth in operating income also contributed to an increase in the company's margin. According to consolidated financial data, the EBITDA margin in the first quarter rose to 54.19%, whereas it was 41.05% a year earlier.

Hindustan Copper Limited (HCL) is a central government enterprise managed by the Ministry of Mines. Established in 1967, it is the sole producer of copper in India, covering all stages of the process: from mining and smelting to refining, copper casting, and final product manufacturing.

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