HDFC Bank, Bharti Airtel among 10 largecap stocks with up to 35% upside potential. Check list – Oil Shock

The recent US-Iran war has pushed crude oil prices above $125 per barrel, reigniting inflation concerns and adding to global market uncertainty. Despite these headwinds, heightened geopolitical risk, and pressure from rising energy costs, here are 10 largecap stocks that could give meaningful returns to investors.

Bharti Airtel – With a target price of Rs 2,266, the brokerage implies an upside potential of 20% from current levels. Premiumisation, supported by rising 5G penetration and continued expansion of 5G network sites, remains a key driver of ARPU growth. With peak 5G capex largely behind, FCF generation is expected to strengthen, aiding balance sheet deleveraging.

Kotak Mahindra Bank – The brokerage has pegged the target price at Rs 500, implying an upside of 30% from current levels. The lender is well placed to maintain healthy double-digit credit growth over the medium term, supported by strong traction in SME and secured retail segments, along with a recovery in unsecured lending excluding MFI as stress levels ease.

Fortis Healthcare – The brokerage has pegged the target price at Rs 1,050, forecasting a 14% upside. The hospital’s margins have expanded by 550 bps year-on-year over FY23 to 9MFY26, reaching 23%, and further improvement is expected. This is likely to be supported by a better case and payor mix, ongoing cost rationalisation efforts, and the ramp-up of the Manesar and Greater Noida units, along with new brownfield bed additions.