NEW YORK (TheStreet) -- HDFC Bank (HDB), ICICI Bank (IBN), iGate (IGTE), Sterlite Industries (SLT), WNS Holdings (WNS) and Dr Reddy's Labratories (RDY) are Indian stocks with potential to deliver 21% to 30% returns, based on analysts' consensus estimates of 12-month price targets.
Indian stocks returned 13% in the last one year. However, total investor wealth lost during the last three months was substantial. The benchmark index BSE Sensex wiped out 8% in the past three months. Concerns like inflation, foreign institutional investor outflows, and interest rate hikes weighed heavy on the broader markets.
Nonetheless, for longer term, investors can consider several opportunities for appreciation. The following six stocks have potential to deliver attractive returns over the next one year. These stocks are from diverse sectors like banking and financials, metals, technology and pharmaceuticals. In the last one year, the selected stocks delivered an average 24% and have a potential 21%-30% upside over the next one year, according to analysts' consensus estimates.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV