Monarch Networth Capital has picked five stocks across sectors ranging from electronics retail and IT to capital goods, metals and mining, and hotels for its Q3FY27 portfolio. The brokerage has assigned a BUY rating to all five stocks, with potential upside ranging from 26% to 51% based on its October 2026 report.
TajGVK Hotels & Resorts tops the list with a potential upside of 51%, followed by Godawari Power & Ispat at 45%. Aditya Vision, Capillary Technologies and Carborundum Universal each have a potential upside of 26%, according to the brokerage's target prices.
The recommendations are based on expectations of business expansion, improving profitability, new growth opportunities and stronger earnings over the coming years.
The brokerage likes the company's strong position in eastern India. Aditya Vision is the largest electronics retailer in Bihar, where it commands more than 50% market share, and also has a leading presence in Jharkhand. It has recently entered Uttar Pradesh to expand its footprint.
The company operated around 210 stores as of Q1FY27 and has not closed a single store since starting operations in 1999. Monarch expects its store count to increase to 318 by FY29.