18 Best Stock Picks for 2025 Recommended by 6 Top Brokers
With analysts predicting a tough year ahead for equities in 2025, selecting the right stocks will be crucial for investors. To assist, ET has curated a list of 18 stocks for 2025, as recommended by six top brokers. These include a mix of large-cap, mid-cap, and small-cap stocks that hold the potential to outperform in the coming year.
1)AXIS SECURITIES
Bharti Airtel
- LTP: ₹1,593
- Target Price: ₹1,880
Bharti Airtel is positioned to maintain its market share in the long term, supported by high penetration rates and low capital expenditure requirements. The company’s growth outlook is further bolstered by its expanding digital portfolio and rising per-user data consumption. Analysts recommend a BUY rating for the stock, citing superior profit margins, robust subscriber growth, and a surge in 4G user conversions as key drivers of future performance.
Fortis Healthcare
- LTP: ₹720
- Target Price: ₹860
Fortis Healthcare stands out as a compelling investment opportunity, supported by strong revenue growth and robust financial performance. Key factors driving profitability include improved occupancy rates, rising Average Revenue Per Occupied Bed (ARPOB), and strategic brownfield expansions. Fortis also benefits from its leadership in critical therapies such as cardiac and oncology, coupled with the increasing penetration of health insurance in India, ensuring sustained demand for its services. Analysts recommend a BUY rating for the stock.
City Union Bank
City Union Bank has resumed its growth trajectory, with demand-driven expansion evident in its core segments. The bank’s revamped processes are beginning to deliver results, and its focus on growth in the non-core retail segment is expected to further accelerate its progress. This positions the bank for improved performance in the near future.
2)HDFC SECURITIES
Hindustan Unilever (HUL)
- LTP: ₹2,327
- Target Price: ₹3,200
Hindustan Unilever (HUL) is set to strengthen its portfolio with a strategic focus on beauty and wellness categories, including skincare, haircare, and color cosmetics, driven by innovation and deeper market penetration. With substantial exposure to rural markets, HUL stands to gain from increased government spending on rural development and a favorable base effect, positioning it for strong growth. Analysts maintain a BUY rating on the stock.
Mahanagar Gas
- LTP: ₹1,282
- Target Price: ₹1,600
Mahanagar Gas is well-positioned for sustained growth as easing LNG prices and its pricing power are expected to normalize margins. The company’s valuations remain attractive, with superior return ratios compared to other city gas distribution players. Moving forward, its growth momentum is likely to continue, supported by its cost competitiveness and experienced management. Analysts recommend a BUY rating on the stock.
Sobha
- LTP: ₹1,573
- Target Price: ₹2,639
Sobha is set to launch 5.5 million square feet of new projects in H2FY25, primarily focusing on Bengaluru, where easing approval processes are accelerating project timelines. As a prominent player in the mid-premium real estate sector, Sobha’s extensive land bank across various regions provides a solid foundation for sustained growth. Analysts maintain a BUY rating on the stock.
3)KOTAK SECURITIES
Infosys
- LTP: ₹1,885
- Target Price: ₹2,250
Infosys, the second-largest Indian IT company, boasts a comprehensive capability stack and is well-positioned to benefit from increased discretionary spending. With its strong market presence and diversified offerings, the company is expected to capitalize on future growth opportunities. Analysts maintain a BUY rating for the stock.
Jindal Steel & Power (JSPL)
- LTP: ₹930
- Target Price: ₹1,150
JSPL is poised for growth due to its ongoing capacity expansion, several margin-boosting projects in the pipeline, and the lowest leverage among its peers. These factors contribute to a positive outlook for the company, making it an attractive investment option. Analysts recommend a BUY rating for the stock.
Aegis Logistics
- LTP: ₹822
- Target Price: ₹950
Aegis Logistics, with its comprehensive control over the entire logistics value chain—from sourcing and terminalling to retail distribution of LPG—stands to benefit significantly from the growing LPG penetration in India. This positions the company for continued growth and profitability in the coming years. Analysts maintain a BUY rating on the stock.
4)IIFL SECURITIES
Bajaj Finance
- LTP: ₹6,835
- Target Price: ₹8,200
Bajaj Finance has seen a 25% decline in its stock price over the past year due to a slowdown in earnings growth. However, analysts now see an opportunity, with expected earnings growth of 20-25% from FY26 onwards. This growth is driven by the easing of cost-of-funds (COF)-related net interest margin pressures and a moderation in credit costs from the second quarter of FY26. Analysts recommend a BUY rating on the stock.
Star Health
- LTP: ₹474
- Target Price: ₹700
Star Health is navigating rising claims ratios due to high medical inflation and increased disease incidences. To manage this, the company plans to increase prices for 65-70% of its retail portfolio in FY25. Additionally, Star Health aims to expand its agency force as part of its distribution strategy, positioning itself for growth in the coming year. Analysts recommend a BUY rating on the stock.
CEAT
- LTP: ₹3,235
- Target Price: ₹4,000
CEAT has signed an agreement to acquire Michelin's Camso Off-Highway (OHT) construction equipment bias tyre and tracks business. This strategic acquisition, expected to be 7-8% accretive to earnings per share (EPS) in FY26, will help CEAT scale up its OHT vertical, diversify its product portfolio, and access an extensive network of international OEMs and OHT distributors. Analysts recommend a BUY rating on the stock.
5)MOTILAL OSWAL
HCL Technologies
- LTP: ₹1,924
- Target Price: ₹2,300
HCL Technologies is strategically positioned to benefit from the GenAI revolution, capitalizing on its strong presence in the healthcare and BFSI sectors. Among Tier-I players, HCL’s expertise in data engineering, ER&D, and ERP modernization makes it a key beneficiary of the expected recovery in tech spending in 2025 and 2026. Analysts maintain a BUY rating for the stock.
Indian Hotels
- LTP: ₹874
- Target Price: ₹950
Indian Hotels is a leader in the hospitality industry, recognized for its strategic vision, operational excellence, and innovative growth initiatives. The company's ambitious ‘Accelerate 2030’ plan aims to double its hotel portfolio to over 700 hotels and achieve a 14% revenue compound annual growth rate (CAGR). Analysts recommend a BUY rating for the stock.
Angel One
- LTP: ₹2,934
- Target Price: ₹4,200
Angel One has emerged as the third-largest discount broker by active NSE clients, thanks to its cost-efficient client acquisition strategy, particularly targeting the younger generation in Tier 2 and 3 towns. The company is diversifying into wealth management, loan distribution, asset management, and expanding its AP channel, all of which are expected to enhance customer lifetime value and contribute to long-term value creation. Analysts recommend a BUY rating for the stock.
6)NUVAMA
ICICI Bank
- LTP: ₹1,283
- Target Price: ₹1,490
ICICI Bank boasts some of the best return ratios among private banks, with a Return on Assets (RoA) of 2.5% and Return on Equity (RoE) of 18.7% in FY24. Analysts expect these industry-leading return ratios to continue in the medium to long term, driven by robust credit growth and stable margins. Analysts recommend a BUY rating for the stock.
Anup Engineering
- LTP: ₹3,470
- Target Price: ₹3,800
Anup Engineering is poised for sustained high growth, supported by a strong order book and a stable enquiry pipeline. The company’s gradual capacity expansion at the new Kheda plant and product/geo expansion following its Mabel acquisition in Chennai are key drivers of its growth. Analysts recommend a BUY rating for the stock.
Awfis Space Solutions
- LTP: ₹724
- Target Price: ₹1,013
Awfis, a leading flexible workspace provider in India, is set to expand its footprint, aiming to reach 135,000 seats by the end of FY25, with an additional 30,000–40,000 seats to be added annually thereafter. Over FY24–27, the company’s revenue and profit after tax (PAT) are projected to grow at compound annual growth rates (CAGRs) of 40% and 100%, respectively. Analysts recommend a BUY rating for the stock.
